How to check IRFC IPO Allotment Status Online: All you need to know in one place

IRFC IPO Allotment Status Online: The Indian Railways Finance Corporation (IRFC) IPO allotment status will become known to applicants today. The registrar of the IRFC IPO — KFin Technologies Private Limited, which will manage share allocation and refund — has announced on its website that IRFC IPO allotment status will become available to its IPO bidders on 25th. Those who have applied for the IRFC IPO can check their allotment status at BSE and NSE websites.

How to check IRFC IPO Allotment Status online
 
IRFC IPO bidders can visit the BSE and NSE websites to check their IRFC IPO allotment status. Exchange will also provide IPO allotment information as provided by the registrar to the initial public offer. To avail this facility, bidders have to register one time by providing their PAN details. The user shall be able to view the details of the bids entered against the registered PAN number.

After registration, the IRFC IPO bidder will receive an email notification from the NSE on the registered email address providing the login details.

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IRFC IPO listing date

According to the exchange, IRFC IPO share allotment process will take six working days from the issue closing date. The IRFC IPO opened for bidders on 18th January 2021 and closed on 20th January 2021.

After finalisation, credit of IRFC shares will begin from 28th January 2021. The IRFC IPO listing is scheduled for 29th January 2021 and IRFC shares will be listed on both BSE and NSE exchange. For those IRFC IPO bidders, who failed to get the IPO allotted, their refund process will begun from 27th January 2021.

The Rs 4,633 crore worth IRFC IPO was oversubscribed 3.49 in the retail category. It will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion.

If enough shares are not available, a lottery is drawn to choose the investors. In the case of IRFC IPO allotment, a lottery will be drawn to choose the investors in the retail category as it is oversubscribed 3.49 times.