How to Check IPO Allotment Status

Investing in IPO can be an exciting opportunity to participate in the growth of promising firms. Once you have applied for an IPO, the next important step is to check the IPO allotment status. Read on to learn the process of checking the IPO allotment status and help you stay informed about the outcome of your investment.

What is IPO Allotment?

IPO allotment refers to the process through which shares are distributed to investors who have applied for an IPO. When a company goes public, it offers a certain number of shares to the public. Investors apply for these shares and the company, along with its registrar, allots shares based on the demand and supply dynamics. The allotment process ensures that shares are distributed fairly among eligible investors.

How To Check Allotment Status?

Before you begin checking the IPO allotment status, make sure you have the following information readily available:

• Application Number: This unique identification number is provided to you during the IPO application process.

• PAN: Your PAN card details are required to access the IPO allotment status.

Once you have these details:

• Visit the Official IPO Registrar's Website

Visit the official website of the IPO registrar responsible for handling the IPO allotment process. This information is typically mentioned in the IPO prospectus or application form. Once on the website, look for a section related to "IPO Allotment Status" or a similar term.

• Select the IPO and Enter Details

You will likely find a list of recent IPOs on the IPO registrar's website. Locate the IPO you have applied for and click on it. You will be directed to a new page where you can enter your application details.

• Enter Application Details

Enter your application number and PAN number in the respective fields. Double-check the information to ensure accuracy. Some websites may require you to enter additional details, such as the number of shares applied for or the bid price.

• Submit and View Allotment Status

Once you have entered the required information, click on the "Submit" or "View Allotment Status" button. The website will process your request and display the IPO allotment status.

Depending on the IPO allotment status outcome, the registrar's website may provide further instructions. It could include details on the refund process for rejected applications or guidelines on the payment and listing of allotted shares.

How To Check IPO Allotment Status on BSE Website?

You can also check IPO allotment status on Bombay Stock Exchange's website. To check:

• Visit the BSE website and log in

• On the webpage, locate the box labeled "Issue Type" and select "Equity" from the options provided

• Choose the IPO name from the available options

• Enter your application number and PAN number in the designated fields

• Click on the "Search" button to start the search process

• On your screen, whether you're using a mobile or desktop device, the IPO allotment status will be displayed

How To Check IPO Allotment Status Check Through Demat Account?

You can also check about IPO allotment through your Demat account. To do so:

• Visit the official website of your Demat account provider or the online platform of your Trading account

• Enter your login credentials, including your username and password. If you haven't registered for an online account, you may need to sign up first

• Once logged in, navigate to the section that displays your portfolio or holdings

• Look for the IPO allotment status or a similar option within your account dashboard. The website may have a dedicated section for IPOs

• If you have been allotted shares, they should appear in your Demat account under the IPO section. The number of credited shares will be mentioned, confirming the successful allotment

How To Check IPO Allotment Check Through Broker?

One of the easiest ways to check the IPO allotment status is to contact your broker. Your broker will have access to the latest information regarding the allotment process. Simply call them and provide them with your application details, such as your application number and PAN card number.

They will then be able to check the status on your behalf and inform you whether the shares have been allocated to your account or not.

Procedure of IPO Allotment of Shares

Here's a detailed breakdown of the IPO allotment process.

1. Application submission: Investors submit their applications for the IPO through various channels such as brokers, banks, or online trading platforms.

2. Application verification: The registrar verifies the applications to ensure they meet all the necessary criteria.

3. Allotment calculation: The shares are allotted based on the demand and supply. If the IPO is oversubscribed, shares are allotted proportionately or through a lottery system.

4. Final allotment: The final list of allotted shares is prepared, and investors are notified about their IPO allotment status.

5. Refund process: Investors who did not receive the full allotment or did not receive any shares at all are refunded the application amount.

Possible Outcomes After IPO Allotment

There are three possible outcomes after checking your IPO allotment status:

• Allotment Status: If you have been allocated shares, the website will indicate the number of shares allotted to you.

