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

Excitement builds as investors eagerly await the results of their Initial Public Offering (IPO) applications. The IPO allotment status is the crucial moment when hopeful shareholders discover if they’ve secured a piece of the company they’ve invested in.

For many, checking the IPO allotment status is like unwrapping a gift. It’s the culmination of careful research, strategic planning, and a dash of luck. This process, once shrouded in mystery and delay, has been transformed by technology. Now, investors can quickly and easily find out if they’ve been allotted shares, often with just a few clicks or taps on their devices.

Understanding the IPO Allotment Process

The IPO allotment process determines which investors receive shares in a company’s initial public offering. This process involves several steps and key players, ensuring fair distribution of shares among applicants.

Key Players in the IPO Allotment Process

1. Registrar to the Issue: Manages the allotment process
2. Stock Exchanges: Help the bidding and allocation
3. Investors: Submit applications for share allocation
4. SEBI: Oversees the entire process to ensure compliance

Steps in the IPO Allotment Process

1. Application Submission: Investors apply for shares through their brokers or banks
2. Bid Collection: The registrar collects all bids from various channels
3. Bid Verification: The registrar verifies the validity of each application
4. Allotment Determination: Shares are allocated based on predetermined criteria
5. Allotment Finalization: The final list of successful applicants is prepared
6. Refund Processing: Excess funds are returned to unsuccessful applicants

Allotment Criteria

The allocation of shares depends on various factors:

Checking IPO Allotment Status

Investors can check their IPO allotment status through:

1. Registrar’s Website: Enter application number or PAN
2. Stock Exchange Websites: BSE or NSE provide status updates
3. Depository Websites: CDSL or NSDL offer allotment information
4. IPO Allotment Status Check Online: Use PAN number on designated platforms

Timeline for Allotment

The typical timeline for IPO allotment is:

Understanding the IPO allotment process helps investors navigate the share allocation system effectively. By following these steps and utilizing the available status check methods, applicants can stay informed about their investment outcomes.

How to Check IPO Allotment Status?

Investors check their IPO allotment status through various online platforms. The process involves using specific identifiers and following a few simple steps.

Check IPO Allotment Status on BSE

1. Visit the BSE website
2. Select “Equity” from the “Issue Type” dropdown
3. Choose the IPO name from the “Issue Name” dropdown
4. Enter the application number and PAN
5. Complete the captcha verification
6. Click “Submit” to view the allotment status

Check IPO Allotment Status on NSE

1. Go to the NSE IPO website
2. Click on the “Click here to Sign Up” option
3. Select the IPO from the dropdown menu
4. Enter the PAN number and application number
5. Solve the captcha
6. Click “Submit” to see the allotment details

Use the Registrar’s Website

1. Identify the IPO’s registrar (e.g., Link Intime, KFintech)
2. Visit the registrar’s website
3. Navigate to the IPO allotment status section
4. Select the company name
5. Enter the required details (PAN, application number, DP ID)
6. Click “Search” to view the allotment status

1. Log in to the net banking portal
2. Navigate to the IPO application status section
3. Select the IPO name
4. Enter the application number
5. Submit to see the allotment result

Investors receive confirmation of share allotment through SMS or email. The allotment status indicates the number of shares allocated or if the application was unsuccessful.

How to Check IPO Allotment Status at Registrar Websites?

Registrar websites offer a direct method to check IPO allotment status. Here are the steps to verify allotment on popular registrar platforms:

Link Intime India

1. Visit the Link Intime India website
2. Select “Company” from the dropdown menu
3. Choose the IPO name
4. Enter PAN number or application number
5. Input the captcha code
6. Click “Search” to view the allotment status

KFin Technologies

1. Access the KFin Technologies portal
2. Click on the “IPO Status” option
3. Select the company name from the list
4. Enter either PAN number or application number
5. Provide the captcha verification
6. Press “Submit” to see the allotment details

Bigshare Services

1. Go to the Bigshare Services website
2. Navigate to the “IPO/FPO/Bond Issue” section
3. Choose the relevant IPO from the dropdown
4. Input PAN number or application ID
5. Complete the captcha verification
6. Click “Submit” to view the status

1. Open the CAMS IPO Allotment Status page
2. Select the company name
3. Enter PAN number or application number
4. Provide the captcha code
5. Click “Submit” to check the allotment status

Each registrar website displays the allotment information, including the number of shares allocated or if the application was unsuccessful. Investors receive this confirmation through SMS or email as well.

These registrar websites provide a reliable and official source for checking IPO allotment status. Investors use these platforms to get accurate information directly from the entities managing the IPO process.

How to Check SME IPO Allotment Status?

Checking the allotment status of a Small and Medium Enterprise (SME) IPO follows a similar process to that of regular IPOs. Investors use online platforms provided by registrars to verify their allotment status. Here are the steps to check SME IPO allotment status:

1. Visit the Registrar’s Website:
   Access the website of the IPO’s designated registrar. Common registrars for SME IPOs include Link Intime India, KFin Technologies, and Bigshare Services.
2. Locate the IPO Section:
   Navigate to the “IPO/Corporate Actions” section on the registrar’s homepage.
3. Select the SME IPO:
   Choose the specific SME IPO from the list of active issues.
4. Enter Required Details:
   Provide one of the following:

• Application Number
• PAN Number
• DP ID/Client ID

5. Complete CAPTCHA:
   Enter the CAPTCHA code or solve the verification puzzle.
6. Submit and View Results:
   Click the “Submit” or “Check Status” button to view the allotment status.

For example, to check the status on Link Intime:

1. Go to linkintime.co.in
2. Click on “IPO/Corporate Actions”
3. Select the SME IPO name
4. Enter PAN or application number
5. Solve CAPTCHA and submit

The result displays the number of shares allotted or if the application was not successful.

