Bigshare IPO Allotment Status

Bigshare IPO Allotment Status: Everything You Need to Know

The Bigshare IPO has recently grabbed the attention of investors, especially in the Indian stock market. As the company gears up for its public listing, potential investors are eagerly waiting for the allotment status to see if they have been lucky enough to receive shares in the Bigshare IPO. In this article, we’ll provide all the essential details about the Bigshare IPO, how to check the allotment status, and what the next steps are for investors.

What is Bigshare IPO?

Bigshare Services Pvt Ltd, a well-established share registry and stock transfer agent service provider, has launched its Initial Public Offering (IPO) to raise funds and expand its business. The company is well-known for managing the back-office operations for several prominent companies and is considered a leader in the share registry and transfer agent services.

The Bigshare IPO is part of the company’s plan to raise capital to boost its operations and improve its technology infrastructure. The IPO aims to cater to investors looking to gain exposure to the growing financial services sector in India.

Bigshare IPO Details

Before diving into how to check the allotment status, let’s take a quick look at the Bigshare IPO details:

• Issue Type: Fresh Issue and Offer for Sale (OFS)
• IPO Size: The total size of the IPO is estimated to be around ₹400 crore.
• Price Band: The price band for the Bigshare IPO has been set between ₹100 to ₹110 per share.
• Lot Size: Investors can bid for a minimum of 130 shares, with the lot size ranging between 130 to 1,690 shares for retail investors.
• Listing Date: The listing of Bigshare shares on the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) is expected to happen after the allotment process is completed.

Bigshare IPO Allotment Process

Once the IPO subscription window closes, the company will begin the allotment process to allocate shares to investors. There are two main categories of allotment:

1. Retail Investors: Investors applying for IPO shares with a bid amount up to ₹2 lakh are classified as retail investors. The allotment of shares will be made on a pro-rata basis, which means that if the demand exceeds the number of shares available, the allotment will be done based on the subscription ratio.

2. Qualified Institutional Buyers (QIBs): These include large institutional investors, such as banks, mutual funds, and other financial entities.

3. Non-Institutional Investors (NIIs): This category includes high-net-worth individuals (HNIs) and corporate investors.

Steps in the Allotment Process

• Application Submission: Investors apply for the IPO through either their broker or ASBA (Applications Supported by Blocked Amount) process.
• Application Review: Once applications are submitted, the registrar (in this case, Bigshare Services) will review the applications and check for any discrepancies.
• Pro-Rata Allotment: Once verified, the allotment will be processed, and shares will be allocated to successful applicants. If the demand exceeds the available shares, some applicants may not receive the full allotment, or may not receive any shares at all.

Bigshare IPO Allotment Status

Once the allotment process is complete, the Bigshare IPO allotment status will be announced. Investors who have applied for the IPO can check whether they have been allotted shares by following these steps:

How to Check Bigshare IPO Allotment Status

There are two main ways to check the Bigshare IPO allotment status:

1. Online through the Registrar’s Website

The registrar for Bigshare IPO is Bigshare Services Pvt. Ltd. You can visit their official website to check the allotment status. Here's how:

• Visit the Bigshare Services website: www.bigshareonline.com.
• Look for the “IPO Allotment” section, typically found on the homepage or in the IPO section.
• Select Bigshare IPO from the list of IPOs.
• Enter your Application Number (provided at the time of application) and PAN Number (Permanent Account Number) to check your status.
• Once entered, click on the Submit button to view the allotment status.

If you’ve been allotted shares, the status will reflect the number of shares you’ve received. If no allotment is made, it will show "No Allotment".

2. Checking through the BSE/NSE Website

The BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) also provide the IPO allotment status. Here's how you can check your Bigshare IPO allotment status on these platforms:

• Visit the BSE Website: www.bseindia.com and click on the "Equity" section.
• IPO: Navigate to the “Equity” section, then click on "IPO Allotment Status".
• Enter Details: Select Bigshare IPO, enter your Application Number or PAN details to check the allotment status.

Alternatively, you can visit the NSE website www.nseindia.com and follow a similar process to check the status.

3. SMS or Email Updates

Many times, investors who have been allotted shares also receive SMS alerts or email notifications. Ensure that your contact details (phone number and email address) are correctly mentioned in your application form.

4. Third-Party Websites

Several third-party platforms also allow you to check the allotment status, such as Chittorgarh, IPOnow, and MoneyControl. These platforms allow you to enter your PAN number or application number to view the allotment results.

What Happens After the Allotment Process?

Once the allotment is finalized, the allotted shares will be credited to the demat accounts of the investors. If you have received full or partial allotment, the shares will be available in your demat account.

• If you have not been allotted shares, your application money will be refunded within a few days after the allotment process is completed.
• Listing Date: After the allotment, the shares will be listed on the stock exchanges (BSE/NSE). The listing date will be announced by the company and will be one of the most anticipated days for investors.

Next Steps for Investors

• Check the Listing Date: Ensure you are aware of the exact listing date so you can track the market performance of your allocated shares.
• Monitor Stock Performance: On the day of listing, keep a close eye on the stock price, as it can fluctuate significantly based on market demand and overall sentiment.

Conclusion

The Bigshare IPO has created a buzz in the market with its promising growth potential in the financial services industry. For investors who have applied for the IPO, the allotment status is a crucial step to determine whether they will be part of the listing excitement. By following the outlined steps, investors can easily check the status of their allotment and stay updated on the next steps in the IPO journey.

Make sure to check the Bigshare IPO allotment status on the official registrar’s website or through stock exchange portals, and don’t forget to keep an eye on the listing date for exciting trading opportunities.