When company declare allotment of IPO?
When the company will be listed on the stock exchange and start trading.
Find out here what is Exchange process for IPO.
Allotment of Securities
As
per the Listing Agreement, a company is required to complete the
allotment of securities offered to the public within 30 days of the date
of closure of the subscription list and approach the Designated Stock
Exchange for approval of the basis of allotment.
In case of Book Building issues, allotment shall be made not later than 15 days from the closure of the issue, failing which interest at the rate of 15% shall be paid to the investors.
In case of Book Building issues, allotment shall be made not later than 15 days from the closure of the issue, failing which interest at the rate of 15% shall be paid to the investors.
As
per SEBI Guidelines, an issuer company should complete the formalities
for trading at all the stock exchanges where the securities are to be
listed within 7 working days of finalization of the basis of allotment.
Source : BSE
MCX IPO Details
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MCX IPO Details
MCX IPO Gray Market Premium & Subscription Details
MCX IPO Retail Investor Application Size Table
If you found this post helpful, click one of the "like" buttons
In case of Book Building issues, allotment shall be made not later than 15 days from the closure of the issue, failing which interest at the rate of 15% shall be paid to the investors.
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