How to Check IPO Allotment Status Online: A Step-by-Step Guide

Checking the IPO (Initial Public Offering) allotment status online is an essential step for investors to know their application status to know whether their bid got allotted or not in their IPO allotment process. There are many ways that one can check their allotment status via exchanges, brokers, and registrar.

What is IPO Allotment?

IPO allotment is the allocation of shares to a company's new investors, which distributes its shares to investors after the bidding period ends. It has been managed solely by the registrar in consultation with the Stock Exchange, it looks at valid bids that meet the eligibility criteria and cut-off price. 

If the IPO is undersubscribed, all applicants get the shares as their bid request, this entire IPO allotment announcement is done after 1-2 days after the IPO bidding period is over. However, if it is oversubscribed, shares are allocated either proportionally or through a lottery. 

Successful applicants get shares credited to their registered Demat accounts, while refunds given for unallotted shares go back to the source.

How to Check IPO Allotment Status NSE?

To check your IPO allotment status on the NSE, you need to visit the official NSE website. Once there, look for the Invest section on the homepage and locate the “NSE India IPO Allotment”. Click on it, and you will be redirected to a new page to enter details like IPO name your application number, and pan details. 

After entering the required information, click on the Submit button. This will display your IPO allotment status, indicating whether your application was allotted or not.

How to Check IPO Allotment Status BSE?

To check your IPO allotment status on the BSE, it has provided a separate page to check the IPO allotment process for investors. Once you click on the BSE INDIA IPO allotment it will be directly redirected to the IPO allotment page where you can check your IPO allotment status. Selecting IPO name and entering the basic details like your application number and pan details. 

After entering the required information, click on the Submit button. This will display your IPO bid allotment status, indicating whether your application was allotted or not.

How to Check IPO Allotment Status through Registrar?

Step 1: Find the Registrar for the IPO

• Each company has a different registrar to manage its IPO allotment process, and each registrar has a dedicated link for checking IPO allotment status. 
• The registrar’s name can be found on the DRHP document of the IPO, or you can find it in the trading platform (Stockbroker) that you used for bidding the application.

You can visit the respective stock exchange websites (BSE or NSE) for more details about the ipo and the registrars.

Step2: Gather Required Information of the Bid

• To check the allotment status, you’ll typically need any one of the following details application number, PAN number, DPID number, Bank account number/ IFSC code.
• The application Number is the unique number you received via MAIL/SMS or both when you applied for the IPO via your broker.

Step 3: Visit the IPO Allotment Status Page

• Go to the registrar’s website which your applied company had registered and look for the IPO Allotment Status section. 
• Usually, these pages will be titled like "IPO Allotment Status" or “Check Allotment Status here.” 
• In the registrar websites like Link Intime India, Kfintech, Bigshare Services, Cameo Corporate Services
• Once redirected to the allotment status page, select your ipo and enter your Application Number or PAN Number DPID, or Bank account number/ IFSC code as per the website’s requirement. 
• Then Click on the "Submit" or "Check Status" button after entering the required details. 
• The page will display the allotment status whether your bid got allotted or not.

If your big got allotted: The status will show the number of shares allotted and funds adjusted or deducted.

If your big got not allotted: It will show that no shares have been allotted, and no funds got adjusted or deducted.

Check Through Demat Account

Many brokers and trading platforms also allow you to check your IPO allotment status directly through their portal. If you applied through a specific trading platform like Zerodha, Upstox, or Groww, they may display the IPO allotment status under your IPO application section, enter your details an check the status.

What are the Factors Involved in Affecting IPO Allotment

Several factors influence how IPO allotment is being decided be the Registrar. Here’s a simple breakdown:

Subscription Rate: 

• If the IPO is oversubscribed the allotment will be lower. Because if the ipo got 10X more bids than required, only a portion of your application might be successful.

Number of Shares Applied: 

• The more shares you apply for, the higher the chance of getting an allotment, but this still depends on the overall demand of the subscription rate.

Pro-Rata Basis:

• In case of oversubscription of an IPO, the shares are allotted on a proportional basis. 
• For instance, if 1,000 people apply for 1,000 shares, and there are only 500 shares, everyone will get 50% of what they applied for and the proportional rate might be changed upon the subscription rate.

Lottery System: 

• If the IPO is heavily oversubscribed, sometimes shares are allotted randomly through a lottery method. 
• This is often used to give everyone an equal chance to experience the process of IPO.

Category of Investor: 

• The IPO allotments can vary based on the category you fall into it such as retail, institutional, high-net-worth individuals, or ultra-high-net-worth individuals. 
• Retail investors generally have a better chance in their retail category.

Issue Size: 

• The total number of shares offered also plays a role. 
• The bigger the IPO mean the bigger the chances are there for allotment, while a smaller one may result in fewer shares for each applicant.

Who Decides the IPO Allotment?

The Registrar is fully responsible to the allotment for deciding and managing the IPO allotment process. After the IPO subscription period ends, the registrar will start the process of all the applications, ensuring that the allotment is done in a fair, clear, and transparent manner. 

The registrar ensures the technical terms of the allotment, such as verifying applications, deciding the allocation of shares based on the subscription rate basis, and ensuring compliance with regulatory requirements set by SEBI. 

They maintain records of all applicants, oversee the share distribution, and facilitate the crediting of allotted shares to the investor's registered Demat accounts. In simple terms, the registrar ensures that the IPO allotment process is executed smoothly and in line with the guidelines provided.

How to Calculate IPO Allotment

The calculation of IPO allotment is based on the lot size of an investor who has applied for the IPO. The total number of shares offered in the IPO, and the demand for those shares upon price band. In the case of oversubscription, the allotment process is typically done using a proportional basis or lottery-based method. 

• To calculate your IPO allotment, first need to determine the lot size. 
• Next, check the issue size of the IPO and the subscription rate. 
• If the IPO is oversubscribed, the allotment will be reduced, based on the number of applications and the size of the issue.

Example: 

If the subscription rate is 10x and you applied for 1,000 shares, the chances of receiving an allotment are much lower, and you might only get a fraction of shares or none, depending on the allocation method used which they use. After the allotment process, the number of shares allotted to the investor will be released by the registrar

Once the allotment is confirmed, the allotted shares will be credited to your Demat account. If you aren’t allotted any shares, your money will be refunded or returned to your source. The allotted shares are available to sell on the listing day after 10:00 AM