How to check IPO allotment status in Zerodha? Where are the important deadlines and dates about IPO allotment in Zerodha?
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- Updated On:22-Apr-2024
- Replies:6
Short Answer
There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website.** To check the allotment status you can visit the website of the registrar of the IPO**, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status.
Detailed Answer
What is IPO Allotment Status?
Online IPO allotments status provides details about the number of shares allocated and applied to the investor in an Initial public offer (IPO).
How do we check IPO allotment status?
On the registrars' website, the IPO allotment status is available. By entering the PAN number or the IPO allocation number you can check allotment status. A basis of allotment documents are also published by the registrar of the IPO and this document provides the details of how the allotments are done and the number of applications received.
Where can we check IPO allotment status?
On the website of IPO registrar, investors can easily check the IPO allotment status and each IPO has a designated registrar such as Karvy, Link Intime. Registrar of an Initial public offer is a financial institution which is registered with SEBI and stock exchanges and they always keep the records of the ownership and issue of the company shares. The registrar is only responsible for allotment of shares to the IPO investors, transfer allocated share to the investors' Demat account and process refunds.
When can we check IPO allotment status?
Within one week of the public issue closing date, you can check IPO allotment status which is available online. The registrar of the IPO will announce the allotment.
How to stay informed of new IPO allotment status?
About the new IPO allotment status, the investors are informed by NSE, BSE, NSDL and CDSL through the mobile SMS and email.
How to apply for an IPO in Zerodha?
The IPO application process has been explained separately. You can have a quick overview here.
Investors can easily apply for an IPO through Zerodha by using any supported UPI app. To buy IPO follow the below steps:
1.Visit the Zerodha Console.
2.Select IPO from the portfolio menu.
3.Choose the IPO from the list of open issues.
4.Now, enter the UPI ID.
5.Place a bid in the ‘Price’ field.
After completing all the above steps, click on the checkbox to confirm that you have read mandatory documents and then click on the submit button. In the end, you have to accept a mandate request on your UPI app.
Once you submit the IPO bid, you will receive an email or SMS from the exchange for confirming your application at the end of the day. For the time being, in your application, you can check the status of the IPO which you have applied for and also can see the last updated bid.
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Discussion (5)
The details related to IPO allotment are not present on the website of Zerodha. You can select the IPO for which you have applied and check the allotment status, your order and the latest bids.
Zerodha does not avail this facility now where an individual can check their IPO status. There are other ways to check the status in the registrar IPO websites such as Karvy. PAN number is an essential detail which needs to be known if you are interested in checking the status. Also its important to check so make sure to keep a check on the websites properly.
Apart from checking the IPO allotment status in Zerodha, one can simply check the allotment status on the Registrar's website of that particular IPO. One can enter their PAN Number or the Application Number in order to get the Allotment status. Another effective way is the check the UPI mandate in the respective UPI apps. If the mandate gets revoked then it is clear that one has not received the allotment and Vice-Versa.
The feature might come up in future updates, but for now, there are other sites where you can check IPO allotment status. If you are looking to place an order, then do so after 10 am IST.
IPO's (Initial Public Offering) is very popular right now. Therefore getting an allotment is not easy. There are two different ways in which you can find out your allotment status. These are through the BSE India website and the company Registrar's website. Know the details and another bonus way of finding out allotment status here.
If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.
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The SEBI (Securities and Exchange Board of India) requires every IPO to get at least an overall 90% subscription to proceed to the allotment process. If an IPO fails to get a 90% overall subscription (including the QIB, NII, and Retail category) by the last day of the issue then the IPO is cancelled and the money collected from the investors is refunded back.
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Good quality IPOs are great options for investors when considering investing in an IPO. However, IPOs should not be taken as money multiplier instruments and invested in. Multiple IPOs have performed badly due to extremely high valuations and poor financials. Hence, it is important to evaluate the financials of the company before investing in them.
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IPOs are a great opportunity to buy shares and invest in fundamentally strong companies. IPOs can be checked through third party websites as Zerodha is yet to integrate this functionality into their platform.