Chetana Education IPO Allotment Status

How to check Chetana Education IPO Allotment Status

How to check the allotment status in this case? Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status directly on the website of the IPO registrar, Link Intime India Private Ltd Private Limited. Here are the steps that you need to follow to check allotment status.

Chetna Education IPO Allotment Date : 29 July 2024

How to check Education IPO Allotment Status on Link Intime India

Visit the Link Intime India Private Ltd Private Limited (IPO registrar to Chetana Education Limited website for IPO status by clicking on the link below:

https://www.linkintime.co.in/IPO/public-issues.html

There are three things to remember. Firstly, you can just click on the hyperlink given above and directly go to the allotment status checking page. The second option, in case you cannot click on the link, is to copy the link and paste in your web browser. Thirdly, there is also a way to access this page via the home page of Link Intime India Private Ltd by clicking on the “Allotment Status” link displayed prominently on the home page. It all works the same.

This dropdown will show the active IPOs and the IPOs the registrar manages but is not yet active. However, you can access the online allotment status only after the allotment status is finalized for Chetana Education Limited. At that point, you can go and select the company Chetana Education Limited from the drop-down box. The allotment status will be finalized on July 29, 2024, so in this case, you can access the details on the registrar website either late on July 29, 2024 or by middle of July 30, 2024. Once the company is selected from the dropdown box, you have 3 methods to check Chetana Education IPO allotment status.

· Firstly, you can query for the application status based on your mapped Income Tax PAN number. Once you select PAN (permanent account number) radio button, enter your 10-digit PAN number, which is an alphanumeric code. The first 5 characters are alphabets, sixth to ninth characters are numerical while the last character is once again an alphabet. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Submit Button.

· Secondly, you can query for the application status based on your Application Number / CAF Number. Once you select Application Number (radio button) from the dropdown menu, enter your application number as it is given in the CAF acknowledgement given to you. Double check to ensure that you are entering the right application number. Once the application number is entered and verified, ensure to click the Submit Button to get the allotment status output.

· Thirdly, you can also search by Beneficiary ID of your demat account. You have to then enter the combination of the DP id and the Client id as one single string. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. Just enter the combination of DP id and customer id as it is. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Submit Button in both cases.

You can follow any of the options above. The IPO status with number of shares of Chetana Education Limited allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of July 30, 2024 or after that. These shares would be credited to your demat account under.

It must be noted here that, in the past, Link Intime India Private Ltd (the registrar to the issue) had briefly discontinued offering the allotment status based on application number / CAF number. That has now been commenced again and applicants in the IPO can now also query by application number / CAF; apart from the PAN number and the Demat account details. The investor can choose the facility that is most convenient to them.

In case you have any issues with the output or any complaint, you can reach out to Link Intime India Private Ltd (registrars to the issue) by email of phone. You can send an email with your complaint details to ipo.helpdesk@linkintime.co.in or you can also call +91-22-4918 6270 and explain the issue after appropriately authenticating yourself.

How Allocation Quota and Subscription Impact Basis of Allotment

Here is a quick look at how the allocation was made across different categories of investors. This is the first factor that impacts the investor’s chances of allotment in the IPO.

Data Source: Company RHP

The Chetana IPO offers a total of 5,400,000 equity shares, amounting to Rs 45.90 crores. The allocation of shares is distributed across different investor categories, with 1,795,200 shares (33.24%) reserved for retail investors, 1,025,600 shares (18.99%) for qualified institutional buyers (QIB), and 769,600 shares (14.25%) for non-institutional investors (NII). Additionally, 1,536,000 shares (28.44%) are allocated to anchor investors, and 273,600 shares (5.07%) are set aside for the market maker.

Chetana Education IPO Subscription Status

Chetana IPO was subscribed 196.49 times overall by July 26, 2024, 5:37 PM. The retail category was subscribed 134.37 times, the QIB category 101.22 times, and the NII category 468.35 times. Anchor investors and market makers each subscribed for their full allotment of 1 time. In total, 35.90 lakh shares were offered, with bids received for 705.48 lakh shares, amounting to ₹5,996.55 crores.

Data Source: NSE

Chetana IPO subscribed 196.49 times. The public issue subscribed 134.37 times in the retail category, 101.22 times in QIB, and 468.35 times in the NII category by July 26, 2024 5:37:59 PM.
The oversubscription numbers are exclusive of the market maker portion, which is intended to provide liquidity with low bid-ask spreads for the investors and it is also exclusive of the anchor allocation portion to give a proper picture of the extent of oversubscription of the public portion of the IPO. The subscription numbers are very strong, which would logically reduce chances of getting an allotment.

About Chetana Education IPO

The Chetana IPO is a book built issue amounting to Rs 45.90 crores, entirely consisting of a fresh issue of 54 lakh shares. The IPO is open for subscription from July 24, 2024, and closes today, July 26, 2024. The allotment is expected to be finalized on Monday, July 29, 2024, with the listing on the NSE SME anticipated for Wednesday, July 31, 2024. The price band is set between ₹80 to ₹85 per share, with a minimum lot size of 1600 shares, requiring a minimum investment of ₹136,000 for retail investors. For HNIs, the minimum lot size investment is 2 lots (3200 shares), amounting to ₹272,000. Hem Securities Limited is the book running lead manager, Link Intime India Private Ltd is the registrar, and Hem Finlease serves as the market maker for this IPO.

Next steps after the closure of the IPO of Chetana Education Limited

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been fairly strong in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.