As per SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2009 the Basis of Allotment should be completed with 8 days from the issue
close date. As soon as the basis of allotment is completed, within 2 working
days the details of credit to demat account / allotment advice and despatch
of refund order needs to be completed. So an investor should know in about
11 days time from the closure of issue, whether shares are allotted to him
or not.
2009 the Basis of Allotment should be completed with 8 days from the issue
close date. As soon as the basis of allotment is completed, within 2 working
days the details of credit to demat account / allotment advice and despatch
of refund order needs to be completed. So an investor should know in about
11 days time from the closure of issue, whether shares are allotted to him
or not.
