Investors who applied for the Horizon Industrial Parks IPO can expect the allotment status to be finalised today, August 24, 2023. The initial public offering, which was open for subscription from August 17 to August 19, 2023, received a moderate response from investors, being subscribed 1.45 times overall.
How to Check Allotment Status
Once the allotment is finalised, investors can typically check their application status through two primary channels:
- Registrar's Website: The registrar for the Horizon Industrial Parks IPO is KFin Technologies Limited. Investors can visit their website and navigate to the IPO allotment status section. They will usually need to enter their PAN number, application number, or DP ID/Client ID to check their status.
- BSE Website: The Bombay Stock Exchange (BSE) also provides an online facility to check IPO allotment status. On the BSE website, under the 'Status of Issue Application' section, investors can select the issue type (equity) and the company name (Horizon Industrial Parks IPO), then enter their application number and PAN details.
What Happens Next?
For successful applicants, shares are expected to be credited to their demat accounts by August 28, 2023. Refunds for non-allotted applications are likely to be initiated around August 25, 2023. The Horizon Industrial Parks IPO is anticipated to list on the stock exchanges on August 29, 2023.
IPO Details at a Glance
The Horizon Industrial Parks IPO aimed to raise capital through its public issue. The grey market premium (GMP) for the IPO was reported at 2% prior to allotment, indicating a modest premium over the issue price in unofficial trading. This figure can fluctuate and is not an official indicator of listing performance.
Investors are advised to keep an eye on the official websites of the registrar and the stock exchanges for the most accurate and timely updates regarding their allotment status and subsequent processes.
This article is for informational purposes only and does not constitute investment advice.