How to Check IPO Allotment Status Online?

Initial Public Offerings (IPOs) have gained massive popularity among retail and institutional investors alike. The excitement of applying for an IPO and waiting for the allotment status is unmatched. But how do you find out if you’ve been allotted shares or not? In this article, we’ll guide you step-by-step on how to check IPO allotment status online, making the process quick and hassle-free.

What is IPO Allotment?

IPO allotment refers to the process by which shares are distributed to investors who apply for an IPO. Once the bidding process ends, the company and its registrar allocate shares based on demand and availability. If an IPO is oversubscribed, the shares are allotted via a lottery system for retail investors, while institutional investors are allotted shares based on proportional demand.

Why is Checking IPO Allotment Important?

Knowing whether you’ve been allotted shares is crucial for planning your next steps. If you receive an allotment, you can prepare to hold or sell the shares post-listing. If not, the refund process begins, and you can consider other investment opportunities.

Step-by-Step Guide to Check IPO Allotment Status Online

Check Through the Registrar’s Website

The registrar of an IPO handles all aspects of the allotment process. Registrars like Link Intime India, KFin Technologies, or others provide an easy way to check your allotment status.

Steps:

• Visit the registrar’s official website. For example, go to Link Intime or KFin Technologies.
• Navigate to the “IPO Allotment Status” section.
• Select the IPO you applied for from the dropdown menu.
• Enter your application details like (PAN (Permanent Account Number), DP ID/Client ID (for demat accounts), Application number)
• Click on the “Submit” button.
• The screen will display whether you’ve been allotted shares or not.

Check Through the Stock Exchange Website

You can also check your IPO allotment status via the websites of stock exchanges like the BSE (Bombay Stock Exchange) or NSE (National Stock Exchange).

Steps on BSE:

• Go to the BSE IPO Allotment Page.
• Enter your details like (Issue Name (Select the IPO from the list), PAN, Application Number, Client ID)
• Click on the “Search” button.
• If shares are allotted, the details will be displayed.

Steps on NSE:

• Visit the NSE IPO Allotment Page.
• Enter the required details like PAN or Application Number.
• View the allotment results.

Check Through Your Broker’s Platform

Most brokers provide IPO application and allotment status updates directly through their trading platforms or apps.

Steps:

• Log in to your broker’s app or website (e.g., Zerodha, Upstox, Angel Broking).
• Navigate to the IPO section.
• Select the IPO you applied for.
• Check the allotment status under your application details.

This method is convenient as brokers also send notifications regarding allotment results.

Use Your Bank’s Net Banking Portal

If you applied for an IPO via your bank’s ASBA (Application Supported by Blocked Amount) service, you could check your allotment status through the bank’s net banking portal.

Steps:

• Log in to your bank’s internet banking account.
• Go to the “IPO” or “Investment Services” section.
• Select the IPO you applied for.
• View your allotment status.

Banks usually update allotment details promptly once they are available.

Key Details You Need to Check IPO Allotment

To check your IPO allotment status online, ensure you have the following information handy:

• PAN (Permanent Account Number)
• DP ID/Client ID (provided by your depository participant)
• Application Number (mentioned on your IPO application form)

Without these details, you may face difficulties in retrieving your allotment status.

What Happens After IPO Allotment?

Once the IPO allotment is complete, here’s what happens next:

Successful Allotment:

Shares will be credited to your demat account.
You can track these shares through your broker’s trading platform.

No Allotment:

The blocked funds in your bank account will be released.

IPO Listing:

Post-allotment, the company’s shares are listed on the stock exchange. Based on market demand, the share price may rise or fall during the listing. Tips for a Smooth IPO Application and Allotment Process

Apply Through Multiple Applications:

To increase your chances, apply from different demat accounts using unique PANs.

Ensure Correct Details:

Double-check your PAN, application number, and demat account details to avoid errors.

Track Allotment Announcements:

Stay updated on allotment dates through company announcements or registrar websites.

Check Refunds Promptly:

If you’re not allotted shares, ensure your refund is processed without delays.

Conclusion

Checking IPO allotment status online is a straightforward process if you know where to look. Whether it’s through the registrar’s website, stock exchanges, or your broker’s platform, staying informed helps you plan your next steps effectively. By following the methods outlined in this article, you can quickly find out whether you’ve hit the jackpot or need to wait for the next opportunity.

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