IPO Allotment Status: Your Quick Check Guide

Participating in an Initial Public Offering (IPO) can be an exciting venture, offering the potential for significant returns. However, after the initial excitement of applying, the next step is often filled with anticipation: checking your IPO allotment status. Did you get the shares? This article provides a comprehensive guide on how to navigate this process, ensuring you're well-informed every step of the way.

Understanding the IPO Allotment Process

Before diving into the "how-to," let's briefly understand the allotment process. When a company goes public, it offers a fixed number of shares. If the IPO is oversubscribed (meaning there are more applications than shares available), the allotment is typically done through a lottery system. This ensures a fair distribution among applicants.

The allotment process is managed by the Registrar of the IPO, an entity appointed by the company to handle the application and allotment procedures. They are responsible for processing applications, determining the allotment, and updating the status online.

Where to Check Your IPO Allotment Status

There are primarily two avenues to check your IPO allotment status:

• Registrar's Website: This is the most direct and often the fastest way. Each IPO has a designated registrar. You'll need to visit their website and look for the IPO allotment status section.
• BSE (Bombay Stock Exchange) Website: BSE also provides a platform to check allotment status for IPOs listed on their exchange.

Step-by-Step Guide: Checking Allotment Status Online

Let's break down the process with a step-by-step guide:

1. Identify the Registrar

The first step is to identify the registrar for the IPO you applied for. This information is usually available in the IPO prospectus or on financial news websites.

2. Visit the Registrar's Website

Once you've identified the registrar, visit their official website. For example, some popular registrars include Link Intime India Private Ltd and Bigshare Services Pvt Ltd.

3. Find the Allotment Status Section

On the homepage, look for a section related to IPO allotment status. This may be labeled as "IPO Allotment Status," "Check Allotment," or something similar. The navigation might vary slightly depending on the registrar's website design.

4. Select the IPO

You'll likely see a dropdown menu or a list of IPOs that the registrar is currently handling. Select the specific IPO you applied for.

5. Enter Your Details

You'll be prompted to enter certain details to identify your application. This usually includes one of the following:

• PAN (Permanent Account Number): This is the most common method.
• Application Number: This is the number you received when you submitted your IPO application.
• DPID/Client ID: If you applied through your Demat account, you can use your DPID (Depository Participant ID) and Client ID.

Enter the required information accurately.

6. Submit and View Status

After entering the details, click the "Submit" or "Check Status" button. The website will then display your IPO allotment status.

Interpreting Your Allotment Status

The allotment status will typically be one of the following:

• Allotted: Congratulations! You have been allotted the shares you applied for. The shares will be credited to your Demat account within a few days.
• Not Allotted: Unfortunately, you have not been allotted any shares. This is common in oversubscribed IPOs. The application money blocked in your account will be released.
• Partially Allotted: In some cases, you might be allotted only a portion of the shares you applied for.

Checking on the BSE Website

Alternatively, you can check your allotment status on the BSE website:

1. Visit the BSE India website.
2. Go to the "Investors" section.
3. Click on "IPO Allotment Status."
4. Select the IPO name.
5. Enter your Application Number and PAN.
6. Click "Search" to view your status.