Participating in an Initial Public Offering (IPO) can be an exciting opportunity for investors looking to buy shares of a company before it becomes publicly traded. Once you submit your IPO application, the next crucial step is checking whether you’ve been allotted any shares. Knowing how to watch IPO allotment status is essential for timely planning, whether you intend to hold the shares or sell them on the listing day. This guide explains various methods and steps to check IPO allotment in a clear and practical manner, suitable for both new and seasoned investors.
Understanding IPO Allotment
What Is IPO Allotment?
IPO allotment refers to the process of assigning company shares to investors who have applied during the IPO window. Since demand often exceeds the number of available shares, allotment is usually done through a lottery system, especially for retail investors. The result indicates whether you have received full, partial, or no shares from your application.
When Does Allotment Happen?
The IPO allotment typically happens a few days after the IPO subscription closes. Most companies complete this process within 5 to 7 working days. The exact timeline may vary depending on the registrar and stock exchange involved.
Methods to Watch IPO Allotment
Through the Registrar’s Website
The registrar of the IPO is responsible for processing applications and finalizing allotments. Some of the common registrars include Link Intime, KFintech, and Bigshare Services. Here is how to check the IPO allotment status through the registrar:
- Visit the registrar’s official website.
- Look for the section labeled IPO Allotment Status.
- Select the IPO from the dropdown list.
- Enter your PAN number, application number, or DP/Client ID.
- Click on Submit to view the status.
If the shares are allotted to you, the details will show the number of shares allotted. If not, you will see a message stating no allotment.
Using Your Demat Account or Broker’s Platform
Many stockbrokers provide a simple way to check IPO allotment within their trading or Demat platforms. Popular brokers like Zerodha, Groww, Angel One, and Upstox notify users via app alerts or email. To check through your broker:
- Login to your broker’s app or website.
- Go to the IPO section or Order History.
- Locate the IPO you applied for.
- Click on Application Status or Allotment Status.
This is often the easiest method as you don’t need to enter any additional information your account is already linked.
Through the Stock Exchange Website
Both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) offer IPO allotment tracking. Here’s how you can check through the BSE website:
- Go to the BSE official website.
- Click on Status of Issue Application.
- Select the IPO you applied for.
- Enter your PAN and application number.
- Click Search to get the status.
The NSE may require prior registration to view allotment status, so not all users prefer this method.
Key Information Required to Check IPO Allotment
To check IPO allotment status online, make sure you have the following information handy:
- PAN (Permanent Account Number): Your unique tax identification number used during IPO application.
- Application Number: A reference number provided after IPO submission.
- DP/Client ID: Your Demat account details linked to your broker and depository.
Any one of these identifiers is usually enough to check the status.
Understanding IPO Allotment Results
Types of Allotment Outcomes
- Full Allotment: You received all the shares you applied for.
- Partial Allotment: You received some shares due to oversubscription.
- No Allotment: Your application was not selected in the lottery system.
What Happens If You Don’t Get Allotted?
If you did not receive any shares, the money that was blocked in your bank account (ASBA Application Supported by Blocked Amount) will be automatically released. This typically takes 3 to 5 working days after allotment finalization.
Why IPO Allotment May Be Rejected
There are several reasons your IPO application may not result in allotment:
- High oversubscription, especially in the retail category
- Incorrect PAN or Demat details
- Duplicate or multiple applications from the same PAN
- Insufficient funds at the time of blocking
To reduce the chance of rejection, always ensure your application is complete, accurate, and funded properly.
Allotment Timelines and Listing Dates
IPO allotment follows a specific timeline, and being aware of it helps investors plan ahead:
- IPO Closes: Investors apply until the closing date.
- Allotment Finalization: Occurs within 57 days after closure.
- Refunds and Credit of Shares: Unsuccessful applicants receive refunds; allotted shares are credited to Demat accounts.
- Listing Date: Usually 23 days after allotment, shares are listed on the stock exchange.
Tips for a Smooth IPO Allotment Experience
Apply Through Multiple Accounts
One legal way to improve your chances is to apply through family members using different PAN numbers and Demat accounts.
Verify All Details Before Submitting
Double-check your PAN, Demat ID, and bank details to avoid technical rejections during allotment.
Track Your Application Regularly
Once the IPO closes, keep an eye on allotment notifications through SMS, email, or your broker app to stay updated.
Common FAQs About IPO Allotment
When will I know if I got IPO shares?
Most IPO allotments are announced within a week after the IPO closes. You will be notified via SMS or email if you are allotted shares.
Is there a fee to check IPO allotment status?
No, checking IPO allotment status is completely free. All official platforms provide this service at no cost.
Can I sell shares immediately after allotment?
You can sell your shares only after the IPO is listed on the stock exchange. You will see them in your Demat account by the listing date.
Knowing how to watch IPO allotment is an essential part of participating in the stock market. Whether you use the registrar’s website, your broker’s platform, or the stock exchange portal, keeping track of your application helps you act quickly and plan your next investment steps. Always make sure your application details are accurate, and use secure methods to check your status. As IPOs continue to gain popularity among retail investors, being informed and proactive can enhance your investment experience and help you seize market opportunities.