Investors who applied for the Advit Jewels IPO may receive good news today, as the share allotment is expected to be finalized on June 29.
The IPO received an overwhelming response during its three-day subscription period from June 23 to June 25, making it one of the most heavily subscribed public issues in recent times.
If you applied for the IPO, you can check your allotment status online through the registrar’s website or the stock exchanges.
Successful applicants will also receive an SMS confirming the allotment.
Advit Jewels IPO Received Massive Demand
The ₹165.16 crore mainboard IPO was subscribed 212.52 times overall.
Investors placed bids for 178.07 crore shares, while only 83.79 lakh shares were available for subscription.
The response from different investor categories was impressive:
Retail Investors: 95.11 times subscribed
Qualified Institutional Buyers (QIBs): 174.98 times subscribed
Non-Institutional Investors (NIIs): 536.32 times subscribed
The company had fixed the IPO price band at ₹130 to ₹138 per share.
The minimum application size was 100 shares, requiring an investment of ₹13,800 at the upper price band.
Small NIIs had to invest at least ₹2.07 lakh, while large NIIs required a minimum investment of ₹10.07 lakh.
How to Check Advit Jewels IPO Allotment Status
Investors can check their allotment status through any of the following three methods.
Method 1: Through Bigshare Services (Registrar)
Visit the IPO allotment page of Bigshare Services.
Select Advit Jewels Limited from the list.
Choose any one option:
PAN Number
Application Number
DP ID/Client ID
Enter the required details.
Complete the captcha verification if asked.
Click Submit to view your allotment status.
Method 2: Through the BSE Website
You can also check your allotment status on the BSE website.
Open the BSE IPO allotment page.
Select Equity as the issue type.
Choose Advit Jewels Limited.
Enter your Application Number or PAN.
Complete the captcha verification.
Click Search to see the allotment result.
Method 3: Through the NSE Website
The NSE website also allows investors to verify their IPO allotment.
Visit the NSE IPO Bid Verification page.
Click on Equity & SME IPO Bid Details.
Select Advit Jewels Limited.
Enter your Application Number and PAN.
Click Submit to check whether shares have been allotted.
What Happens After Allotment?
If shares are allotted, they will be credited to your Demat account before the listing date.
If you do not receive an allotment, the blocked application amount will be released or refunded as per the IPO schedule.
Investors who are allotted shares will also receive an SMS or email confirmation from the registrar.
