Magson Retail And Distribution Limited IPO Allotment Status (Check Online)

IPO

Magson Retail And Distribution Limited IPO

NSE SME

Listed On: Jul 6, 2023 at ₹ 91.15

₹ 260000 /4000 Shares
Minimum Investment

23 Jun, 2023

Open Date

27 Jun, 2023

Close Date

03 Jul, 2023

Allotment Date

06 Jul, 2023

Listing Date

Magson Retail And Distribution Limited IPO Details

Issue Price
₹65 per equity share
Face Value
₹10 Per Equity Share
Lot Size
2000
Listing at
NSE SME
Registrar
Bigshare Services Pvt Ltd
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Allotment Overview

The allotment for the initial public offer (IPO) of Magson Retail And Distribution Limited IPO has been finalized on Jul 3, 2023 and is now available to check. Investors can check their allotment status on the issue's registrar Not Available website, IPO Ji app/website, as well as on the BSE and NSE websites.

Subscription Details

The Magson Retail And Distribution Limited IPO was open for subscription between Jun 23, 2023 - Jun 27, 2023 at a price band in the range of ₹65 per equity share.

How to Check Magson Retail And Distribution Limited IPO Allotment Status Online

You can check your IPO allotment status online on the website of the IPO registrar, IPO Ji App/Website, and BSE and NSE websites. You can check the allotment status of the Magson Retail And Distribution Limited IPO if you have applied for it.

Check on IPO Ji

Steps to Check Magson Retail And Distribution Limited IPO Allotment Status on IPO Ji App/Website:

1 Launch the IPO Ji app on your mobile device or visit ipoji.com
2 Navigate to the IPO Allotment Page directly from the home screen of the App or by clicking here (www.ipoji.com/ipo-allotment-status).
3 Create your free account by Providing your PAN and Demat details. (one-time process)
4 Choose Magson Retail And Distribution Limited IPO from the list of available IPOs.
5 Click on the Check Status button.
6 Your allotment status will be displayed on the screen.
How to Check Magson Retail And Distribution Limited IPO Allotment on NSE:
1 Go to NSE IPO Allotment.
2 Select Magson Retail And Distribution Limited IPO from the dropdown menu.
3 Enter your application number, PAN, and captcha
4 Click on "search" to see your allotment status.

Contact Information

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

Check on IPO Ji

Frequently Asked Questions

Click any question to reveal the answer

Magson Retail And Distribution Limited IPO allotment status is finalised and available now as of Jul 3, 2023. You can check your allotment result on IPO Ji App and Website.

You can check the Magson Retail And Distribution Limited IPO allotment status online using PAN, Application Number, or DP Client ID:

  • Open the Magson Retail And Distribution Limited IPO allotment status page on IPO Ji.
  • Click Allotment Status.
  • Enter your PAN, Application Number, or DP Client ID.
  • Click Search to view your result.

Sample allotment result format:

  • PAN No.: ABCTY1234D
  • Application No.: 9876543210
  • Name: Rakesh J
  • Shares Applied: 50
  • Shares Allotted: 50

There is no fixed or guaranteed expected listing price for the Magson Retail And Distribution Limited IPO. The listing price depends on overall market conditions, investor demand, and the company’s fundamentals. The grey market premium (GMP) can indicate market sentiment, but the actual listing price may be higher or lower than GMP expectations.

You can check the Magson Retail And Distribution Limited IPO allotment status on IPO Ji and on the registrar’s official website (Bigshare Services Pvt Ltd) once the allotment is published.

The allotment is expected on Jul 3, 2023.

If the Magson Retail And Distribution Limited IPO is oversubscribed in the retail category, shares are allotted to Retail Individual Investors (RII) as per the allotment rules. Typically, investors may receive a minimum of 1 lot, subject to availability in the retail portion. If there are not enough shares to allot at least 1 lot to everyone, a lottery is conducted to decide the allotment.

The Magson Retail And Distribution Limited IPO listing date is Jul 6, 2023. The equity shares are expected to list on NSE SME.

Common reasons for not getting allotment in the Magson Retail And Distribution Limited IPO include:

  • Oversubscription: If the retail category is oversubscribed, allotment is done through a lottery, so many valid applications may not get shares.
  • UPI mandate / payment issue: The UPI mandate was not approved in time, or funds were not blocked successfully.
  • Application issue: The application may be rejected due to incorrect or mismatched details (PAN, DP ID/Client ID), or duplicate applications from the same PAN.
  • Bid issue (Retail/RII): If you applied in the retail category and did not bid at the cut-off price, and your bid price was below the final issue price, your application may not be considered.

The registrar for the Magson Retail And Distribution Limited IPO is Bigshare Services Pvt Ltd.

If you don’t receive allotment in the Magson Retail And Distribution Limited IPO, the blocked amount (UPI mandate/ASBA) is usually released after the allotment is finalised. In most cases, it is unblocked within 24 hours, but it may take up to 1–2 working days depending on your bank.

If you are allotted shares, the required amount is debited from your bank account and the remaining balance (if any) is unblocked.