IPO Allotment Status, Check IPO Allotment Date & Link 2025
IPO allotment status is a crucial step in the IPO process, providing investors with details about the shares allocated to them. The registrar of the public offer is responsible for handling share allotment during an IPO. For main board offers, KFin Technologies and Link Intime are the leading registrars, while Bigshare is the prominent player for SME IPO allotment status. In this article, we will explore the IPO allotment process and offer insights on how to check the IPO allotment status.
Understanding the IPO Allotment Process
After subscribing to an IPO, investors usually wait for about a week. During this period, applications are sorted, vetted, and any incomplete applications are removed. The next step is the allotment process, which is conducted by the registrar of the offer. The registrar handles the allotment of shares, transfers them to the investors' demat accounts, and processes refunds for unsuccessful applications.
How to Check IPO Allotment Status?
Checking IPO Allotment Status:
1. Registrar Websites: The registrar's website is the primary source for checking your IPO allotment status. Investors can visit the respective registrar's website and enter either their PAN (Permanent Account Number) or the IPO application number to find out how many shares were allotted.
2. Stock Exchange Websites: The Bombay Stock Exchange (BSE) provides a facility on its website to check allotment status. However, the National Stock Exchange (NSE) does not currently offer this service.
3. Bank Account: If the registrar and stock exchange websites are slow or inaccessible, investors can check their bank balances as an alternative way to gauge their allotment status.
4. Credit in Demat Account: Once shares are allotted, they are credited to the investors' demat accounts. Investors can log into their demat accounts to verify whether the shares have been credited.
How to Check IPO Allotment Status at Registrar Websites?
Registrar websites are often the best way to check IPO allotment status. Here are the links to the IPO allotment status pages of various registrars:
Link Intime IPO Allotment Status
How to Check SME IPO Allotment Status?
SME IPOs operate under different dynamics than mainboard IPOs. Typically, there are more SME IPOs, but the participation of small retail investors is often limited due to higher capital requirements. Below are links to the IPO allotment status pages of well-known registrars for SME IPOs:
How to Check IPO Allotment Status on Stock Exchange Websites?
Among the major stock exchanges in India, only BSE allows investors to check allotment status while NSE has no such facility as of now. When compared with the experience of registrar websites, BSE IPO status is a breeze. Here is the link for the BSE IPO status
Why Does the IPO Allotment Process Take Time?
The IPO allotment process consists of several steps and follows the regulations established by the Securities and Exchange Board of India (SEBI), the market regulator. SEBI has outlined a timeline for IPOs that begins on the subscription date and continues until the eventual listing. Although the introduction of electronic handling of applications has improved the efficiency of the allotment process, investors must still wait a specific period due to regulatory requirements.
In August 2023, SEBI announced a change in the IPO listing timeframe to T+3, meaning that IPOs must be listed within three days after the issue closing date. These new rules will take effect in December 2023.
SEBI also aims to transition to a T+1 settlement cycle in India. If this change is implemented, it will further speed up the IPO allotment timeframe, to the benefit of investors.
Debunking the Myth of Manipulated IPO Allotment
A common concern among investors who do not receive share allotments in public offers is whether the IPO allotment process is manipulated. It is important to understand that the IPO allotment process is computerized and entirely random. The high demand for IPOs often leads to oversubscription, resulting in many investors not receiving allotments. This can create a perception that only a select few investors are favored.
While it is true that registrar websites may experience crashes or delays when publishing the IPO allotment status, there is no substantial evidence to suggest that the process is unfair. SEBI has clearly outlined the steps and responsibilities of all intermediaries involved in the IPO allotment process, including registrars. Therefore, investors can trust that the process is conducted with integrity.
Optimizing IPO Allotment Chances
Avoid Oversubscription: When an IPO is oversubscribed, making large applications does not necessarily increase the chances of receiving a higher allotment. In such cases, it is only when the retail category receives fewer applications than earmarked that investors have a better chance of obtaining a larger allotment. It is crucial to analyze the demand and subscription details before making investment decisions.
Research the IPO: Before applying for an IPO, it is advisable to thoroughly research the company, its financials, and its growth prospects. Understanding the fundamentals and evaluating the IPO’s potential can help investors make informed decisions.
Consult with Financial Experts: Seeking advice from financial experts or professionals in the field can provide valuable insights into the IPO market. They can help analyze the IPO’s prospects, assess risks, and guide investors in making appropriate investment choices.
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