Who does allotment of shares in an SME IPO?

Likewise regular IPO, the registrar is responsible for the allotment of the shares in an SME IPO. Based on the subscription or total bidding received for a particular SME IPO, the registrar prepares a basis of allotment (BOA) for the allocation of shares to different categories of investors, processes refunds, and transfers shares to the investor’s demat account. Shares are allocated to investors based on the criteria set by regulators in the IPO prospectus.