Investing in the stock market has become more popular than ever, especially with the growing interest in Initial Public Offerings (IPOs). Whether you’re a seasoned investor or a first-time applicant, checking your IPO allotment status is a crucial step after applying. This article provides a detailed, step-by-step guide on how to check your allotment status and understand what it means for your investment journey.
What Is IPO Allotment?
Before diving into the process, let’s first understand what is IPO allotment.
IPO allotment refers to the process by which shares are allocated to investors who apply for them during an IPO. When a company issues shares to the public, it receives applications from retail investors, institutional investors, and high-net-worth individuals. If the IPO is oversubscribed (i.e., more applications than available shares), then shares are distributed through a lottery or proportionate basis.
In simple terms, allotment is when you find out whether or not you’ve received the shares you applied for in the latest IPO.
When Is IPO Allotment Status Announced?
IPO allotment status is typically announced 4–6 days after the IPO closing date. The timeline may vary slightly depending on the registrar handling the IPO. Once the allotment is done, investors receive a confirmation email or SMS, and refunds are initiated for those who did not receive any shares.
How to Check IPO Allotment Status: Step-by-Step Guide
You can check your IPO allotment status online through several methods. Here’s a simple step-by-step guide:
1. Visit the Registrar’s Website
Every IPO is managed by a registrar such as Link Intime, KFin Technologies, or Bigshare Services. Here’s how to check your allotment on the registrar’s portal:
- Go to the registrar’s official website (e.g., Link Intime or KFintech)
- Click on the “IPO Allotment Status” or similar link.
- Select the IPO name (for example, “XYZ Ltd IPO”) from the dropdown.
- Enter your application number, PAN, or DP ID/Client ID.
- Click on “Submit” or “Search”.
Your IPO allotment status will appear on the screen.
2. Check on BSE Website
BSE (Bombay Stock Exchange) also provides a platform to check IPO allotment status.
- Visit the BSE India IPO Status Page
- Select “Equity” as the issue type.
- Choose the IPO name from the list.
- Enter your application number and PAN.
- Click on “Search”.
If allotted, the number of shares and other details will be displayed.
3. Check on NSE Website
In some cases, the National Stock Exchange (NSE) also offers IPO status checks.
- Visit NSE India
- Navigate to the IPO section under “Market Data” or search for “IPO allotment”
- Login using your credentials or provide your application/PAN details
Please note that not all IPOs may be available on NSE for allotment checks.
4. Use Your Broker’s Platform
Most brokers like Zerodha, Groww, Angel One, Upstox, etc., allow you to check your IPO allotment status directly through their platforms:
- Login to your broker’s app or website
- Navigate to IPO section
- Go to “My Applications” or “IPO Order History”
- Select the IPO you applied for
The platform will display whether shares were allotted or not.
What Happens After IPO Allotment?
If you are allotted shares:
- The shares will be credited to your Demat account before the listing date.
- You can sell them on the listing day if you want to book quick gains or hold them for long-term growth.
If you are not allotted:
- The amount blocked during the application will be refunded or unblocked within a few days.
- You can use that amount to apply for another latest IPO or invest elsewhere.
Tips for IPO Investors
- Always apply using UPI-based ASBA (Application Supported by Blocked Amount) to ensure a smooth refund and allotment process.
- Apply through multiple demat accounts (family members) to increase chances of allotment.
- Keep an eye on the latest IPO updates through financial news portals and broker apps.
Conclusion
Knowing how to check your IPO allotment status is an essential step for any IPO investor. It not only confirms whether you’ve been allotted shares but also helps you plan your next move. By following the above steps, you can quickly check your allotment status through the registrar, BSE, NSE, or your broker platform.
Whether you’re investing in the latest IPO or just exploring opportunities, understanding what is IPO allotment and how it works can significantly improve your IPO investing experience.