Alternative Methods:

• BSE SME Platform:

1. Visit bsesme.com
2. Click on “Status of Issue Application”
3. Select Equity and the SME IPO name
4. Enter application number and PAN
5. Click “Search” to view status

• Stock Exchange Websites:
  Both NSE and BSE offer IPO allotment status checks for SMEs listed on their platforms.
• Broker Platforms:
  Many brokers provide IPO allotment status within their trading applications or websites.

Investors check their SME IPO allotment status to confirm share allocation and plan their investment strategy accordingly. The process is straightforward and provides immediate results, allowing for quick decision-making in the fast-paced SME market.

How to Check IPO Allotment Status on Stock Exchange Websites?

Stock exchange websites offer a convenient method to check IPO allotment status. Both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) provide platforms for investors to verify their share allocation.

BSE Website

1. Visit the BSE website (www.bseindia.com)
2. Click on the “IPO/FPO” option under the “Markets” tab
3. Select “Equity” from the dropdown menu
4. Choose the IPO name from the list
5. Enter the application number or PAN
6. Complete the CAPTCHA verification
7. Click “Submit” to view the allotment status

1. Go to the NSE website (www.nseindia.com)
2. Navigate to the “IPO” section
3. Click on “Check Application Status”
4. Select the IPO from the dropdown list
5. Enter the PAN number or application number
6. Verify the CAPTCHA
7. Click “Search” to display the allotment results

Both platforms provide real-time updates on IPO allotment status. Investors receive information on the number of shares allotted and the status of their application. The process takes less than two minutes, allowing for quick and efficient verification of IPO status.

Stock exchange websites update IPO allotment information regularly, ensuring investors access the most current data. This method proves particularly useful for investors who applied through multiple brokers or prefer a centralized platform to check their IPO allotment status.

Why Does the IPO Allotment Process Take Time?

The IPO allotment process involves several complex steps and multiple stakeholders, contributing to its duration. Here are the key factors that influence the time taken for IPO allotment:

1. Demand-Supply Analysis

• Registrars analyze the total demand for shares against the available supply
• This process requires careful evaluation of all applications received

2. Application Verification

• Each application undergoes thorough scrutiny for completeness and accuracy
• Invalid or incomplete applications are identified and filtered out

3. Investor Category Allocation

• Shares are allocated among different investor categories (e.g., retail, institutional)
• This ensures fair distribution as per SEBI regulations

4. Lottery System Implementation

• In case of oversubscription, a computerized lottery system is employed
• This fair and random process takes time to execute and verify

5. Data Processing and Reconciliation

• Large volumes of application data require processing and cross-verification
• Registrars reconcile information with depository participants and banks

6. Regulatory Compliance

• Adherence to SEBI guidelines and other regulatory requirements
• Compliance checks and approvals add to the overall timeline

7. Technical Infrastructure

• Processing millions of applications requires robust IT systems
• System capacity and performance impact the speed of allotment

8. Coordination Among Stakeholders

• Effective communication between registrars, stock exchanges, and banks
• Synchronization of activities across multiple entities takes time

The IPO allotment status check becomes available only after these steps are completed. Investors can then use various methods to check their IPO allotment status, including online platforms provided by registrars and stock exchanges. The thorough process ensures fairness and accuracy in share allocation, eventually benefiting all participants in the IPO.

Busting the Myth of Manipulated IPO Allotments

IPO allotment manipulations are a common misconception among investors. The Securities and Exchange Board of India (SEBI) implements strict regulations to ensure fair and transparent IPO allotments. Here are key facts that dispel the myth of manipulated IPO allotments:

Automated Allotment Process

The IPO allotment process is fully automated, eliminating human intervention and potential bias. Sophisticated algorithms handle the allocation of shares based on predefined criteria and regulatory guidelines.

SEBI Oversight

SEBI closely monitors the entire IPO process, including allotment. The regulatory body conducts regular audits and inspections to verify compliance with established norms and detect any irregularities.

Transparent Categorization

IPO applications are categorized into distinct investor groups, such as Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs). Each category receives a predetermined percentage of shares, ensuring fair distribution across investor types.

Randomized Lottery System

In cases of oversubscription, a computerized random lottery system allocates shares within each investor category. This system guarantees equal opportunities for all applicants, regardless of their application size or timing.

Public Disclosure of Allotment Data

Companies and registrars are required to publicly disclose detailed allotment data, including the number of applications received, shares allotted, and the basis of allotment. This transparency allows investors to verify the fairness of the process.

Independent Verification

Stock exchanges and independent auditors verify the allotment process to ensure compliance with SEBI regulations. Any discrepancies or irregularities are promptly reported and addressed.

Standardized Allotment Status Check

Investors can easily check their IPO allotment status through official channels such as the BSE, NSE, or registrar websites. These standardized platforms provide accurate and timely information, reducing the likelihood of manipulation.

Penalties for Non-Compliance

SEBI imposes severe penalties on companies, registrars, or any entities involved in IPO allotment irregularities. These penalties serve as a strong deterrent against manipulation attempts.

By understanding these safeguards and processes, investors can confidently participate in IPOs, assured of a fair and transparent allotment system.

Optimizing IPO Allotment Chances

Investors can enhance their chances of IPO allotment by understanding the process and following best practices. Staying informed about upcoming IPOs, carefully reading prospectuses, and applying in the right category are crucial steps. Diversifying applications across multiple categories when eligible can increase allotment odds.

It’s important to avoid common mistakes like applying multiple times from the same demat account or submitting incomplete applications. By leveraging technology, investors can track their application status efficiently and make informed decisions for future IPO participations. With a fair and transparent allotment system in place, investors can approach IPOs with confidence and potentially reap the benefits of early investment in promising companies.