Last Updated on February 13, 2024 by BFSLTeam BFSLTeam
An IPO launch can be of immense anticipation and excitement for an investor who eagerly awaits the opportunity to invest and be a part of some of the biggest companies. Amidst all such anticipation, excitement and fanfare, investors need to learn about the intricate process and the various participants who make a public issue possible. One of the indispensable market players necessary for launching an IPO is the registrar. They are responsible for the whole application and allocation process.
In this article, we will deep dive into one of the most preferred IPO registrars, Adroit Corporate Services Pvt Ltd, its service offerings, communication details and more.
About Adroit Corporate Services Pvt Ltd
Incorporated in 1994, Adroit Corporate Services Pvt Ltd is a Mumbai-based category 1 registry and transfer agent registered under the Securities and Exchange Board of India. It is also registered as a depository participant with depositories like NSDL and CDSL. It was established with a mission to provide high-quality critical business solutions at an affordable price.
Also Read: IPO investment strategy
Adroit Corporate Services Communication Details
Moreover, the company is well known for its in-house IT infrastructure and its IT solutions for the financial service sector. It has a presence in some of the major cities of the country including Vadodara, Mumbai, Chennai and Bengaluru with major expansion plans across the country. The client base of Aroid Corporate Services comprises prestigious corporates and many public, private and MNC banks.
Besides RTA services, the company provides banking solutions, digital marketing services, software development, graphic designing, data processing and back-end services. Adroit Corporate Services is also ISO 9001:2015 and ISO 27001:2013 certified
| Address | 18-20, 1st Floor, Plot No. 639, Makhwana Road, Marol, Andheri (East), Mumbai-400 059 |
| Website | https://www.adroitcorporate.com/ |
| info@adroitcorporate.com | |
| Phone | +91-22-4227 0400 |
| Fax | 91- 22- 2850 3748 |
IPOs by Adroit Corporate Services Pvt Ltd
Here are some of the IPOs serviced by Adroit Corporate Services as a registrar and transfer agent:
| Issuer Company | Exchange | Issue Open |
| Sirohia & Sons Ltd IPO | BSE SME | Sep 08, 2014 |
| Birla Pacific Medspa Ltd IPO | BSE | Jun 20, 2011 |
| Birla Cotsyn (India) Limited IPO | BSE, NSE | Jun 30, 2008 |
| Usher Agro Ltd IPO | BSE | Sep 05, 2006 |
Services Offered by Adroit Corporate Services Pvt Ltd
Here are the services offered by Adroit Corporate Services:
Share Registry Services
- Assisting in shareholder polls and scrutinising poll voting
- Registration of share transfers in physical format
- Establishing book closure dates and record dates
- Recording and registering changes in investor addresses, ECS requests, and bank mandates received in physical form
- Handling responsibilities like dividend calculations, printing, distribution, and reconciliation
- Sending out all official communications to shareholders
- Engaging and interacting with SEBI, stock exchanges and other regulatory authorities
- Maintaining electronic records of investor movements, along with their basic information
- Disbursement of both cash and non-cash corporate benefits, such as interest, redemption payments and dividends
- Conversion of share certificates in dematerialised or rematerialised form
- Providing advisory services and value-added support
IPO Related Registry Services
- Providing instructions to banks for reporting collection figures, applications and collections
- Collaborating with lead managers and bankers
- Reconciling bid data with bank data
- Addressing post-issuance investor queries
- Submitting periodic reports to regulatory authorities
- Facilitating the listing process
- Reconciling refund payments
- Dispatching refund orders and credit advice
Depository Connectivity Services
- Handling relevant corporate actions
- Engaging with CDSL or NSDL for the creation or activation of ISIN, dematerialisation, and rematerialisation processes
- Collaborating with Depository Participants
- Conducting reconciliation of electronic holdings
Adroit Corporate Services Pvt Ltd is amongst the most preferred registered and transfer agents in India. It offers various types of registry services such as share registry services, IPO-related registry services, depository connectivity services, fixed deposit registry services, etc. It has a well-experienced and technology-driven customer support team who are capable of resolving investor queries efficiently and effectively. If you face any difficulties regarding IPO application or allotment, feel free to contact the concerned registrar.
Also Read: Risk of investing in IPO
Frequently Asked Questions
How to check the allotment status of an IPO?
You can check the allotment status either from the official website of BSE or the concerned registrar’s website. However, you can only check it once the allotment process of the IPO is completed.
Is it possible to cancel an IPO application?
Yes, you can cancel your IPO application while it is open for subscription. You can cancel the application at any time during the bidding window. The bidding window starts from 10 AM of the IPO opening date till 5 PM of the IPO closing date.
What is the maximum number of IPO applications allowed from a single bank account?
According to SEBI norms, an individual can make up to a maximum of five applications from one bank account through ASBA.
Is a PAN card mandatory for an investor to apply for an IPO?
Yes, a PAN card is a mandatory document for an individual applying for an IPO. Therefore, it is always recommended to fill up the PAN details carefully as a small mistake in the PAN number can result in the cancellation of your IPO application
