How to check Hyundai IPO Share Allotment Online?

October 19, 2024 – The much-anticipated Hyundai IPO (Initial Public Offering) share allotment is here. Investors who participated are eagerly waiting to find out if they received a share allocation. Checking the status of your Hyundai IPO allotment is a simple process, but it’s important to follow the right steps. Here’s a guide on how you can check the allotment results and find out if you’ve been lucky enough to get a piece of the popular IPO.

This article will walk you through the process using various methods. Whether you are checking through the official stock exchange website, via your Demat account, or using your broker’s platform, we’ve got you covered.

Why is the Hyundai IPO So Popular?

Hyundai is a globally recognized brand, and its entry into the IPO market has drawn significant attention. Due to its strong brand image, innovative technologies, and extensive global presence, the company is expected to perform well on the stock exchange. With the massive demand for shares, many investors are hopeful of a profitable return.

Now that the Hyundai IPO has closed its subscription process, the next step for investors is the share allotment. If you applied for shares, here’s how you can check the status of your Hyundai IPO allotment.

When is the Hyundai IPO Allotment Date?

According to the schedule,the Hyundai IPO share allotment will be finalized onOctober 24, 2024. Once the allotment is completed, investors can check their status to see if they’ve been allocated shares.

Methods to Check Hyundai IPO Share Allotment

There are several ways you can check the Hyundai IPO allotment status. We will walk you through each of these methods.

1. Check Hyundai IPO Allotment Status on the BSE Website

One of the easiest and most common ways to check your IPO allotment status is through the BSE (Bombay Stock Exchange) website. Follow these simple steps:

• Visit the official BSE website: https://www.bseindia.com
• On the homepage, look for the IPO Allotment Status option.
• From the dropdown menu, select Equity.
• Enter the Hyundai IPO in the issue name.
• Provide your Application Number or PAN (Permanent Account Number).
• Verify yourself by entering the Captcha Code.
• Click on Search.

Once you click search, you will be able to view whether or not your application has been successful.

2. Check Allotment on the NSE Website

Another method to check your IPO allotment status is through the NSE (National Stock Exchange) website. Here are the steps:

• Visit the official NSE website: https://www.nseindia.com
• On the homepage, navigate to the IPO Section.
• Select Hyundai IPO from the list of recent IPOs.
• Enter your PAN Number or Application Number.
• Solve the captcha code and click on Submit.

The system will then display your allotment details.

3. Check Hyundai IPO Allotment via Registrar’s Website (Link Intime or KFintech)

You can also check your Hyundai IPO allotment by visiting the IPO registrar’s website. The registrar is responsible for processing the IPO applications and allotting shares to investors.

IfLink IntimeorKFintech manages Hyundai’s IPO, follow these steps:

• Visit the official website of the registrar handling the Hyundai IPO. For example:
  • Link Intime: https://linkintime.co.in
  • KFintech: https://kfintech.com
• Click on the IPO Allotment Status option.
• Select Hyundai IPO from the dropdown list.
• Enter your Application Number, Demat Account Number, or PAN Number.
• Complete the captcha and click on Submit.

The results will be displayed on the screen to inform you of the allotment status.

4. Check Allotment via Your Demat Account

If you have applied for the Hyundai IPO through your Demat account, you can check your allotment status directly through your broker or Demat provider’s platform. This method is particularly easy for those who frequently trade or invest using their Demat accounts.

Steps:

• Log in to your Demat account on the broker’s platform.
• Go to the IPO Section.
• Select Hyundai IPO.
• Check the allotment status using your application number or PAN.

Brokers like Samco, Zerodha, Angel Broking, Groww, and others provide easy access to IPO allotment status directly on their platforms. Simply log in, go to your portfolio, and find the IPO section to view your allotment.

5. SMS or Email Alerts

Many investors receive SMS or email alerts directly from the registrar or their broker when the IPO allotment process is complete. Make sure to keep an eye on these notifications as they will provide direct information about whether you have been allotted shares or not.

6. Use the UPI App to Check Allotment Status

If you applied for the Hyundai IPO using the UPI (Unified Payments Interface) payment option, you can also receive allotment updates through your UPI app. Look for notifications in your UPI app regarding the IPO payment mandate. If the mandate is successful, you might get an idea that your shares have been allotted. However, this is not a formal confirmation, and you should still check through other official channels.

What to Do After Allotment?

Once you have checked your Hyundai IPO allotment status and have been successfully allotted shares, the next step is to keep an eye on the listing date. The shares of Hyundai are expected to be listed on the stock exchanges on October 30, 2024. On this day, you will be able to trade your allotted shares on the open market.

If you were not allotted shares, the refund process will automatically begin. The refund should be credited to your bank account by the end of the refund initiation date, which is expected to be October 25, 2024.

Why Didn’t You Get Hyundai IPO Shares?

It’s important to understand that not every applicant will get shares, especially in a heavily subscribed IPO like Hyundai’s. There are a few reasons why you might not have been allotted shares:

• Oversubscription: Hyundai IPO may have been oversubscribed, meaning more applications were received than the available shares. In this case, the shares are allocated through a lottery system.
• Incorrect Details: Your application may have been rejected if it contained incorrect details, such as a wrong PAN or Demat account number.
• Non-ASBA Application: If you didn’t apply through the ASBA (Application Supported by Blocked Amount) method, your application might not have been processed.