Credo Brands allotment to be finalised soon; here’s how to check the allotment status

livemint.com:

Credo Brands IPO Allotment: Credo Brands Marketing's initial public offering (IPO) witnessed robust investor participation throughout the three-day bidding period from December 19 to 21, with an oversubscription of 51.85 times. The IPO garnered an exceptional response across all investor categories, notably with the Qualified Institutional Buyer (QIB) portion oversubscribed by 105 times. The allotment for Credo Brands IPO is expected to be finalized soon.

Investors can check their allotment status on the registrar's website, Link Intime India Private Ltd, as well as on the BSE and NSE. Credo Brands is a Main Board IPO, and its shares are set to be listed on both BSE and NSE, with a tentative listing date scheduled for December 27. Also Read: Sahara Maritime IPO allotment finalised; here are steps to check status on BSE, registrar's website Given the oversubscription in the retail category, the allocation of shares to Retail Individual Investors (RII) will be done on a proportionate basis.

For those investors who did not receive an allotment, Credo Brands will initiate the refund process of the application money on December 26. Concurrently, investors who were allotted shares will see them credited to their demat accounts on the same day following the refund. Credo Brands Marketing IPO has reserved not more than 50 per cent of the shares in the public issue for QIB, not less than 15 per cent for NIIs, and not less than 35 per cent of the offer is reserved for retail investors.