How to check IPO allotment status in India?

Short Answer

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.

Detailed Answer

How are IPO’s Allotted?

IPO or Initial Public Offerings are getting pretty common these days as more retail investors are pouring money on them. Applying for an IPO can be done by UPI or ASBA. Once an IPO gets oversubscribed, the allotment is decided on a random lottery basis by complex algorithms. In this case, the applicant cannot do anything but wait till the allotment date to find out if they have received an allotment.

How to check the IPO allotment status?

To check the allotment status, there are 2 different ways, in which you can find out if you have received an allotment or the number of lots that you have received. The two methods are mentioned below.

1. BSE Website

You can find out the allotment status from BSE (Bombay Stock Exchange). To find out the allotment status, open the BSE India website, click on the ‘Status of Issue Application’.

Once you open this window, click on Equity, and the name of the IPO that you had applied for. After this enter your Application number of the IPO and your PAN number. Post this tick on the box that says, I’m not a robot and click on search. In this way, you will get to see all the details of the IPO. The number of shares allotted amount adjusted, refund amount, etc.

2. Registrar Website

The second method to find out the allotment status of an IPO is from the company registrar website. Let's take a recent example of the Glenmark Life Science IPO. TO find out the registrar of the company, simply Google ‘Glenmark Registrar’ and you will get the registrar companies name. In this case, it is KFintech Private Limited. Now that you know the name of the registrar company, head over to their website to know the allotment status.

Once you enter the website, select the IPO that you have applied for, enter the Application Number or your PAN number, post that enter the Captcha, and click on submit. By this, you will get to know how the number of shares that you have been allotted.

By these two methods, you can check your IPO allotment status in India.

Bonus Method

There is another method through which you can be certain of your allotment status. It is the Bank notification. Whenever you receive an IPO allotment, the money is debited from your bank. This is a clear indication of allotment. You can check the status of the blocked funds in your account to find out the status. If the funds get unblocked, it's a clear indication that you have not received any allotment. On the other hand, if the funds get debited, it means you have received the allotment.

The second informal way of finding out is, through your Email. After the allotment status is finalized, the registrar sends an email to all the applicants regarding their application status. In that email, you will get to know if you are allotted any shares or the number of shares that have been allotted to you. Although this might take some time, it can be considered as a way to figure out your allotment status. Lately, the allotment date is postponed by a day or two, hence don’t panic in case you cannot find your application status on the specified date.

Tagged With: Initial Public OfferingIPO AllotmentIPO ApplicationStock MarketBSE
Categories: IPO Basics
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Related FAQs

What is an IPO or Initial Public Offering?

IPO or Initial Public Offering is the process through which a private company goes public by offering its shares to the public for the first time.

How to Check IPO allotment in Zerodha?

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.

How to increase IPO allotment chance?

Subscribing for an IPO with multiple accounts, avoiding last-day applications, and choosing minimum bids are few ways to increase IPO allotment chances.

Can I apply more than one IPO application in my name from different saving bank accounts in same bank or different banks?

Only one PAN card can be used for one application. No matter how many different savings account details you might utilize, if there is the same PAN number in more than two applications, then all of them would be revoked.

What Happens when an IPO is oversubscribed in India?

IPO is alloted by following the pre-defined rule laid down by the SEBI. When an IPO is oversubscribed it gets allocated by considering the minimum lot size. If still not solved, then a computerized draw of lots is conducted.

Can we sell IPO shares immediately?

In an Initial Public Offering (IPO) a company sells its shares to investors in order to raise money. As a retail investor, you can apply for an IPO from the primary market in order to get the shares offered by the company. Once the shares get listed on the secondary market, you can sell your shares provided you have received an allotment in the primary issue.

What are Stock Market Timings in India? Normal Trading Hours

The operating hours for the Indian stock market is from 9 AM to 4 PM while remaining off on government holidays and weekends.

How to find good companies as there are many publicly listed companies in the Indian stock market?

To find good companies out of the thousand companies listen on the Indian stock exchange, you can filter stocks on the basis of certain parameters such as Market cap, Debt to Equity, Dividend payouts, Revenue and Profits growth, etc. You can easily use an online stock screener to find out these stocks.

Why did the Paytm IPO did not perform well after listing?

One97 Communications, the parent company of Paytm came up with the largest IPO in Indian history but failed to perform well. Firstly the IPO was too big for the retail investors to digest. Then the valuations were extremely high which led to the HNIs and Institutions avoiding the issue. All together the overhype in social media led to massive losses for the retail investors as the stock fell almost 40% in two trading sessions.

Is IPO investing good for new investors?

IPOs can be a good option for beginners as they provide an opportunity to get the shares of good companies at an attractive price. Though IPOs can provide good listing gains and quick profits, good companies can help you to create massive wealth in the long term.