Sula Vineyards IPO: How to check the Allotment Status

Sula Vineyards IPO worth Rs. 960.35 crore, consisted entirely of an offer for sale (OFS) of the said amount by the existing shareholders. That included the promoters and the early investors in the company. The IPO just closed on Monday 14th December 2022 and at the close of the third day, the issue was subscribed 2.33 times overall. The basis of allotment will be finalized on Monday, 19th December 2022 while the refunds to non-allottees will be initiated on the 20th December 2022. The company expects to complete the demat credits to the allottees as of 21st December 2022, while the company plans to list its IPO on the BSE and the NSE on 22nd December 2022.

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) and by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, investors always have the choice of using one of these two options. That means; you can either check your allotment status on the BSE website or the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). Here are the steps.

Checking the allotment status of Sula Vineyards 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 Sula Vineyards Ltd from the drop down box

• Enter the Application Number exactly as in the acknowledge slip

• Enter the PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verity 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. There is one more point to note. Even if the company appears in the dropdown, the allotment status will only be available for you to check after the basis of allotment is finalized.

To complete your checking process, once you click on the SUBMIT button, the allotment status will be displayed on the screen in front of you informing about the number of shares of Sula Vineyards Ltd allotted into your demat account. It is always advisable to take a screenshot of the allotment status page for your future records.

Checking the allotment status of Sula Vineyards Ltd on KFIN Technologies Ltd (Registrar to IPO)

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

https://rti.kfintech.com/ipostatus/

A small thing to remember here. Unlike on the BSE website, where the names of all IPOs are there on the drop down menu, the registrar will only provide of the IPOs managed by them and where the allotment status is already finalized.

Once you click on Recent IPOs, the dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Sula Vineyards Ltd from the drop down box.

• There are 3 options. You can either Query the allotment status based on PAN, Application Number or DPID-Client ID combination.
   

• To Query by PAN, check the appropriate box and follow these steps.

  • Enter the 10-digit PAN number

  • Enter the 6-digit Captcha Code

  • Click on Submit button

  • Allotment status gets displayed on screen
     

• To Query by Application Number, check the appropriate box and follow these steps.

  • Enter the Application Number as it is

  • Enter the 6-digit Captcha Code

  • Click on Submit button

  • Allotment Status gets displayed on screen

In the past, the first step was to select Application Type (ASBA or Non-ASBA) before inputting your application number. Now, that step has been done away with.

 

• To Query by DP-ID, check the appropriate box and follow these steps.

  • Select the depository (NSDL / CDSL)

  • Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)

  • Enter the Client-ID

  • Enter the 6-digit Captcha Code

  • Click on Submit button

  • Allotment Status gets displayed on screen

It is always advisable to retain a saved screenshot of the allotment status output for future reference.