The Client will, if he already has a securities account in the CDS, indicate the account number on the application form. If he does not already have an account, he opens one and the number is indicated on the application form.
Upon completion of an IPO, the Shares Registrar provides CDSC with an allotment schedule indicating the respective CDS account numbers. Thereafter at the close of the Business Day and before the trade date CDSC credits the client securities account with the number of shares allotted to them as per the allotment schedule.
A new issues schedule is made available to the Shares Registrar who in turn will register the securities as per that schedule in the name of CDSC and generate a Securities Certificate which will then be forwarded to CDSC.