Powergrid InvIT IPO Allotment Status Link

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Once an IPO closes for subscription, registrar prepares a basis of allotment in line with SEBI's guidelines. Allotment generally takes place within 1 to 3 days after issue closure.

IPO applicant in any category; QIB, NII, or Retail investor can check the allotment status on the official website of the IPO registrar. Check the Powergrid InvIT IPO allotment link below:

How to check Powergrid InvIT IPO Allotment Status?

Follow the below steps to know whether you got the APowergrid InvIT public issue IPO allotment or not;

1. Visit to the Kfin Technologies (registrar's) IPO allotment page (Link)
2. Select the issuer company name as Powergrid InvIT from the drop-down menu.
3. Now, choose to enter either your PAN number, IPO Application number, or DP client ID/Demat account number.
4. Enter details as per selected option.
5. Tap on the 'Search' option and the allotment status will be appear on the screen.
6. The screen will display shares applied by you and shares alloted to you.

Note: As registrar is respomsible for the allotment, credit of shares, and refund processes. Thus, in case of any discrepency regarding shares allocation and refunds, you can raise your query to the registrar ([email protected]).

You will also be intimated for allotment status by your bank and broker via email and SMS. A bidder can also check the allotment status by login to their Demat account with your broker.

What is a basis of Allotment?

When an IPO bidder wants to know how shares are allotted to different categories of investors, he/she must check IPO basis of allotment (BOA).

Basis of allotment (BOA) is an important document prepared by registrar to provide complete details on how many applications or bids have been received for the public issue by anchor investors, QIBs, NIIs, and Retail investors (RII) and the ratio of shares allocations. Thus the document shows the IPO demand by providng details on number of applications received along with the shares reserved across categories, and the shares allocation ratio for different categories of applicants.

The allocation ratio in the BOA specifies that how many applicants will receive one lot of shares among specified number of applicants. For instance, if the ratio is 1:10 means every 1 out of 15 IPO applicants will receive one IPO lot.