The Global Health Limited IPO subscription was open from 3rd November 2022 to 7th November 2022, within which retail investors made their applications to invest in shares of the company. This IPO’s price band ranged between Rs.319 to Rs.336 per share. The minimum lot size for subscription in this IPO was 44 shares.
On the last day of subscription, the Global Health Limited IPO issue was over-subscribed 9.58 times. Global Health Limited IPO is slated to be India’s largest IPO in the hospital sector.
The allotment date of this issue is 11th November, 2022. Investors who have made an application for this IPO allotment can check their allotment status as per the steps and details given below.
What is IPO allotment?
As part of any IPO allotment process, the offer’s registrar allocates the company’s shares to bidders who have made an application for an IPO subscription. In most large-cap IPOs, this process generally takes a week from the IPO release date. For small-cap IPOs, it may take longer, especially in case the IPO subscription does not reach the threshold requirement.
Read more: Upcoming IPOs 2022
Allotment date of Global Health Ltd IPO
The allotment date for Global Health Ltd IPO is 11th November 2022. The grey market premium (GMP) of the company’s shares was about Rs. 16 on the last day of the issue.
If you have applied for the Global Health Ltd IPO and want to check the allotment status, follow the process mentioned below.
What is the process to check IPO application status?
IPO allotment status contains details, such as the total number of shares allotted to a bidder or investor. To check the status of the allotment, investors must wait until the IPO allotment date. The information is released to the public on the IPO registrar’s website post this date. IPO applicants or bidders can check their application status online through the BSE or NSE websites. An applicant can also check the status on the official registrar’s website. Investors or IPO subscription applicants can also know about the IPO allotment status through emails or SMS sent by BSE, NSE, CDSL, or NSDL.
Steps to check IPO allotment status on Fisdom app
On the Fisdom app, an investor can check the allotment status of an IPO by going to his/her Order Book once the allotment process is complete.
Read more: Is it wise to subscribe to all the IPOs being launched?
Steps to check IPO allotment status on the BSE website
Investors who have bid for the IPO can check the allotment status through the Bombay Stock Exchange (BSE) website by following the steps mentioned below:
- Go to the BSE website – https://www.bseindia.com/investors/appli_check.aspx
- Within the option of issue type, select ‘Equity’
- In the ‘issue name’ section, choose the Global Health Limited IPO from the dropbox
- Mention the application number
- Provide PAN details
- Select ‘I am not a Robot’ and click on submit to check the status
Steps to check IPO allotment status by visiting the Registrar of the issue
The Registrar of the issue for Global Health Limited IPO is KFin Technologies Limited. To check the status of allotment with the Registrar of the issue, here are the steps to be followed.
- Visit the KFin Technologies Limited IPO allotment status webpage through the following link, https://ipo.kfintech.com/signIn
- Login or signup using a valid and active mobile number.
- Select Global Health Limited IPO from the dropdown menu
- Investors can choose either their PAN Number or Application Number to check the status of the allotment.
- Click ‘Search’ to check the allotment status.
Global Health Ltd IPO key dates
The Global Health IPO will open in the first week of November 2022 for a brief period and the process will be completed by mid-November. The important dates of the IPO and listing are tabled below.
|Price Band Allotment||28th October 2022|
|Anchor Investors Allotment||2nd November 2022|
|Opening date||3rd November 2022|
|Closing Date||7th November 2022|
|Allotment date||11th November 2022|
|Refund Date||14th November 2022|
|Share Credit Date||15th November 2022|
|Listing Date||16th November 2022|
With multiple IPOs being launched in India in the last few years, these tend to attract significant media attention and interest. Many IPOs see large-scale subscriptions from both retail investors and large institutional investors. The IPO allotment status is used by market experts as an indicator of the overall investor interest levels that the company has managed to attract in the market. Companies usually share IPO calendars to keep investors informed about the chronology of IPO events. Post the IPO allotment, the company’s shares are listed on the stock exchange for trading.
IPO allotment generally takes 7 days from the IPO offer release date. This may take longer for small-cap IPOs since the subscription threshold limit may not necessarily be achieved within a short duration.
IPO allotment status of Global Health Ltd IPO will be updated on the IPO registrar’s website. Subscribers or bidders can enter their PAN number or IPO application number to check the allotment status. Allotment information is also available on the stock exchange websites and is sent to applicants via email or SMS notifications by BSE, NSE, NSDL, or CDSL.
If an investor is allotted IPO shares, he/she must receive a Confirmatory Allotment Note (CAN) within 15 days from the IPO issue closure as per SEBI guidelines. If not allotted shares, the refund has to be processed within 15 days from the issue closure date.
No, IPO allotment is not based on who applied first. It is allotted as per the response received from investors. If the IPO does not attract investor interest and remains under-subscribed, there are higher chances of allotment for those who apply. In the case of oversubscription, the IPO allotment is calculated as per the number of shares available for retail investors divided by the minimum lot size.
IPO share allotment is not guaranteed since it depends on the level of subscription and investor interest received.