The Paramatrix Technologies IPO has garnered significant attention from investors, leading to an oversubscription of 9.21 times. With the allotment status being finalized on September 2, 2024, investors are eager to know whether they’ve secured shares. This blog will guide you through the process of checking the allotment status, the key dates to remember, and everything else you need to know.
Key Dates for Paramatrix Technologies IPO
To help you keep track, here’s a summary of the important dates:
| Event | Date |
|---|---|
| Allotment Finalization Date | September 2, 2024 |
| Refund Initiation Date | September 3, 2024 |
| Credit of Shares to Demat Account | September 3, 2024 |
| IPO Listing Date | September 4, 2024 |
How to Check Paramatrix Technologies IPO Allotment Status
Knowing how to check your allotment status is crucial. There are three primary ways to do this: via the registrar’s website, your Demat account, or your bank account.
#Step 1: Check on the Bigshare Website
The Bigshare Services website is the registrar for this IPO. Here’s how you can check your allotment status:
- Visit the Bigshare IPO Allotment Page.
- Select Paramatrix Technologies from the drop-down menu.
- Choose one of the options: PAN Number, Application Number, or DP ID.
- Enter the relevant details and click Search.
- Your allotment status will appear on the screen.
#Step 2: Check in Your Demat Account
Another way to confirm if you received the shares is by logging into your Demat or trading account.
- Contact your broker or log in to your account.
- Check if the Paramatrix Technologies shares are credited.
- If shares are credited, you’ve successfully received the allotment.
#Step 3: Check in Your Bank Account
Your bank account can also show if you’ve received the allotment.
- Log in to your bank account that you used for the IPO application.
- Check your balance.
- If the amount is debited, you’ve likely received the allotment. If the amount is released, you did not receive the allotment.
Understanding the Basis of Allotment
The basis of allotment is based on how much the IPO was oversubscribed. For Paramatrix Technologies, the retail category was oversubscribed 11.86 times, which means the basis of allotment is around 1:11. This ratio means that for every 11 applicants, only one will receive the allotment.
Why Was Paramatrix Technologies IPO So Popular?
Paramatrix Technologies aims to raise ₹33.84 Crores through this IPO, with a price band set at ₹110 per equity share. The company’s growth potential and strategic market positioning attracted significant interest, leading to high demand, especially from retail investors.
FAQs on Paramatrix Technologies IPO Allotment
1. When is the Paramatrix Technologies IPO Allotment Date?
The allotment status will be available on September 2, 2024.
2. How can I check my allotment status?
You can check it through the Bigshare website, your Demat account, or your bank account.
3. What happens if I don’t get the allotment?
If you don’t get the allotment, the amount will be refunded to your bank account by September 3, 2024.
4. What is the expected listing date for Paramatrix Technologies IPO?
The shares are expected to be listed on the NSE on September 4, 2024.
5. What does the 1:11 basis of allotment mean?
It means that for every 11 applicants, only one will receive the allotment.
Internal Links
To stay updated with similar information, you can visit the following pages on our website:
- IPO Allotment Status for the latest updates.
- IPO GMP for checking the grey market premium.
- Upcoming IPOs to see future investment opportunities.
- SME IPO for small and medium enterprises’ IPOs.
Conclusion
The Paramatrix Technologies IPO has been highly anticipated, and with the allotment finalization on September 2, 2024, investors are keen to know their status. By following the steps outlined above, you can easily check if you’ve received an allotment. If not, the refund process will begin shortly, and you can explore other upcoming IPO opportunities.
Disclaimer
Investments in the Stock Market are subject to market risks. Read all scheme-related documents carefully before investing. All the information provided on our IPO Portal is for educational purposes only. We do not claim any facts and figures mentioned here. We are not SEBI Registered.
