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.
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.
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.
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.
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.
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.