• Rejection Status: In case your application has been rejected, the website will state the reason for rejection or mention that you have not been allotted any shares.

• Waiting Status: Sometimes, you may find that the allotment status is still under process. In such cases, you need to wait until the final allotment is declared.

Steps to Verify the Application Status

Here are the steps to check your IPO application status.

1. Visit the registrar's website: The registrar of the IPO provides an online portal where you can check the status of your application.

2. Enter required details: You will need to enter your application number, PAN number, or DP ID/client ID to access your IPO allotment status.

3. Verify allotment: After entering the required details, you will be able to see the number of shares allotted to you, if any.

4. Check on BSE/NSE website: You can also check IPO allotment status on the BSE or NSE website by entering similar details.

5. Bank notification: Some banks also send notifications regarding the IPO status to their customers who have applied through them.

Things to Do After Checking IPO Allotment Status

After checking your IPO allotment status, there are several actions you can take depending on the outcome:

Allotment Received

If you have been allotted shares in the IPO, you may consider the following steps:

• Make the payment: Ensure you pay for the shares within the stipulated timeframe in the IPO prospectus. Failure to do so may result in the forfeiture of your allotted shares.

• Review the allocation details: Carefully review the allotment details, including the number of shares allocated to you and the price at which they were allotted.

• Plan your investment strategy: Evaluate your investment goals and the company's prospects before deciding whether to hold or sell the allotted shares. Consult with a financial advisor if needed.

Allotment Not Received

If you were not allotted any shares in the IPO, you can consider the following actions:

• Assess alternative investment options: Explore other investment opportunities in the market. Research and analyse different investment avenues that align with your financial goals.

• Stay updated: Monitor the performance of the company whose IPO you applied for. It can help you gauge the market sentiment and future investment prospects.

• Review your portfolio: Evaluate your existing investment portfolio and make any necessary adjustments based on your risk tolerance and investment objectives.

This table shows how shares are allotted based on the total number of applications and the chosen allotment method.

How Does the Registrar Decide on the Allotment?

The primary factor is the demand for shares compared to the number of shares offered. Higher demand may lead to oversubscription, affecting the allotment ratio. Different categories of investors, such as retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NIIs), have different allotment quotas.

The number of shares applied for also affects the allotment. Smaller applications may have a higher chance of full allotment in proportionate allotment scenarios. The company's allotment policies and the registrar's guidelines also play a significant role in determining the final allotment.

Regulatory frameworks set by the Securities and Exchange Board of India (SEBI) ensure fairness and transparency in the allotment process. The registrar uses computerised systems to conduct a random draw (lottery) in cases of oversubscription, especially in the retail category. This process eliminates human bias and ensures that all eligible applicants have an equal opportunity to receive shares. In some cases, allotment may also depend on the minimum lot size prescribed in the IPO prospectus, which determines the smallest number of shares that can be allotted to an investor.

Tips for IPO Allotment Success

• To improve your chances of IPO allotment success, start by applying through multiple demat accounts linked to different PAN numbers within your family. This increases the number of independent applications.

• Always apply for at least one lot in the retail category, as smaller applications often have a higher chance in oversubscribed IPOs due to proportionate allotment rules.

• Submitting your application early during the ipo subscription status period can also help avoid last-minute technical glitches.

• Ensure your bank account has sufficient funds before applying, as insufficient balance can lead to application rejection.

• Consider using both the ASBA (Application Supported by Blocked Amount) method and UPI-based applications for flexibility and convenience.

• Stay informed about IPOs with high subscription interest but balanced demand across investor categories, as extreme oversubscription reduces allotment chances.

• Avoid duplicate applications under the same PAN, as these are automatically rejected.

• Finally, always cross-check the IPO’s lot size, price band, and cut-off price while applying, as incorrect entries may disqualify your application from the allotment process.

To Sum Up

Checking the IPO allotment status is essential in your IPO investment journey. By following the steps outlined in this blog, you can easily stay updated on the outcome of your application. If you cannot find the allotment status, check with your broker.