Maheshwari Datamatics Pvt. Ltd IPO Registrar Review

Last Updated on February 13, 2024 by BFSLTeam BFSLTeam

An Initial Public Offering or IPO happens when a company offers its shares to the public and raises capital. The bidding process usually remains open for 3 days. During this period, investors can start submitting applications for the IPO shares. The allotment process however starts following the submission of these applications.

Additional Read: IPO Registrar List in India

IPO registrars are well-recognised independent financial institutions appointed by companies going public. The respective registrar keeps a record of the issue and ownership of company shares. Their responsibility includes processing IPO applications, allocating shares to applications following SEBI guidelines, processing funds, and transferring shares to investors’ demat accounts.
If you face any issues with IPO applications, you can contact the registrar to resolve the problem. In this article, we will read about Maheshwari Datamatics Private Limited, a prominent IPO registrar and its services.

About Maheshwari Datamatics Pvt Ltd

Incorporated on 17th May 1982, Maheshwari Datamatics Private Limited is a well-known private company registered by SEBI as a Category- I R&T agent. In 1990, the company entered the business of developing and implementing customised software solutions. Securities and Exchange Board of India (SEBI) approved this company as a category I Registrar and Transfer Agent in 1993.

At present, Maheshwari Datamatics stands as the largest data processing house operating successfully at present in Eastern India. It has been ranked twice as one of the top three registrars in India in terms of handling IPOs. Its clients include the likes of Punjab National Bank, Century Plyboards (India) Ltd, Emami Ltd, Rupa & Company Ltd, Eveready Industries India Ltd, etc.

Maheshwari Datamatics Pvt Ltd has served almost 750 unlisted companies and 250 listed companies. It has also a history of handling more than 10 million shareholders. In addition, over almost 10 years, it has also handled more than 100 IPOs.

The two main directors of this company are Sorav Jhawar and Radhey Shyam Jhanwar. The directors have decades of experience in the industry

Here is the address and communication details of Maheshwari Datamatics Private Limited:

IPOs by Maheshwari Datamatics Pvt. Ltd
Here is the list of latest IPOs provided by Maheshwari Datamatics Private Limited:

Services Offered by Maheshwari Datamatics Pvt Ltd
Here is the list of services that Maheshwari Datamatics provides to its investors:

• Payroll Management Services
  At present, most companies outsource their ancillary activities. Payroll management also falls under that category and it doesn’t contribute to the functioning of the company directly. Here, Maheshwari Datamatics Private Limited provides services of all kinds, starting from generating attendance of employees to printing their payslips. Maheshwari, as a registrar, has successfully generated more than 1.2 million payslips per annum.
• Back Office Data Processing
  Maheshwari Datamatics processes raw data they receive from clients and then gives them back in a desired format. The company has a team of data operators and supervisors for checking quality. Thus, they are well-equipped to handle bulk data.
• Actuarial Reports Processing
  Maheshwari Datamatics processes actuarial reports for companies, following the statutory requirements of Accounting Standard 15 and a revised version of Accounting Standard 15, issued by the Institute of Chartered Accountants of India.
• Registrar and Transfer Agent Services
  Along with the above services, Maheshwari Datamatics Pvt Ltd is also involved in processing IPO applications, processing refunds through ECS or cheques, and more. It has managed many IPOs, rights issues, share buybacks, exit offers, etc.
  
  Thus, to conclude, Maheshwari Datamatics is a well-known registrar and one of the largest data processing houses present in Eastern India. If you want to subscribe to an IPO where this company is a registrar, you can check your allotment status on its official website.
  
  If you face any queries regarding IPOs provided by Maheshwari Datamatics, feel free to contact customer service. You can also communicate with them or mail them to the above-mentioned address stating your queries.

Frequently Asked Questions

How to check if my IPO application is successful or not?
You can check your IPO application by visiting NSE’s or BSE’s website. You need to provide all relevant information including your name, PAN number, and application number. You can also go to the registrar’s website and navigate to the ‘IPO’ section to check your allotment status.

How to check for the IPO refund status?
To know about your IPO refund status, you need to check your bank account. Alongside this, you will also receive a notification of refund on the initiation date of the IPO refund.

When does the IPO refund get credited to the bank account?
Usually, an IPO refund gets credited to the bank account within four working days of the issue closure.

What to do if I do not receive the IPO refund?
If the IPO refund is not received within the stipulated period, contact your bank and IPO registrar to check your refund status.