How to Check Allotment Status of Sotac Pharma IPO

Sotac Pharmaceuticals IPO worth Rs. 33.30 crore, consists entirely of a fresh issue of Rs. 33.30 crore with no offer for sale component. The IPO just closed on Monday 03rd April 2023 and at the close of the third day, the issue was subscribed 1.60 times overall. The SME IPO of Sotac Pharmaceuticals Ltd got 1.00X subscription from the QIB investors, 4.04X subscription from the HNI / NII investors and about 0.91X subscription from the retail investors.

The basis of allotment will be finalized on 10th April 2023 due to the slew of holidays in between. Post the allotment finalization, the refunds to non-allottees will be initiated on the 11th April 2023. The company expects to complete the demat credits to the allottees as of 12th April 2023, while the company plans to list its IPO on the NSE on 13th April 2023. Please note that this is an NSE SME IPO and all SME IPOs are either specific to BSE or to the NSE. It trades under a separate SME segment on the NSE.

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) and by the registrars on their website. However, in the case of Sotac Pharmaceuticals Ltd, being a pure NSE SME IPO, the allotment status access will not be available on the BSE website. Hence, the only place to get the allotment status is through the registrar website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option is to directly check on the website of the registrar. The IPO registrar for Sotac Pharmaceuticals is KFIN Technologies Limited (formerly Karvy Computershare). Here is how you can check allotment status at the website of KFIN Technologies.

Checking the allotment status of Sotac Pharmaceuticals 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://ris.kfintech.com/ipostatus/

Once you click on the link above, you are taken to the onboarding page of the KFINTECH allotment status. Here you are given the choice to select 5 servers viz. Link 1, Link 2, Link 3, Link 4, and Link 5. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 5 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select. The essential access to the data base is the same.

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. Also, for simplicity, you can either choose to see all IPOs or the just recent IPOs. Choose the latter option, as that reduces the length of the list of IPOs you need to browse through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs where the allotment status has already been finalized. So, once the allotment status is finalized, you can select Sotac Pharmaceuticals Ltd from the drop-down box.

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

• Let us start with PAN query. Remember, the PAN is the permanent account number for your Income Tax and is available on your PAN Card and on your tax returns. To Query by PAN, check the appropriate box and follow these steps.

  • Enter the 10-digit PAN number (an alphanumeric code)

  • Enter the 6-digit Captcha Code to confirm you are not a robot

  • Click on Submit button

  • Allotment status gets displayed on screen
     

• Let us now turn to Application Number search. This will be available in the IPO acknowledgement issued to you. 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 and you can direct seek the data by putting the application number.

 

• To Query by Demat Account, 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

  • In the case of NSDL, the Demat account is 2 strings (DP ID and Client ID)

  • In the case of CDSL, the Demat account is just a single numeric string

  • 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. The same can be tallied with the demat account credit subsequently. In case you have any queries or are unclear about the reasons for lower allotment, you can get in touch with the registrar by email or by telephone.