February 26, 2021 | Investopaper
CDS & Clearing Limited (CDSC) has launched a separate website to view the IPO results of the companies. Although the results of the IPO allotment can be viewed only from a limited number of websites, CDSC has launched a new website after those websites could not work due to high traffic from investors.
From now on, IPO Allotment Result can be viewed through the following website.
Although arrangements were made to post the result on the websites of the issuing companies and the issue manager, the investors could not easily see the results as the websites of those companies could not withstand the excessive traffic from the investors.
Various online media outlets used to provide the results of the share allotment. However, saying that it has affected the privacy of investors, CDSC made the provision to post the result in only three websites.
1. Website of IPO Issuing Company
2. Website of Issue Manager
3. CDSC IPO Result Website
According to CDS & Clearing Limited, the website, which will only show the result of the IPOs, is designed to be safe, fast and accessible to many investors at once. On the website, investors will be able to view the results of the public issue of securities as soon as the distribution is completed.