MAS Services Limited, a well-known name in the field of share registrar and transfer agency, has recently launched its IPO. Investors are eagerly waiting to know their allotment status. In this article, we will tell you how you can know your allotment status and what to do next.
What is an IPO Allotment?
Whenever a company launches an IPO, the shares are distributed according to the demand and the company’s allotment policy. Given the popularity of IPOs in the last few years, most issues get oversubscribed. In such a situation, not all applicants get shares, so it becomes very important for investors to know their allotment status.
How to Check MAS Services Limited IPO Allotment Status
To check the allotment status of MAS Services Limited IPO, follow these simple steps:
Visit the Official Registrar Website: The official registrar for this IPO is MAS Services Limited itself. You can check the allotment status by visiting their website at www.masserv.com.
Go to IPO section: Find the ‘IPO Allotment Status’ section on the homepage or find the exclusive IPO allotment link for MAS Services Limited.
Enter Your Details: Provide the required information, such as:
- PAN (Permanent Account Number)
- Application Number
- Client ID or DP ID
Submit and View Status: After entering the details, click on ‘Submit.’ Your IPO allotment status will be displayed on the screen.
Alternative Ways to Check Allotment Status
If you encounter difficulties accessing the MAS Services Limited website, here are other methods:
- BSE or NSE Websites: Visit the official stock exchange websites (BSE India or NSE India) and use their allotment check tools.
- Broker Platforms: Many brokerage apps and platforms, such as Zerodha, Upstox, or Groww, also offer IPO allotment status updates.
What to Do After Checking Your Allotment Status
Allotted shares: If you are allotted shares, they will be credited to your demat account before the listing date. Keep an eye on the performance of the stock and decide whether to hold or sell the shares depending on the market situation.
Shares not allotted: If you are not allotted shares, your application money will be refunded within a few business days. Keep a track of your bank account details to confirm the refund credit.
Important Dates to Remember
- Allotment Date: Check the date specified by MAS Services Limited for allotment finalization.
- Refund Initiation: Refunds for unsuccessful applicants generally begin a day or two after allotment finalization.
- Listing Date: The shares will be listed on stock exchanges soon after the allotment process concludes.
Why Check Your IPO Allotment Status Promptly?
Timely tracking of your IPO allotment status is essential to:
- Plan your finances effectively.
- Make informed decisions regarding the shares allotted.
- Stay updated on refund timelines if shares aren’t allotted.