How to Check IPO Allotment Status

You applied for an IPO. Now, you are waiting to find out if you got the shares. This is what basically refers to the IPO allotment status. The process of checking is very simple, and you will get all the updates. But the question is, how can you do so? Well, if you are new to trading and investing, read this to know the details. 

What is IPO Allotment?

IPO allotment is the process by which shares of a company going public are distributed among investors. It is given on a certain basis to the people who actually applied for the shares during the subscription window. 

Once the IPO subscription period closes, the registrar collects all valid applications. After that, it determines who receives shares and how many.

Now, there are usually two situations that happen:

• Oversubscription: This means more investors applied than there are shares available. In this case, the allotment is decided through a computerised lottery or on a proportionate basis. 
• Undersubscription: The IPO is not fully subscribed, meaning there are more shares available than demand. This means all applicants typically receive the shares they applied for.

The entire allotment process is governed by SEBI’s ICDR Regulations, which ensure a fair, transparent, and randomised distribution of shares.

What is IPO Allotment Status?

IPO allotment status is simply the process of checking whether you are allotted the shares or not. This will help you know the number of shares allotted and their value.

Once the registrar finalises the Basis of Allotment (BOA), the allotment status becomes publicly available. This is where the investors can check it using their PAN number, application number, or DP/Client ID.

When is IPO Allotment Status Declared?

IPO allotment status is usually declared 1 to 2 working days after the IPO subscription closes. The exact timeline will be based on the registrar. But this is an average timeline that you would see for most of the IPOs.

Now, this is how the work is carried on:

• Day 1 to 3: IPO subscription window is open.
• Day 4 to 5: Application data sent to the registrar for validation.
• Day 6: Basis of Allotment finalised; allotment status goes live.
• Day 7: Shares credited to the Demat accounts of successful applicants. At the same time, the refunds are initiated for unsuccessful ones.
• Day 8 to 9: Listing on stock exchanges.

Different registrars publish allotment results at different times of the day. Bigshare typically updates results around 7 PM, K Fintech around 11 PM, and MUFG Intime (formerly Link Intime) around 11:30 PM on allotment day.

Documents / Details Required to Check IPO Allotment Status

Now, when you are planning to check the allotment status, you will need to have some documents. These include:

• PAN Number (most commonly used).
• IPO Application Number (found on your ASBA bank receipt or UPI mandate).
• DP ID / Client ID (your Demat account details).
• Bank Account Number with IFSC (accepted by some registrars).

How to Check IPO Allotment Status: All Methods

There are four primary ways to check your IPO allotment status online. Each method is equally valid.

Method 1: Check IPO Allotment Status on the Registrar’s Website

1. Visit the official website of the registrar handling your IPO. The common ones in India are:
   1. KFintech (formerly Karvy)
   2. MUFG Intime (Link Intime)
   3. Bigshare Services
   4. Cameo Corporate Services
2. Look for the “IPO Allotment Status” section on the homepage.
3. Select the IPO name from the dropdown menu.
4. Choose your preferred search option: PAN Number, Application Number, or DP/Client ID.
5. Enter the required details carefully.
6. Click on “Submit” or “Search.”
7. Your allotment status will be displayed on screen, showing whether shares were allotted, and if so, how many.

Pro tip: If your PAN search returns “application not found,” try searching with your application number instead. Technical delays on registrar portals are common on allotment day due to high traffic.

Method 2: Check IPO Allotment Status on BSE

1. Visit the BSE official website.
2. Navigate to the “Investors” section and click on “Application Status / IPO Allotment.”
3. Select the IPO name from the dropdown list.
4. Enter your application number or PAN number in the field provided.
5. Complete the captcha verification if prompted.
6. Click on “Search.”
7. Your allotment details will appear on screen.

Method 3: Check IPO Allotment Status on NSE

1. Visit the NSE IPO verification page.
2. Select “Equity and SME IPO Bid Details” or “Debt IPO Bid Details” depending on your application type.
3. Choose the IPO name from the available options.
4. Enter your PAN number or application number.
5. Click “Get Data” or “Submit.”
6. Your bid and allotment information will be displayed.

Method 4: Check IPO Allotment Status on the Pocketful App

1. Log in to your Pocketful account on the app or web platform.
2. Navigate to the IPO section from the main menu.
3. Go to “Applied IPOs” or “IPO Status.”
4. Select the IPO for which you want to check the allotment.
5. Your allotment status, number of shares allotted, and refund details will be displayed directly within the app.

Pocketful makes IPO tracking seamless by consolidating your application details, allotment results, and Demat credit updates in one place. You will also receive push notifications and alerts once your allotment status is updated.

What Happens After IPO Allotment?

Once the allotment is finalised, here is what happens next.

• If you get the shares allotted, you will be able to find them in your demat account.
• If the allotment is not done which means your application is rejected. You will get a refund. This can take 1-2 working days.

Why Was My IPO Not Allotted?

There are several common reasons why an IPO application might not receive allotment:

Reason	What It Means
Oversubscription	More investors applied than the shares available, so allotment was done through a lottery system.
Invalid Application	Incorrect PAN, wrong bank details, or multiple applications using the same PAN can lead to rejection.
Insufficient Funds	The required amount was not available in the bank account for ASBA blocking.
UPI Mandate Not Approved	The UPI mandate was not approved within the given time limit.
Bid Below Cut-Off Price	The bid price was lower than the required cut-off price, making the application invalid in certain categories.

Tips to Improve Your Chances of IPO Allotment

While allotment in oversubscribed IPOs depends on luck in the retail category, here are a few strategies that may help:

• Apply through multiple eligible family members to improve overall allotment chances, as each PAN is treated separately.
• Apply only for the minimum lot size in the retail category, since smaller applications often have a better allotment probability in oversubscribed IPOs.
• Use the ASBA facility through your bank to avoid payment or fund-blocking issues.
• Recheck all details carefully before submitting.
• Submit the IPO application early to avoid last-minute server issues or delays.

Key Terms Related to IPO Allotment Status

• IPO: An Initial Public Offering is the process by which a company goes public. It offers shares to the people and raises capital.
• ASBA: Application Supported by Blocked Amount is a payment system. In this, the IPO amount remains blocked in your bank account until allotment is completed.
• Basis of Allotment: An official document released by the registrar. This shows how IPO shares were distributed among different investor categories.
• Cut-Off Price: The final issue price at which shares are allotted to retail investors who apply at the cut-off option.
• Lot Size: The minimum number of shares an investor must apply for in an IPO application.

Conclusion

Checking your IPO allotment status is simple. But it is only when you know where to look. You can use the registrar’s portal, BSE, NSE, or your broker’s platform, all of which provide real-time results after the allotment is declared. But if you are a beginner, looking for investing support, use Pocketful, where you can open a lifetime free demat account and trade without paying any brokerage on delivery based trades.