How to Check IPO Allotment Status

How to check IPO Allotment status is not a difficult task anymore. Investors across India are showing a huge interest in Initial Public Offerings (IPOs). For many, applying for an IPO is an exciting event. You do your research, fill out the application, and commit your funds, hoping to join a company’s growth story from day one. But after the application window closes, a period of anxious waiting begins. The most important question on every applicant’s mind is: “Did I get the shares?”
Finding out whether a company has assigned you shares is what we call checking the IPO allotment status. The anticipation is real, and knowing where and how to find this information can save you a lot of stress.
In this comprehensive guide, we will walk you through everything you need to know about checking your IPO allotment status. This article covers three reliable methods, explains the timeline, and offers tips to improve your chances in future IPOs.
Let us dive in and demystify the process.

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What is IPO Allotment?

Before we learn how to check the status, it’s important to first understand what IPO allotment means.

Essentially, an Initial Public Offering (IPO) is the process where a private company offers its shares to the public for the first time, becoming a publicly-listed company. When you apply for an IPO, you are therefore bidding to buy a certain number of shares at a specific price.

Following this, IPO Allotment is the actual process of distributing these shares to the applicants. Specifically, the company, along with its lead managers and a registrar, finalises this distribution.

However, the process is not always a simple one-to-one distribution. In fact, especially with popular IPOs, the number of shares applied for by the public is far greater than the number of shares offered by the company. This situation is commonly known as oversubscription. For instance, if a company offers 1 crore shares but receives applications for 10 crore shares, we say the IPO is oversubscribed 10 times.

Consequently, in such cases, the allotment is done through a lottery system to ensure a fair distribution among retail investors. This is precisely why you are not guaranteed an allotment even if you apply correctly. Because of this uncertainty, understanding the process helps set realistic expectations. Furthermore, to learn more about the fundamentals of the stock market, exploring courses on the Entri App can provide you with a solid foundation.

How to Check IPO Allotment Status (3 Reliable Ways)

Once the allotment is finalised, the status is made public. You can check it easily online. Here are the three most reliable ways to check your IPO allotment status. You will generally need one of the following details:

• Your PAN Card number
• Your IPO Application Number
• Your Demat Account / DP ID 

1. Checking on the Registrar’s Website

The most common and direct way to check the allotment status is through the official website of the IPO’s registrar. A registrar is a SEBI-registered entity responsible for managing the entire IPO allotment and refund process. Some of India’s leading registrars include Link Intime, KFintech (formerly Karvy), and Bigshare Services.

The registrar’s name for a specific IPO is mentioned in its prospectus and on various financial news portals.

Step-by-Step Guide:

1. Visit the Registrar’s Website: Go to the official website of the IPO’s registrar (e.g., Link Intime, KFintech).
2. Select the Company: From the dropdown menu on their IPO status page, select the name of the company whose IPO you applied for.
3. Enter Your Details: You will be given a few options to check your status. Choose one:

• PAN Number
• Application Number
• DP ID/Client ID

1. Enter the Captcha: Fill in the captcha code for security verification.
2. Click ‘Submit’: The screen will now display your allotment status. It will show the number of shares you applied for and the number of shares allotted to you. If no shares were allotted, it will state that as well.

2. Checking on the BSE Website

The Bombay Stock Exchange (BSE) also provides a facility on its website to check the allotment status for IPOs that will be listed on it.

Step-by-Step Guide:

1. Visit the BSE India Website: Visit the official BSE website: www.bseindia.com.
2. Navigate to the IPO Application Status Page: On the homepage, click Investor Services -> Status of Issue Application.
3. Select Issue Type: Choose ‘Equity’ as the issue type.
4. Select Issue Name: From the dropdown list, select the name of the IPO company.
5. Enter Details: Enter your IPO Application Number and your PAN Card number.
6. Verify and Submit: Click the ‘I’m not a robot’ checkbox and click the ‘Search’ button. Your allotment details will be displayed on the screen.

3. Checking on the NSE Website

Like the BSE, the National Stock Exchange (NSE) also allows investors to check their allotment status. The process is slightly different as it requires a one-time registration.

