How to Check Your IPO Allotment Status: A Step-by-Step Guide for First-Time Investors

A substantial flow in any kind of investment can take place in the case of participation in an initiation public offering (IPO). This is a process where companies raise money by selling shares of themselves to the public for the very first time. IPOs are for those who intend to become early investors in a company that is going public.

Understanding the IPO Process

As you begin checking the allotment status, it is important to know some basic steps of the IPO process. When a company decides to go public, it files a draft red herring prospectus (DRHP) with the market regulator, detailing its business and financials. Once approved, the regulator then notifies the company, after which the company announces the dates for the public offer, price band, and lot size.

Investors are invited to apply for the shares during the IPO subscription. After the subscription closes, the IPO's registrar processes all logs received from applicants for allotment based on demand and supply.

Once the allotment process is complete, the investors can check whether shares will be allotted to them.

Step-wise Guide for Checking Your IPO Allotment Status

Step 1: Visit IPO Register's Website

Every IPO is managed by a registrar, which is a SEBI-registered agency that is responsible for processing applications and allotments. Common registrars include Link Intime India and KFin Technologies.

First, check the homepage of the registrar. It is usually mentioned either in the prospectus or in the stock exchange section.

Step 2: Enter the Allotment Section

Then select the option "IPO Allotment Status" from the registrar's menu. This section usually appears on the main menu or homepage in an active IPO season.

Step 3: Select the IPO

Select the relevant IPO from a list of recent IPOs alongside its name. IPOs are usually listed by name in descending order according to the date by the registrar.

Step 4: Enter Your Details

Enter any of the following:

• PAN (Permanent Account Number)
• Application Number
• DP Client ID
• Bank Account Number
• Also, capture the security detail.

Step 5: View Allotment Status

Once you submit your application, you will see your status through allotment. If you receive shares, it will indicate how many are allocated to you.

Another Way to Check Your Allotment through Stock Exchange Websites

Allotment information is also provided to investors through stock exchanges like BSE and NSE.

Checking Through Your Broker or Demat Account

Various brokerages, such as Zerodha, Upstox, and Groww, allow window access via their app or website. Investors log into their Demat accounts to check the IPO status under the "IPO" or "Order History" section.

You can also receive SMS or email notifications from your broker or registrar.

What Happens If You Don't Get Any Allotment?

Allotments for IPOs occur against the total shares that are on offer and the total number of applications received. All oversubscribed IPOs use a lottery system or proportionally allocated based on demand for allotment.

When an application is not allotted: The blocked amount in a bank account (via ASBA) gets unblocked or refunded. You can check your account for a refund. No action is required from you in this case.

Key Dates to Be Kept An Eye on

After applying for their IPO shares, an investor must monitor the following dates:

• IPO closing date
• Allotment finalization date
• Refund initiation date
• Credit of shares to Demat account
• Listing date on the stock exchange

These dates usually appear in the IPO timeline section of the company's prospectus or the stock exchange website. Final Thoughts Checking your IPO allotment status is very easy, and you can do it through different mediums. Whether you use the registrar's website, the BSE/NSE platform, or the app provided by your broker, the process generally only requires either your PAN or application ID.