Cell Point IPO: How to check Allotment Status

Cell Point IPO worth ₹50.34 crore, consists entirely of a fresh issue for the said amount. There is no offer for sale (OFS) component in the IPO. As you must be aware, the fresh issue brings in fresh funds into the company but is also EPS dilutive. The OFS, on the other hand, is just a transfer of ownership and does not dilute the EPS of the company. The company has issued a total of 50,34,000 (50.34 lakh) shares at a fixed price of ₹100 per share aggregating to total issue size of ₹50.34 crore. The break-down of the offer reservation across different categories of investors is as under.

The response of Cell Point IPO was moderately positive and it was subscribed 6.03X overall at the close of bidding on 20th June 2023 with the retail segment seeing 7.92 times subscription and the non-retail portion seeing 4.11 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 20th June 2023.

The basis of allotment will be finalized on Friday, 23rd June 2023, the refunds will be initiated on 26th June 2023, demat credits will be finalized on 27th June 2023, while the stock of Cell Point (India) Ltd will get listed on the NSE SME IPO segment on 29th June 2023. The company had a pre-IPO promoter holding of 100% and post the IPO, the promoter stake in Cell Point (India) Ltd will stand reduced to 73.06%. On listing, the company will have an indicative P/E ratio of 24.1X, assumed at the IPO price of the stock.

How to check the allotment status? Since this is an NSE SME IPO, there is no facility to check on the exchange website since BSE only offers allotment status mainboard IPOs and for BSE SME IPOs, not for NSE SME IPOs. If you have applied for the IPO, you can check your allotment status on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Cell Point (India) Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below. In case you find that the link is not clickable, you can even just copy this link and paste it in your browser. It will still take you to the same page.

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. Normally, the servers of allocation status websites do tend to see lot of traffic when thousands of investors try to access at the same time. You can select any of these 3 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 output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Cell Point (India) Ltd from the dropdown box. The allotment status will be finalized on Friday, 23rd June 2023, so in this case, you can access the details on the registrar website either late on 23rd June 2023 or by middle of 24th June 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

• Firstly, you can access your allotment status with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application number exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
   
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In case of doubt, check it in your online of offline holding or demat statement sent to you by the DP. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL code is a string that is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account and it is always better to verify the details before entering them. After that you can click the Search Button for the output.
   
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. 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 Search Button.

The IPO status with number of shares of Cell Point (India) Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference and for cross checking with the actual credit into your demat account. Once again, you can verify the demat credit by the close of 29th June 2023.