How to check Equitas Holdings IPO Allotment Status?
Equitas Holdings got oversubscribed by 17 times recently. I just got Equitas Holdings IPO allotment message on my iphone few minutes back. If you have already received message debiting funds from your account, Equitas Holdings IPO allotment of shares are done to you. If not you can follow the below process. How to check Equitas Holding IPO allotment status? If these shares are allotted to you, but gets listed below issue price, what should you do? Does it give good listing gains?
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Equitas Holdings – IPO Allotment Status
Karvy is updating this list and you would soon see the Equitas name in drop down box.
- Visit Karisma link of Karvy for IPO allotment here.
- Select Equitas Holdings IPO from drop down box.
- Select PAN no or DP Client ID or application no.
- Enter PAN no or DP Client ID or application no.
- Fill captcha
- Submit
- You would know the status of Equitas IPO shares allotment
Listing of Equitas Holdings IPO can happen in next 3 to 7 working days
About Equitas Holdings IPO
Chennai based, Equitas Holdings IPO opened for subscription on 5th April, 2016 and closed on 7th April, 2016. Equitas Holdings Ltd is a diversified financial services provider focused on individuals and micro and small enterprises (MSEs). The company posted revenue growth of over 33% CAGR in last 5 years. There were several positive factors in Equitas Holdings IPO. The upper price band of issue price was Rs 110 and it was oversubscribed by 17 times indicating strong sentiment over this IPO.
Company shown strong revenue growth in last 5 years. Good margins of around 15% made this IPO attractive. It got Small Finance Bank (SFB) licence, its set-up may take time and its benefits would be seen in coming years. Considering all the above factors, I have recommended investors to invest in this IPO. However, one should note that recent IPO’s are listed at below issue price, hence on listing day it may test and can list below issue price too. My view is you should be willing to hold such shares for 3 to 5 years in case the shares of such IPO’s are listed below its issue price. If you are able to get listing gains, its party time.
Complete review about Equitas IPO can be read here.
Disclaimer: I just got one lot of allotment though I applied for higher number. If I get good listing gains, I would book profits, else would hold it for 3 to 5 years.
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Suresh
Equitas Holdings – IPO Allotment Status
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Thanks for the informative article. However I saw that ICICIDirect does not list these IPOs for sale. Any recommendation, I am missing some of the good IPOs since I am relying only on ICICIDirect.
Regards
I purchased them on ICICIdirect only Raj. I got one lot and sold them at 30% profit too 🙂
Oh… Feeing jealous. Missed on the profit.
Would you recommend karvy.com for brokerage services?
Thanks Suresh.
One advice .. You have so many great articles why don’t you get a good WordPress theme and make it more attractive. Plus you can write your own ebook and sale it to your subscribers.
Let me know I can help you out with that.
Hi Suresh, is it good to buy shares of Equitas holdings now? What is your opinion?
Hi Suresh, Difficult question. It was good earlier, but now it is 30% higher. We need to see investors sentitment before buying it
Applied 1755 shares. As retail portion Over subscribed by 1.4% , expeting allotment of 1200 to 1300 shares, but nothing was alloted. What is the allotment process? Is their any watchdog like SEBI ?
Santosh, Generally when IPO is oversubscribed, companies would take views from stock exchanges on allotment.
If someone had applied 1755 shares, and the retail o/s was 1.4 times, then the number of shares allotted would be 1250.
I got just 135 shares even though I applied for 1755 shares.
Suresh did not reply to my query. But I expected at least 405 shares after applying for 1755 shares. I have asked SEBI to enquire into this allotment as I was totally disappointed.
Hi Srinivas, It was oversubscribed, however companies would take advice from stock exchanges and do allotment based on that
Thanks for your valuable advice.
has the allotment completed i had applied for 6 lots but not alloted any shares
Adi, allotment is completed
I had applied for 10 lots but got allocation of only 1 lot!!!! How is it possible when the retail portion of Equitas was subscribed only 1.5 times? I smell something fishy here and going to write an email to the registrar of the issue. Do you know the allotment basis?
My experience with karvy is very bad … Hardly I get allotment …. Is it due to that fact I just applied for one lot ?
Suresh, Do you think that some mischief has taken place as I had applied for full(1755 shares) and got just 135 shares allotment. Retail was o/s 1.4 times. Don’t you think I should have got more than 1 lot. If subscription is 1 time, then all that we applied should have been given; but given 1.4 times o/s, don’t you feel that allotments should have been better. It is not o/s 15 or 20 times to say that we will get just 1 lot of 135 shares. Something does not add up well in EQUITAS IPO.
karishma site not opened
open with error occured
It is very much working Paresh
The drop down of Karvy does not have Equitas as option, how/where did u see it ?
It is availbale now Khushwinder
Equitus holding not showing in the dropdown
It is availbale now
In given link i can not see equitas holdings
It is availbale now
No option of Equitas yet
It is availbale now