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

The process of applying to an IPO can be exciting. You look at the firm, select the number of shares you want to apply for, freeze the money, and await the allocation results. But have you ever wondered why you do not get as many shares as you want? It is at this point that one is bound to realise the need to know how to check IPO allotment status.

Check your IPO allotment status to determine your share count and any outstanding refunds. It also helps you understand partial allotments, which are common in oversubscribed IPOs when shares are allocated on a pro rata basis. Read on to learn how to check your IPO allotment and why it is important to check the status.

Why Checking IPO Allotment Status is Important?

Checking IPO allotment status is an important part after submitting an IPO application. It is important because:

1. Confirms the Status of Allocation

The IPO allocation shares show you if you have received allocation and what the number of shares you have been allocated is. This clarity helps you decide whether you want to hold the shares for the long term or sell them on the listing day.

2. Provides Visibility on Refund Timelines

In case there is partial or no allotment, the application allotment status indicates the excess money that will be refunded. This will assist you in monitoring the money that you have with ease and in handling it easily.

3. Supports Better Investment Planning

Having the allotment result allows you to reallocate the funds towards other investments. If there is no allocation or a partial one, you can use the capital to invest in other IPOs or other investment opportunities.

4. Prepares Investors for Listing Day

Allotment confirmation ensures that shares are credited to your demat account. This helps you avoid last-minute confusion and helps you stay ready for trading on the listing day.

Methods to Check IPO Allotment Status

You can check an IPO allotment status in various ways. The top ways by which you can check the IPO allotment status online include:

1. Through the NSE Website

The steps to check the IPO allotment status via the NSE website are as follows:

Step 1: Open your browser, such as Google Chrome or Safari, on your phone or computer.

Step 2: Go to the official website of NSE.

Step 3: On the website, look for the section "Invest" and find the option of "Resources and Tools" under it.

Step 4: In the new menu, select "Locate Your Stock Broker" and find the option of "Verify IPO Bids" on the left pane under the "Check Trade/Bids" tab.

Step 5: A new window will appear asking you the following details:

• IPO Name: Select the name of the company for whose IPO you have applied.
  
• Application Number: When applying for an IPO, you can get the application number. You can find it on the application form or in a text message from the bank/broker.
  
• PAN Number: Enter your PAN number, a 10-digit alphanumeric code
  

Step 6: Click on the "Submit" or "Check" button to check the allotment status. After submitting, you will see the status as 'allotted' or 'not allotted.'

2. Through the BSE Website

Here are the steps on how to check IPO allotment via the BSE website:

Step 1: Open your phone or computer's web browser, such as Google Chrome or Safari, in Step 1.

Step 2: Go to the official website of BSE.

Step 3: Go to the website and look for the "Investor" area.

Step 4: In the new menu, select "Status of Issue Application” and find the option "Application Status Check," and then click on "Equity."

Step 5: A new window will pop up and ask you for the following information:

• IPO Name: Choose the name of the business whose IPO you want to apply for.
  
• Application Number: You can acquire the application number when you apply for an IPO. You can get it from the application form or a text message from the bank or broker.
  
• PAN Number: Type in your PAN number, which is a 10-digit code made up of letters and numbers.
  

Step 6: To find out the status of the allocation, click the "Submit" or "Check" option. You will notice the status as either "allotted" or "not allotted" once you submit.

3. Through the Demat Account

Here is how to check IPO allotment status through the demat account:

Step 1: Log in to your demat account.

Step 2: Go to the IPO section visible on the account dashboard.

Step 3: Now, look for the option "IPO Application" or "IPO Status."

Step 4: Find the recent IPO application.

Step 5: Check the status column under the IPO application, and you can clearly see the allocation status.

Step-by-Step Guide to Check IPO Allotment

You can also check the status of the IPO allocation on the registrar's website. Here is how to check IPO allotment status online on the registrar website:

Step 1: Open the official website of the IPO registrar. The IPO registrar is the body that handles the IPO allotment process. You can find the information on the IPO prospectus or application form.

Step 2: On the website, try to find the section named "IPO allotment status" on a similar tab.

Step 3: You may find the list of recent IPOs. You must choose the IPO you have applied for and click on it. After clicking on it, you will be redirected to a new page where you need to add your application details.

Step 4: Enter your application number and your PAN number.

Step 5: Next, submit the details by clicking "Submit" or "View Allotment Status." In the window, you can now see the allotment status.

Understanding the IPO Allotment Result

After IPO allotment, it is important to understand the IPO result. There are three possible outcomes after IPO allotment. They are as follows:

• Allotment Status

If you have received the shares, the website will show the number of shares you have.

• Rejection Status

In case your application status has been rejected, it will appear that your application has been rejected. The website will state the reason for rejection or specify that there is no allocation of shares.

• Waiting Status

Your allotment status can sometimes be under process or waiting status. In such cases, you will have to wait for the final allotment to be declared.

Tips for Investors

Applying for an IPO does not end with the submission of the application. The steps you take after applying are equally important and help you stay informed and also assist you to stay informed. Here are some of the tips to keep yourself posted about the allotment status:

1. Keep Multiple Methods Ready to Check Status

You can get the IPO allotment result through various platforms. These are the NSE/BSE site, the site of the registrar, your demat account, and broker sites. The availability of alternatives means that you can check the status at several locations simultaneously without the fear that the platform is unavailable.

2. Track Refunds in Case of Non-Allotment

If you do not receive allotment or partial allotment, the excess application money is refunded into your bank account. Track these funds and keep an eye on your bank account to receive the refund. This capital may be invested in other investment projects or in future IPOs.

3. Understand Pro Rata Allotment in Oversubscribed IPOs

In heavily subscribed IPOs, shares are often allocated on a pro-rated basis. Knowing this process helps you understand why you may receive fewer shares and prevents unrealistic expectations.

4. Avoid Last-Minute Panic – Check After Official Announcement

Allotment details are only updated after the official announcement. Checking too early can lead to misinformation; hence, it is best to wait for confirmed updates from official sources.

Conclusion

Once you have applied, it is very important that you get to know how to check the allotment status of the IPO. It authenticates the quantity of shares issued and assists in recording refunds and clarifying partial allocations. By using official channels, including the registrar site, NSE/BSE sites, or your broker site, one can easily access correct information and prevent any misunderstanding. Being proactive makes investing easier and gives you confidence when you participate in public offers.