How to Check Your IPO Allotment Status: A Step-by-Step Guide

In this article, we will show you simple steps on how to check IPO allotment status. Waiting for an IPO allotment can be a nerve-wracking experience, especially if it is your very first time applying. Once the application window closes, the next major milestone is finding out whether you successfully secured the shares you bid for. If you are unsure how to track this, the process is actually quite straightforward.

What Exactly is an IPO Allotment?

During an Initial Public Offering (IPO), investors submit bids to purchase a company’s shares. Once the subscription period ends, the allotment process typically takes place the very next day (roughly 24 hours later).

To ensure everything runs smoothly, issuing companies hire an official registrar. Entities like MUFG Intime India Pvt. Ltd., KFin Technologies Pvt. Ltd., and Bigshare Services Pvt. Ltd. manage the entire backend. They handle the influx of applications, finalize who gets shares, and process all refunds.

Your allotment status simply reveals the outcome of your bid:

• If you are allotted shares: The corresponding funds are permanently deducted from your bank account.
• If you are not allotted shares: The funds that were temporarily blocked in your bank account will be released.

How to Find Your IPO Allotment Status

While there are a few ways to verify your application, the most direct method is through the official registrar’s portal.

Steps to Check via the Registrar’s Website:

1. Locate the Official Site: Identify the specific registrar handling the IPO (such as KFin Technologies, MUFG Intime India, or Bigshare Services) and visit their website.
2. Navigate to the Status Page: Look for and click on the “IPO Allotment Status” option.
3. Choose the Company: Pick the name of the company whose IPO you applied for from the provided dropdown menu.
4. Enter Your Details: Input either your Permanent Account Number (PAN), your specific application number, or your Demat account’s DP ID.
5. View Your Results: Click the “Submit” button to instantly reveal your allotment status.
6. The page will show you whether you got an allotment or not, with the number of shares.

Check via Stock Exchange Websites (BSE & NSE)

Apart from the registrar, you can verify your allotment status directly through the official portals of the Indian stock exchanges.

• For BSE: Visit the Bombay Stock Exchange (BSE) website and navigate to the “Status of Issue Application” page.
• For NSE: Visit the National Stock Exchange (NSE) website and locate the IPO allotment verification section.
• Required Details: On either platform, you will need to select the specific IPO name and enter your PAN, application number, or DP/Client ID to retrieve your results.

Check via Your Bank or Trading App

Most modern brokerage platforms and banking apps have integrated IPO tracking features for user convenience.

1. Log in: Open your preferred trading app or net banking portal.
2. Navigate: Go to the “IPO” or “Order Book” section where you originally placed the bid.
3. View Status: Click on the specific application to see if the status has changed to “Allotted” or “Not Allotted.”

Wait for Official Notifications (Email/SMS)

If you prefer not to check manually, you can simply wait for the automated alerts. Once the allotment is finalized:

• If you received shares: You will receive an SMS or email from the exchange (NSE/BSE), the depository (CDSL/NSDL), or your broker confirming the credit of shares to your Demat account.
• If you did not receive shares: You will receive a notification from your bank indicating that the lien (hold) on your funds has been removed.

How is the IPO Allotment Process Finalized?

A common question among new investors is: What actually happens behind the scenes? The allotment isn’t random; it follows a strict procedure governed by SEBI regulations. Here is the breakdown:

1. Data Scrubbing: Once the subscription window closes, the registrar compiles all applications. They immediately filter out and reject invalid bids, such as those with incorrect PAN details, mismatched names, or multiple applications from the same person.
2. Categorization: Valid applications are segregated into different investor categories: Retail Individual Investors (RII), Qualified Institutional Buyers (QIB), and Non-Institutional Investors (NII).
3. The Allotment Logic:
   • Undersubscribed: If the IPO does not receive enough bids, every valid applicant is guaranteed an allotment.
   • Oversubscribed: If demand exceeds supply (which is common), the allotment for Retail investors is decided via a computerized lottery system. This ensures that the process remains unbiased and fair, giving applicants an equal probability of selection.
4. Final Approval: The registrar submits the basis of allotment to the designated stock exchange for approval.
5. Execution: Once approved, the funds are debited for successful allottees, and the unblocking instruction is sent to banks for unsuccessful applicants.

Frequently Asked Questions (FAQs)

Q: What is the meaning of IPO allotment status? A: This status serves as the official confirmation regarding your bid. It informs you whether you have successfully secured shares in the company’s initial offering or if your application was not selected.

Q: How soon is the allotment status declared? A: Under the current T+3 listing norms (which are moving toward T+1), the allotment status is typically finalized and announced approximately 24 hours after the issue closes for subscription.

Q: Where is the best place to check my status? A: You can verify your status through multiple channels: the official website of the IPO registrar, the BSE/NSE exchange websites, or directly through your stockbroker’s mobile app.

Q: What documents do I need to check the result? A: You generally need one of the following unique identifiers: Your Permanent Account Number (PAN), the IPO Application Number, or your DP ID/Client ID.