IPO Allotment Status: A Complete Guide for Investors

The Indian stock market has witnessed a surge in Initial Public Offerings (IPOs) in recent years, with companies from various sectors raising capital and offering retail investors a chance to participate in their growth. Once you apply for an IPO, the next critical step is to check the IPO allotment status—a process that determines whether you’ve received shares or not.

This blog post will walk you through everything you need to know about IPO allotment status, including how it works, where to check it, key timelines, and common FAQs.

What is IPO Allotment?

IPO allotment is the process by which shares are distributed to investors who have applied for an IPO. Since demand often exceeds supply, shares are allotted based on certain rules and regulations laid out by the Securities and Exchange Board of India (SEBI).

The allotment status tells investors:

• Whether they have been allotted shares

• The number of shares allotted

• Refund details in case of non-allotment

Why It Matters

Knowing your allotment status helps you:

• Plan your investment strategy

• Prepare for listing day gains or losses

• Track refunds and balance funds efficiently

How IPO Allotment Works

When you apply for an IPO, you essentially express your interest to buy a certain number of shares. After the subscription period closes, the registrar to the issue conducts the allotment process.

Allotment Categories

IPO allotments are divided into different investor categories:

• Retail Individual Investors (RII)

• Non-Institutional Investors (NII)

• Qualified Institutional Buyers (QIB)

• Employees or Shareholders (if applicable)

Allotment in the Retail Category often happens via a lottery system when the issue is oversubscribed.

Refund Process

If you're not allotted any shares, the blocked amount in your ASBA (Application Supported by Blocked Amount) bank account is unblocked, and the funds become available again.

IPO Allotment Process Timeline

Note: Timelines are approximate and depend on company and registrar.

How to Check IPO Allotment Status Online

You can check your allotment status through various online platforms. Below is a simple list of the most reliable methods.

Ways to Check IPO Allotment Status

1. Registrar’s Website

   • Visit the IPO registrar’s website (e.g., Link Intime, KFin Technologies)

   • Select the IPO

   • Enter PAN, Application ID, or Demat account number

   • Submit to view status

2. BSE (Bombay Stock Exchange) Website

   • Go to https://www.bseindia.com/investors/appli_check.aspx

   • Select the IPO name

   • Enter your application number and PAN

   • Click "Search"

3. NSE (National Stock Exchange) Website

   • Visit https://www.nseindia.com

   • Go to the IPO section

   • Follow the instructions to check allotment

4. Brokerage Platforms

   • Many brokers like Zerodha, Groww, Upstox, and Angel One provide IPO allotment status within their app or website.

5. Email/SMS Notification

   • Some registrars and brokers send updates via email and SMS regarding your allotment status.

Common Terms Related to IPO Allotment

Understanding some basic terms can help you better navigate the IPO allotment process:

• ASBA: A facility to apply for IPOs where your money stays in your bank account until the allotment.

• PAN Number: Permanent Account Number used as an identity while applying.

• Demat Account: An account to hold shares in electronic form.

• UPI ID: Used by retail investors to approve IPO mandates.

Tips to Increase Your Chances of IPO Allotment

In an oversubscribed IPO, getting an allotment can be challenging. Here are some expert tips to improve your odds:

Smart Allotment Strategies

• Apply Using Multiple Demat Accounts
  Use different family members’ PAN numbers and Demat accounts to submit individual applications.

• Apply in Retail Category
  Keep your bid under ₹2 lakhs to qualify as a retail investor where lottery systems offer equal opportunity.

• Avoid Last-Day Application
  Apply early in the IPO window to avoid technical issues and ensure mandate approval.

• Use Correct UPI ID or ASBA Details
  Ensure accuracy to avoid application rejection.

• Check Market Sentiment
  Participate in IPOs with strong fundamentals and market demand.

FAQs About IPO Allotment Status

Q1. When is IPO allotment status usually declared?
Usually 3 to 6 working days after IPO closure.

Q2. What if I didn’t receive any shares?
Your ASBA account will be unblocked, and no funds will be deducted.

Q3. Can I cancel my IPO application?
Yes, you can cancel before the end of the bidding period.

Q4. Will I be informed if I don’t get the allotment?
You will not get a direct message, but your bank will release the blocked amount.

Q5. Can I sell IPO shares on the listing day?
Yes, if shares are allotted and credited to your Demat account, you can sell them on listing day.

Conclusion

The IPO allotment status is a key step in the journey of IPO investing. It helps investors understand whether they’ve been allocated shares and prepare for listing day accordingly. Thanks to digital platforms and seamless integration with banking systems, checking your IPO allotment status is now a quick and transparent process.

By understanding how allotment works, staying updated on timelines, and using smart application strategies, you can maximize your chances of benefiting from IPO investments. Always remember to invest in IPOs based on research, fundamentals, and market sentiment rather than hype.