How do I check IPO allotment status?

If you've applied for an IPO (Initial Public Offering) and are eagerly awaiting the allotment results, it's important to know how to check whether you have been allotted shares or not. The IPO allotment process is a crucial step, as it determines whether or not you will receive the shares you applied for. In this blog, we’ll guide you through the process of checking your IPO allotment status and what to do next.

1. Understanding the IPO Allotment Process

When you apply for an IPO, you are essentially submitting a request to buy shares of the company at the issue price. However, the demand for IPO shares may exceed the number of shares available for allocation. In such cases, not all applicants will be allotted shares. The allotment is done based on a lottery system or proportional basis depending on the subscription rate and the company’s guidelines.

2. When Does IPO Allotment Status Become Available?

The IPO allotment status is usually available a few days after the IPO subscription period closes. After the IPO closes, the company and the registrar will begin processing the allotments. The results are typically announced within 3-7 days of the closing date, depending on the complexity and volume of the allotment process.

3. How to Check IPO Allotment Status

You can check your IPO allotment status using the following methods:

a. Check IPO Allotment Status on the Registrar’s Website

The registrar is responsible for managing the IPO allotment process. Each IPO has a registrar assigned to handle the applications and allotment process. You can visit the registrar’s official website to check the IPO allotment status. Here's how you can do it:

• Step 1: Visit the registrar’s website. Some common registrars include Bigshare Services, Karvy, Link Intime India, and Cameo.
• Step 2: Look for the "IPO Allotment Status" link on the homepage.
• Step 3: Enter the required details, such as your PAN number or application number and your depository account number (DP ID). These details will help you identify your application and allotment status.
• Step 4: Click on the "Submit" button to view your IPO allotment status.

b. Check IPO Allotment Status on the Stock Exchange Website

In some cases, you can also check the allotment status through the websites of the stock exchanges like the NSE or BSE, where the IPO will be listed. These websites typically provide links to the registrar's page where the allotment status is updated. Here's how to check on the exchange's website:

• Step 1: Visit the website of the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE).
• Step 2: Look for the IPO section or the "New Listings" section where they provide IPO-related updates.
• Step 3: Click on the relevant link to check the allotment status. You may be redirected to the registrar’s website where you will need to input your PAN or application number.

4. Commonly Required Information to Check IPO Allotment Status

To check the IPO allotment status, you will typically need the following details:

• Application Number: The unique number you received when you applied for the IPO.
• PAN Number: Your Permanent Account Number, which is a unique identifier for tax purposes.
• DP ID and Client ID: If you applied through a Demat account, you will need your Demat account details.

5. What to Do If You Are Allotted Shares?

If your IPO allotment is successful, congratulations! The allotted shares will be credited to your Demat account before the stock starts trading on the exchange. You can then sell the shares in the secondary market or hold them for long-term gains, depending on your investment strategy.

6. What If You Are Not Allotted Shares?

If you are not allotted any shares in the IPO, your application amount will be refunded. The refund process can take a few days, and the funds will be credited to your bank account. However, it is important to note that the refund will not include any interest, as IPO refunds are made on a pro-rata basis and at the discretion of the company.

7. Conclusion

Checking the IPO allotment status is easy and essential for all investors who have applied for an IPO. Make sure to follow the steps outlined above, and use the right platforms to track your status. Whether you are allotted shares or not, remember that IPO investing is a long-term game, and there are always more opportunities ahead!