Narayani Steels IPO Allotment Status Online

Sorry. The tentative date of allotment for Narayani Steels IPO is not available at this time.

Below are the steps to check Narayani Steels IPO allotment status online:

• Visit the Narayani Steels IPO allotment status page.
• Click on the green Narayani Steels IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Narayani Steels IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Narayani Steels IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Narayani Steels IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Narayani Steels IPO allotment status is expected on . Click the green button Narayani Steels IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Narayani Steels IPO oversubscribed in the retail category, the Narayani Steels IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Narayani Steels IPO shares will get listed on Wednesday, September 14, 2016. The equity share of Narayani Steels Ltd will list on BSE SME.

The reason you didn't get the Narayani Steels IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).

The Narayani Steels IPO will open for bidding on Sep 1, 2016. The IPO application closes on Sep 6, 2016.