The MTAR IPO issue had a price band of Rs 574-575 per share and will be open for subscription during March 3-5, 2021. The minimum lot size is 26 shares.
Here’s how you can check the allotment status :
There are three primary ways to check the status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section.
Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to the MTAR IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.
Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized.
KFintech Private Limited is the registrar for the IPO. JM Financial and IIFL Securities are the book running lead managers to the public issue.
Check Allotment Status on Kfintech Private Ltd
Step 1 – Go to link – https://www.bseindia.com/investors/appli_check.aspx
Step 2 – Select Equity
Step 3 – Select Issue Name (MTAR Technologies IPO)
Step 4- Enter Application Number as well as PAN
Step 5 – Click on search button to know the MTAR Technologies IPO Share Allotment Subscription Status
We have discussed the steps to know about MTAR Technologies allotment.
After applying for an IPO, the required amount is blocked for use from your account. Hence the money is still showing in your balance but is blocked for use.
If MTAR Technologies is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares. It is possible that few investors do not get any shares at all, in case of over-subscription.
If you don’t get the allotment in MTAR Technologies IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
MTAR Tech shares will get listed on BSE and NSE on March 16, 2021.(TENTATIVE)