Nothing compares to the thrill of getting ready for a public offering (IPO), but it can take a long time to get the allotment status of shares that have been allotted. That is why knowing how to check IPO allotment status online is essential for all investors. We provide a complete guide to help you through the entire process, ranging from what an allotment is to how to check the status of your IPO quickly. For those looking to gain more expertise in this area, quality stock market training is an excellent resource.
What Is IPO Allotment?
In a public offering, IPO allotment takes place when shares are allocated to investors who applied to take part in the IPO. Oftentimes, the number of shares is oversubscribed, which means that there are more investors who want shares than are available. In those instances, the allotment is generally performed randomly through a lottery system for the retail investors; your IPO allotment status will confirm if you were successful or not, and if so, how many shares you were allotted.
What is the IPO Allotment Process?
Once the IPO application window is closed, the registrar, which is a third-party agent, will commence with the allotment process. This includes verifying the applications and ensuring that an investor uses only one Permanent Account Number (PAN) to submit one application in the retail category. Once applications are received, the registrar will prepare the final allotment list of the successful allottees. The IPO allotment date is when this final list is made available publicly, and investors can check their status. Your shares would get credited to your demat account on the listing date.
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Different Ways to Check IPO Allotment Status Online
There are three major ways to get access to an IPO allotment status check from the comfort of your home. It pays to try all three if you have recent technical problems.
Method 1: Checking with the IPO Registrar (Most Reliable)
The registrar is the official entity entrusted with the share allotment. The best way you can access your IPO allotment status online is to check the registrar's website. You only need your PAN card or application number to access their website. The major registrars in India are Link Intime, KFintech, and Bigshare Services. Just access their website, select the IPO in the drop-down, and input the required details to get your registrar IPO allotment check.
Method 2: Checking on the Stock Exchange Websites
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) both provide a tidy option for checking an IPO status. This is a quick alternative.
For NSE: Go to the official NSE website, click on the IPO section, then click the IPO name and enter your application number or PAN for the NSE IPO allotment status check.
For BSE: Go to the BSE and click on the dedicated IPO allotment page. Once there, you will be asked to choose the issue name and enter your application number or PAN. This is another quick way to check your BSE IPO allotment status.
Method 3: Through Your Brokerage/Demat Account
Many modern brokerage platforms have an IPO allotment status check option that is available online from their app or website. Within your brokerage account, you can usually find the status of your IPO application in the "Orders" or "IPO" section of your account.
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Why Is It Important To Check IPO Allotment Status?
It is vital to check your IPO allotment status in a timely manner for a few reasons. First, it allows you to ascertain whether your application was successful or not, and to prepare for listing day if you have been issued stock. Secondly, in the unfortunate event that you have not been allotted shares, you should check your status so you can receive your refund in a reasonable time frame. The money that was blocked for your application will automatically return to your account. Checking the status through the IPO allotment status by PAN card method is especially useful because it is quick and simple, and it will keep you from having to remember your application number.
Conclusion
The ways to check your IPO allotment status are simple, and by using one of the multiple online options available today, it is easier than ever to make sure your time and money are paid off. Whether you check through the IPO registrar's website, the stock exchanges, or your broker, a quick check could ease your mind. And as long as you have your PAN card and application number available on the IPO allotment date, you should be able to trace out if you were one of the lucky ones. For further learning on managing your investments, our NIFM Certified Smart Investor Course on our course page is a great next step, offering a comprehensive look at the market through our expert-led stock market courses.
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