Step-by-Step Guide:

1. Visit the NSE Website: Go to the official NSE website: www.nseindia.com.
2. Register (One-Time): You need to register using your PAN number. An OTP will be sent to your registered mobile number to complete the registration.
3. Login: Use your new username and password to log in.
4. Check IPO Status: Navigate to the IPO allotment status section and select the company name from the list.
5. Enter Details: Enter your application number and click ‘Submit’ to see your status.

When is the IPO Allotment Done?

The IPO process follows a strict timeline set by SEBI. Understanding this timeline helps you know exactly when to check for the allotment status.

• IPO Opening Date: The first day you can apply for the IPO.
• IPO Closing Date: The last day to submit your application. This is usually 3 business days after the opening date.
• Allotment Finalisation Date: This is the key date. The registrar finalises the allotment of shares. It is typically 3-4 business days after the IPO closes. You can check your allotment status on the evening of this day or the next morning.
• Refund Initiation: For those who did not get an allotment, the blocked funds in their bank accounts are unblocked or refunded. This usually happens one day after the allotment finalisation.
• Credit of Shares to Demat: The shares are credited to your Demat Account if you received an allotment. 
• IPO Listing Date: The day the company’s shares start trading on the stock exchanges (BSE/NSE). This is usually 6 business days after the IPO closing date.

What Happens After You Get (or Don’t Get) Allotment

Your journey doesn’t end with the allotment status. Here’s what comes next:

If You Get the Allotment

Congratulations! You have successfully been allotted shares. Here is what happens next:

• Confirmation: First, you will receive an SMS and email from the depositories (CDSL/NSDL). This message serves as a confirmation that the shares have been credited to your Demat account.

• Listing Day: After that, the shares will be listed on the stock exchange on the specified date. You can now see them in your Trading/Demat account portfolio.

• Your Decision: On listing day itself, you have a choice:

  • Sell for Listing Gains: For example, if the stock lists at a premium (higher than the issue price), you can sell your shares immediately to book a profit.

  • Hold for Long-Term: Alternatively, if you believe in the company’s long-term potential, you can hold on to the shares as an investment.

Making the right decision requires understanding the company’s fundamentals and market conditions. To build this expertise, you can explore the in-depth stock market courses available on the Entri App, which are designed to help investors make smarter choices.

If You Don’t Get the Allotment

It can be not very reassuring, but it is a prevalent outcome for oversubscribed IPOs.

1. Refund/Unblocking of Funds: The money blocked in your account via the ASBA facility will be unblocked. This usually happens within one or two days of the allotment finalisation.
2. Don’t Be Discouraged: Not getting an allotment is part of the process. There will always be more IPOs and other investment opportunities in the market. You can always apply for the next one!

Tips to Improve Your IPO Allotment Chances

While allotment in oversubscribed IPOs is based on luck, you can take a few steps to maximise your chances:

• Apply at the Cut-Off Price: In a book-built IPO, always bid at the “cut-off” price. This simple step ensures that the registrar will consider your application for allotment, regardless of the final price.

• Use Multiple Demat Accounts: You can increase your chances by applying from the Demat accounts of different family members (e.g., spouse, parents). Remember, you can only submit one application per PAN.

• Avoid Multiple Applications from One PAN: The system will automatically reject all your applications if you submit more than one from the same PAN.

• Ensure Correct Details: Double-check your PAN, Demat account number, and UPI ID before you submit. Any error will cause the system to reject your application.

• Apply for the Full Lot: Always apply for at least one full lot. In an oversubscribed issue, the registrars first allot a single lot to each successful applicant.

Conclusion

Once you know where to look, checking your IPO allotment status is a straightforward process. Using the registrar’s portal or the official websites of the BSE and NSE, you can quickly and easily find out if you have allotments.

Remember, getting an IPO allotment, especially a popular one, involves a bit of luck. Indeed, the key is to stay informed, follow the correct application procedure, and have a clear strategy for what you will do on listing day. As you continue your investment journey, keep learning and building your knowledge. The Entri App is an excellent resource with courses for every level of investor, helping you confidently navigate the exciting world of the stock market. Happy investing!

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