Inox Green Energy IPO - How to check Inox Green Energy IPO allotment status

Inox Green Energy IPO, worth Rs.740 crore, consisted of a fresh issue of Rs370 crore and an offer for sale of an equivalent amount of Rs370 crore. While the fresh issue will bring in funds into the company, it will also be equity and EPS dilutive. On the other hand, the OFS is just a transfer of ownership so it is neither EPS dilutive nor equity dilutive, but also does not infuse any fresh funds into the company. The issue was overall subscribed 1.55 times, with the maximum subscription coming from the Retail segment, which got subscribed 4.70 times. While the HNI / NII segment got subscribed only to the extent of 47% of the quota, the QIB portion just about got subscribed 1.05 times. Most of the QIB subscriptions came in on the last day of the IPO, which is the norm. The price band for the IPO was Rs61 to Rs65, and looking at the response, it remains to be seen what the company eventually decides on the pricing of IPO.

The basis of allotment will be finalized late on Friday, 11th November 2022. The demat credits are expected to happen on 18th November 2022 while the listing of the stock on the NSE and the BSE will happen on 23rd November 2022. If you have applied for the IPO, you can check your allotment status online.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime India Private Limited. Here are the steps.

Checking the allotment status of Inox Green Energy Services Ltd on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option

• Under Issue Name – Select Inox Green Energy Services Ltd from the drop down box

• Enter the Application Number exactly as in the acknowledgement slip

• Enter the PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify that you are not a robot

• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Inox Green Energy Services Ltd allotted into your demat account. It is always to take a screenshot of the output screen for future records and reference.

Checking the allotment status of Inox Green Energy Services Ltd on Link Intime India Private Limited (Registrar to the IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Inox Green Energy Services Ltd from the drop down box. In the case of Inox Green Energy Services Ltd, data access will be allowed late on 18th of November or by middle of 19th of November.

• There are 3 options available to you. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination. You can select any one options that is preferred and provide the details accordingly.
   

• If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
   

• The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
   

• The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This number would be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the mobile smart phone.
   

• Finally, click on the Search button

The IPO status with number of shares of Inox Green Energy Services Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records.