What happens after IPO allotment?

The next step after IPO allotment is the processing of refunds, crediting of shares to the Demat account of allottees and finally listing.

The registrar coordinates with banks to process refunds in case of non-allotment or partial allotment. The Registrar also instructs the depositories to credit the shares to the Demat account of the allottees and banks to debit the required amount.

Once the shares are listed on the stock exchanges, investors can either sell their shares or hold them depending on their analysis.

Schedule post IPO allotment

• Initiation of refund: Within four working days of IPO closure date.
• Credit of Shares to the allottees: Within five working days of IPO closure date.
• Listing: Within six working days of the IPO closure date.