PKH Ventures IPO Refund Status, Refund Process, Link & Date and many more details of this IPO are in this article, so you must read this article completely.
PKH Ventures IPO Refund Status
Recently a new company launched Initial Public Offering in the Share Market of India. The subscription of this IPO started on the last Friday, 30th of Jule 2023, till the 4th of July. The subscription of this IPO on the final day was 65% of the offer size, which is too low, with a minimum of 90% to proceed with allotment. While subscribing for this IPO, the required amount of money is blocked.
But, many of the applicants are not lucky enough to get shares in the IPO. So, the blocked money from their account should be unblocked, and for this, the applicants have to follow a process which is given below in this article. After completing the process, the applicants have to check the status through the portal they registered for this IPO. But at the end of the IPO registration process, the company announced to cancel the IPO.
PKH Ventures IPO Refund Overview
|Bidding Date of PKH Ventures IPO||30 June to 4 July 2023|
|Price Range of one share||Rs 140 to Rs 148|
|Minimum Investment||Rs 14,800 for 1 lot (100 Shares)|
|Maximum Investment||Rs 192,400 for 13 lots (1300 Shares)|
|Issue Size||Rs 379 Crores|
|Refund Date||10 July 2023|
PKH Ventures IPO Refund Process
The PKH Ventures IPO Refund Process will have to follow by the applicants who registered for this IPO. As we know that the issuing company has withdrawn the IPO, so the applicants will get the full amount as a refund of the blocked money. Thus, the amount will be unblocked by the ASBA Bidders within one working day after the date of receipt of notification.
Generally, the refund procedure will take more than a day when the IPO is oversubscribed, but here, in this case, the IPO is pulled back due to a lack of subscriptions. There was not so much application for this IPO, and due to this Refund Process will complete shortly. The PKH Ventures IPO Refund Process will not have any physical refund of the amount. So, the applicants have to wait till their amount is unblocked, which gets stuck due to this IPO.
PKH Ventures IPO Refund Link
The PKH Ventures IPO Refund Status link is different for each broker of the share market. You should check on the app of your broker whether the refund of your amount from this IPO has been done or not. But, you must wait for the 10th of July as the refund process was scheduled to have on this date only.
In this IPO, the price range of a single IPO was Rs 140-148, and a minimum of 100 shares was in a lot which is Rs 14,800 for the price of Rs 140 per share. The complete issue size of this IPO was Rs 379 Crores, and a single individual can make a maximum investment of Rs 192,400 with 13 lots.
PKH Ventures IPO Refund Date
Due to the lack of subscriptions from qualified institutional buyers, the company has withdrawn its IPO, so the investors will receive the full amount of money which gets blocked from their bank account. Usually, the refund process of any IPO takes 3 to 10 days after the allotments of the IPO are done by the registrar of the IPO. But in this case, the unblocking will be faster than all the other cases as it is cancelled.
The investors have to wait for the refund process, and they must regularly check their bank account and the portal from which they applied to it. According to the schedule, the initiation of refunds has to be done on the 10th of July, 2023.
Also, the old schedule shows that the credit of shares to the Demat account was scheduled on the 11th of July, 2023, and the listing date was on the 12th of July. But not many investors were interested in this IPO, and this lack of subscriptions forced the company to withdraw from the IPO.
Thus, you reach the end of the article, so you must read more articles present on our Website and subscribe to get alerts of each detail of this IPO.