M&B Engineering IPO allotment date: The allotment of shares for the M&B Engineering IPO is drawing attention as both investors and market analysts await the final decisions regarding share allotment. The investors who applied for the issue can check M&B Engineering IPO allotment status on M&B Engineering IPO’s registrar portal, which is MUFG Intime India Private Limited (Link Intime India).
M&B Engineering IPO opened for subscription on Wednesday, July 30 and closed on Friday, August 1. M&B Engineering IPO subscription status on the last bidding day was 36.20 times, according to BSE data.
The retail investor segment was subscribed 32.55 times. The allocation for non-institutional investors saw a subscription rate of 38.24 times. The portion reserved for qualified institutional buyers (QIBs) was booked at 36.72 times. The employee segment experienced a subscription rate of 8.13 times.
Investors can confirm their share allocation by checking the allocation basis. This will also show the number of shares received in the IPO allotment status. If shares are not granted, the company will initiate the application procedure. The shares should be credited to the demat accounts of the designated recipients.
The initiation of the refund process will start on Tuesday, August 5 for individuals not given shares. Those allotted will receive their shares in their demat accounts tomorrow.
If you have applied for the M&B Engineering IPO, you can do a M&B Engineering IPO allotment status check on the website of the IPO registrar, which is Link Intime India Private Ltd. You can check the M&B Engineering IPO allotment status of your application below:
How to check M&B Engineering IPO allotment status on Registrar site?
Step 1
Visit https://linkintime.co.in/initial_offer/public-issues.html to access the website of the IPO registrar, MUFG Intime India Private Limited.
Step 2
Choose the IPO from the dropdown list; the name will be updated once the allocation process is completed.
Step 3
Select either the Application No., Demat Account, or PAN link to check the current status.
Step 4
Determine if the application type is ASBA or non-ASBA.
Enter the details for the option chosen in Step 2.
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