MCON Rasayan IPO: How to check the Allotment Status

MCON Rasayan IPO worth Rs. 6.84 crore, consisted entirely of a fresh issue of the said amount. There is no offer for sale component in the public issue. While the new issue brings in fresh funds into the company, it is also EPS and capital dilutive. The issue was overall subscribed 384.64 times, with the maximum subscription coming from the Retail segment, which got subscribed 453.41 times. The HNI / NII segment got subscribed 307.09 times. While bulk of the subscriptions came in on the last day, the flow was robust on all the 4 days of the SME IPO on the NSE. The fixed price for the IPO was Rs40 per share, and looking at the response, it looks like the allotment will be only on a proportionate basis to the HNI and the retail applications to the SME-IPO of MCON Rasayan Ltd.

The basis of allotment will be finalized late on Wednesday, 15th March 2023 while the refunds will be initiated on the 16th March 2023. The demat credits are expected to happen on 17th March 2023 while the listing of the stock on the NSE SME-IPO segment will happen on 20th March 2023. If you have applied for the SME IPO of MCON Rasayan, you can check your allotment status online either late on the day the basis of allotment is finalized on the next day.

You can check your allotment status on the website of the IPO registrar to the MCON Rasayan Ltd issue i.e., Link Intime India Private Limited. Here are the steps.

Checking the allotment status of MCON Rasayan 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/IPO/public-issues.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select MCON Rasayan Ltd from the drop-down box. In the case of MCON Rasayan Ltd, data access will be allowed late on 15th of March 2023 or by middle of 16th of March 2023.

• There are 4 options available to you and you will find these 4 options on the above access page itself. You can either access the allotment status based on PAN or Application Number or DPID / Client ID combination or based on the combination of the bank account / IFSC code used to apply for the IPO. You can select any one of the 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 combination of DP ID / Client ID of your demat account will be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the smart phone.
   

• The fourth and the latest option is to query based on the combination of your bank account number and IFSC number and irrespective of how many bank accounts you have, only use the bank account used for this particular IPO application. Once you click on this option, you find two boxes. First, enter your bank account number as it is. Secondly, enter the 11-character IFSC code, which is available on your cheque book. The first 4 characters of the IFSC code are alphabets and the last 7 characters are numeric. IFSC is an abbreviation for Indian Financial System Code and is unique to each account.
   

• Finally, click on the Search button

The IPO status with number of shares of MCON Rasayan Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records. This is also useful to subsequently verity with the demat credits.