Bikaji Foods IPO - How to check Bikaji Foods IPO allotment status

Bikaji Foods International IPO worth Rs.881.22 crore, consisted entirely of an offer for sale (OFS) of the said amount. There is no fresh issue component in the IPO so there is no fresh funds coming into the company and also there is no dilution of equity in this case. The issue was overall subscribed 26.67 times, with the maximum subscription coming from the QIB segment, which got subscribed over 80 times. While the HNI / NII segment got subscribed about 7.10 times, the retail portion got subscribed 4.77 times. Most of the QIB subscriptions came in on the last day of the IPO, which is the norm. The price band for the IPO was Rs285 to Rs300, and looking at the response, it looks fairly likely that the price discovery would eventually happen at the upper end of the price band.

The basis of allotment will be finalized late on Friday, 11th November 2022. The demat credits are expected to happen on 15th November 2022 while the listing of the stock on the NSE and the BSE will happen on 16th November 2022. In between 08th November happens to be a trading and banking holiday, so the basis of allotment is back by a day. If you have applied for the IPO, you can check your allotment status online. 
You can either check your allotment status on the BSE website or the IPO registrar, Link Intime India Private Limited. Here are the steps.

Checking the allotment status of Bikaji Foods International 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 Bikaji Foods International Ltd from the drop down box
    • Enter the Application Number exactly as in the acknowledgement slip
    • Enter the PAN (10-digit alphanumeric) number
    • Once this is done, you need to click on the Captcha to verify 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.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Bikaji Foods International Ltd allotted into your demat account.

Checking the allotment status of Bikaji Foods International Ltd on Link Intime India Private Limited (Registrar to the IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Bikaji Foods International Ltd from the drop down box. In the case of Bikaji Foods International Ltd, data access will be allowed late on 11th of November or by middle of 12th of November. 

    • There are 3 options available to  you. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination. You can select any one options that is preferred and provide the details accordingly.

    • If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.

    • The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.

    • The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This number would be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the mobile smart phone.

    • Finally, click on the Search button

The IPO status with number of shares of Bikaji Foods International Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records.

Read: Bikaji Foods International IPO GMP