What is the Deemed Date of Allotment?
The Deemed Date of Allotment is typically fixed as 30 days from the date of closure of the Issue or date of utilization of proceeds, whichever is earlier. All benefits relating to the Bonds will be available to the investors from the Deemed Date of Allotment. The actual allotment may occur on a date other than the Deemed Date of Allotment. No interest on application money will be paid to any investor till the Deemed Date of Allotment.
