The Nazara Technologies Limited Initial Public Offering (IPO) was a significant event in the Indian stock market, attracting considerable interest from investors. For those who applied for the IPO, the next crucial step is to check the allotment status. This process confirms whether you have been allocated shares and, if so, how many. Understanding how to check your Nazara Tech IPO allotment status is essential for managing your investments effectively. Understanding IPO Allotment An IPO allotment is the process by which shares of a company going public are distributed among the investors who applied for them. In cases where the IPO is oversubscribed (meaning more applications are received than the number of shares offered), a lottery system or a pro-rata basis is used for allotment. For retail individual investors (RIIs), a certain percentage of shares is reserved, and allotment is typically done through a draw of lots if the issue is heavily oversubscribed. Why Checking Allotment Status is Important Checking your IPO allotment status serves several purposes: Confirmation of Allocation: It confirms whether you have received any shares. Number of Shares: It tells you the exact number of shares allocated to you. Refund Processing: If you did not get an allotment, it indicates that your application money will be refunded. If you received a partial allotment, the remaining amount will be refunded. Trading Decisions: Knowing your allotment status helps you decide your trading strategy for the day of listing. When to Check the Allotment Status The allotment process usually takes place a few days after the IPO closes. The exact dates for allotment, refund initiation, and share listing are announced by the company and the book running lead managers. Typically, the allotment happens within 5 to 7 working days of the IPO closing. You can usually start checking the status from the day of allotment itself. Methods to Check Nazara Tech IPO Allotment Status There are primarily two common methods to check your IPO allotment status: 1. Through the Registrar and Transfer Agent (RTA) Website The company appoints a Registrar and Transfer Agent (RTA) to manage the IPO application and allotment process. For Nazara Technologies, the RTA was Link Intime India Private Limited . The RTA's website provides a dedicated portal for checking IPO allotment status. Steps to check via RTA website: Visit the official website of the RTA (Link Intime India Private Limited). Navigate to the IPO allotment status section. Select the IPO name: "Nazara Technologies Limited". Enter your Application Number (this is a unique number generated when you applied for the IPO). Enter your PAN (Permanent Account Number). Enter the Captcha code as displayed. Click on the "Search" or "Submit" button. Your allotment status will be displayed, indicating whether you have been allotted shares and the number of shares allotted. 2. Through the Stock Exchange Websites (BSE/NSE) You can also check the allotment status directly through the websites of the stock exchanges where the company is listed, namely the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Steps to check via BSE website: Visit the BSE India website. Go to the "Invest" section and select "BSE IPO". Find the "Check IPO Allotment Status" link. Select the IPO name: "Nazara Technologies Limited". Enter your Application Number. Enter your PAN. Click on "Submit". Steps to check via NSE website: Visit the NSE India website. Navigate to the "Corporate Information" or "IPO" section. Look for the IPO allotment status link. Select the IPO name: "Nazara Technologies Limited". Enter your Application Number. Enter your PAN. Click on "Submit". Note: The exact navigation path on stock exchange websites might change over time. It's advisable to look for the IPO section or allotment status checker. What Information is Needed? To check your Nazara Tech IPO allotment status, you will typically need the following information: Application Number: This is the most crucial piece of information. It is provided by your broker or the platform through which you applied for the IPO. PAN (Permanent Account Number): Your 10-digit PAN is usually required for verification. DP ID and Client ID (sometimes): Some platforms might ask for your Demat account details (DP ID and Client ID) if you applied through a specific broker's portal. Understanding the Allotment Status Results When you check your status, you might see one of the following outcomes: "Allotted": This means you have successfully received shares in the IPO. The status will usually specify the number of shares allotted. "Not Allotted": This means you have not received any shares in the IPO. Your application money will be refunded. "Pending": In some rare cases, the status might be pending if the RTA or stock exchange is still processing the data. What Happens After Allotment? If Allotted Shares: Demat Credit: The allotted shares will be credited to your Demat account on or before the listing date. Payment: If you applied through ASBA (Application Supported by Blocked Amount), the amount for the allotted shares will be debited from your bank account. If you applied through non-ASBA, you would have already paid the full amount, and the refund for unallotted shares will be processed. Listing: The shares will be listed and available for trading on the stock exchanges (BSE and NSE) on the designated listing date. If Not Allotted Shares: Refund: The entire application money will be refunded to your bank account within a few days of the allotment date. The timeline for refunds is usually within 3 to 4 working days. Key Dates for Nazara Tech IPO (Note: These dates are indicative and based on the IPO period. Always refer to the official Red Herring Prospectus (RHP) or announcements for exact dates.) IPO Opening Date: March 17, 2021 IPO Closing Date: March 19, 2021 Basis of Allotment Date: March 24, 2021 Initiation of Refunds: March 25, 2021 Credit of Shares to Demat Account: March 29, 2021 Listing Date: March 30, 2021 Eligibility for Checking Allotment Status Anyone who applied for the Nazara Technologies IPO is eligible to check the allotment status. This includes: Retail Individual Investors (RIIs) High Net-worth Individuals (HNIs) Qualified Institutional Buyers (QIBs) - though their allotment process differs. The primary requirement is having the correct Application Number and PAN details. Documents Required No specific documents are required to check the allotment status online. However, you must have: Application Number: The unique number generated during the IPO application. PAN Card: Your Permanent Account Number for verification. Demat Account Details (Optional): Sometimes needed if checking via a broker's platform. Charges and Fees There are no charges or fees associated with checking your IPO allotment status through the RTA or stock exchange websites. However, if you are allotted shares, your stockbroker may charge a nominal fee for executing the trade upon listing, or for managing your Demat account. Interest Rates Interest rates are not directly applicable to checking IPO allotment status. However, if you applied using ASBA, your funds were blocked in your savings or current account, and you would have earned the standard interest rate on those funds until the debit occurred. For non-ASBA applications, funds were debited upfront. Benefits of Checking Status Promptly Timely Action: Allows you to take timely action, whether it's preparing for the listing or understanding refund timelines. Reduced Anxiety: Knowing your status can alleviate the anxiety associated with waiting for allotment results. Financial Planning: Helps in planning your finances, especially if you need to arrange funds for the allotted shares or if you anticipate a refund. Risks Associated with IPO Investing While checking allotment status is straightforward, investing in IPOs carries inherent risks: Market Volatility: Share prices can fluctuate significantly on listing day and thereafter due to market sentiment and company performance. Oversubscription Risk: High oversubscription doesn't guarantee listing gains. Company Performance: The long-term performance of the company depends on its business fundamentals, management, and industry conditions. Regulatory Changes:
In summary, compare options carefully and choose based on your eligibility, total cost, and long-term financial goals.