When you apply for an Initial Public Offering (IPO), one of the most awaited moments is finding out whether you received the shares. Once the allotment process is completed, investors can check their application details online to know whether shares have been allotted.
If you are searching for how to check IPO allotment status, you can get the details from the IPO registrar`s website or the stock exchange website or through your brokers’ portal. This requires basic application details. Here, we will see different ways to check IPO allotment status step by step.
What Is IPO Allotment Status?
IPO allotment status tells you whether shares have been allotted to you after applying for an IPO. The status is generally available after the registrar completes the IPO allotment process. If shares are allotted, the details will show the number of shares assigned to your application. If you do not receive an allotment, the status may show that no shares were allotted.
The IPO allotment result is usually made available after the basis of allotment is finalised. Investors can then use their application details to complete an IPO status check.
When Can You Check IPO Allotment Status?
Date of IPO allotment is the date at which allotment is completed and basis of allotment is prepared. This is normally included in the IPO schedule found in offer documents. Investors can check the IPO application status of their application in IPO after completing the process of IPO allotment. Before this date, results of IPO allotment are not available.
It is a good idea to check the IPO schedule to know the expected IPO allotment date and other important dates related to the issue.
What Details Do You Need to Check IPO Allotment?
Before starting an IPO allotment status check online, keep your application details ready. Depending on the platform you use, you may need:
PAN number
Application number
Demat account details
IPO application details
Your PAN number is one of the most commonly used details for checking an application. Some platforms allow an IPO allotment status check online by PAN number, making the process quick and convenient.
How to Check IPO Allotment Status Online
There are different ways to check IPO allotment status. The most common options are the IPO registrar, NSE, BSE and your broker.
1. Check Through the IPO Registrar
The registrar appointed for the IPO manages the allotment records. Once the IPO allotment process is completed, the registrar generally provides an online facility to check the result.
To check your status:
Visit the official website of the IPO registrar.
Select the relevant IPO.
Choose the required identification option, such as PAN or application number.
Enter the requested details.
Complete the verification, if required.
Submit the details to view your allotment.
This is one of the easiest ways to perform an IPO allotment status check online.
2. Check Through BSE or NSE
Investors can also view their IPO application details by visiting the BSE or NSE website. For BSE choose the IPO and enter the required details, for example, your PAN or application number, to see the BSE IPO allotment status.
Likewise on the NSE website investors can use the IPO section to check the NSE IPO allotment status. The NSE ipo status can provide information about the available applications and allotment status. If you are looking for NSE allotment status or NSE IPO allotment details, you can find them by entering the required details properly in the official site of the exchange.
3. Check Through Your Broker
You can also check your IPO application through your broker`s platform, such as Ajmera X-Change, if this facility is available. Log in to your trading or investment account and go to the IPO section. Select the IPO you applied for and enter the required details, if asked. The platform may show whether shares have been allotted to you once the IPO allotment result is available.
How Is IPO Allotment Decided?
IPO allotment depends upon the quantity of shares issued and the quantity of the application filed. When an IPO is oversubscribed, not all the applications might get the shares issued by the company. For investors IPO allotment usually happens by lottery when there are more valid applications than there are shares.
The registrar checks the applications and prepares the basis of allotment according to the applicable rules. Once the entire process is completed, investors can check their IPO allotment status to see whether shares have been allotted to them.
How to Know If You Got IPO Allotment
Once you check the IPO status, you will be informed if shares were allocated to you. In case of allotment, the status shows how many shares were allocated and the amount will be taken from the blocked amount. However, in case there is no allotment, then the blocked amount is released according to the process. You can even check IPO status through the registrar or other available sources.
There are different IPO allotment statuses which show your application result. Allotted means shares were allotted to you, Not Allotted means shares were not allotted to you, while Pending can mean that the process of allotment or status update is still ongoing.
What to Do After IPO Allotment?
Knowing what to do after an IPO allotment helps you stay on track to the next steps. After shares are allotted, you need to verify whether your Demat account shows credit and track the companies’ listing date. If you don`t get an allotment check if the money that was blocked has been released and look over your application again if there is a problem, with the refund or the unblocking of the funds.
What If You Did Not Get the IPO Allotment?
Not receiving an IPO allotment does not mean there is a problem with your application. When an IPO has more applicants than available shares the IPO allotment can be restricted.
You can verify the IPO allotment result to confirm the outcome. If no shares have been allotted, the blocked money is usually released according to the process. When checking the NSE allotment status or the BSE IPO allotment status ensure that you use the correct application details on the website.
Common Mistakes to Avoid
When checking your IPO allotment, avoid these common mistakes:
- Checking too early: Check the status only after the announced IPO allotment date.
- Entering incorrect details: Double-check your PAN or application number before submitting.
- Using unofficial websites: Use the official registrar, BSE, NSE, or broker platform to check your status.
- Confusing application and allotment status: Your IPO application status may not show the final allotment result immediately.
IPO Allotment vs IPO Listing
IPO allotment and IPO listing are two different stages of the IPO process. IPO allotment is when shares are assigned to successful applicants after the issue closes. The IPO listing is when those shares start trading on the stock exchange.
In simple terms, allotment decides whether you get the shares, while listing is when those shares become available for trading.
Conclusion
Checking your IPO result is a simple online process once the allotment has been finalised. You can use the registrar`s website, BSE, NSE or your broker, such as Ajmera X-Change, to find the relevant IPO details.
Whether you want to check IPO allotment status, perform an ipo status check, or find your IPO allotment result, keeping your PAN or application details ready can make the process easier. Always use the official platform and verify your details before submitting them.