IKIO Lighting IPO: How to check Allotment Status

IKIO Lighting IPO worth ₹607 crore consists of a fresh issue of ₹350 crore and an offer for sale ₹257 crore by the existing shareholders, which includes the promoters and the early investors in the company. The IPO closes on Thursday 08th June 2023 and IKIO Lighting IPO was already subscribed several times over at the close of the second day itself. The basis of allotment will be finalized on 13th June 2023 while the refunds to non-allottees will be initiated on the 14th June 2023. The company expects to complete the demat credits to the allottees as of 15th June 2023, while the company plans to list its IPO on the BSE and the NSE on 16th June 2023.

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, one option you always have to use one of these 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 IKIO Lighting Ltd on BSE website

This is a facility available to all mainboard IPOs, irrespective of who the registrar to the issue is. You can still access the allotment status on the website of BSE India as under. 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 IKIO Lighting 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. That will be after the basis of allotment is finalized, so you have to wait till then.

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 IKIO Lighting Ltd allotted into your demat account. You can save a screenshot of the output screen for your own records and the same can later be verified with your demat account credit, once the shares are credited.

Checking the allotment status of IKIO Lighting 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/

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 the other 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 output will still be 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 just recent IPOs. Choose the latter, as that reduces the length of the list of IPOs you need to search through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs, so once the allotment status is finalized, you can select IKIO Lighting 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).
   
• 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 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
  • In the case of CDSL, the Demat account is just 1 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.

Finally, a quick word on the company. IKIO Lighting Ltd is into the ODM (Original Design Manufacturer) segment; and also manufactures, and supplies products to customers. Most of the first-level customers of IKIO Lighting also further re-distribute the products under their own brands. Its products include lighting, fittings, fixtures, accessories, and components. The issue is lead managed by Motilal Oswal Investment Advisors Private Limited. KFIN Technologies (formerly Karvy Computershare Ltd) is the registrar to the issue.