IPO Allotment status check online by PAN number. Initial Public Offerings (IPOs) can open up numerous opportunities for investors. IPOs allow individuals to invest in companies at the initial offering stage, often bringing strong potential for gains (listings and long-term). However, once you’ve applied for an IPO, one pressing question remains: “Did I receive IPO allotment?” This is where checking your IPO allotment status comes into play.
Here is how to check your IPO allotment status online by PAN number. We’ll explore the available methods, step-by-step instructions, and essential tips to make the process smooth and hassle-free for a first-time IPO investor.
Why Checking IPO Allotment Status is Important
To understand it better, let’s first understand the complete IPO process-
IPO Application Period (Bidding)
- Offer Document: The issuer company of the IPO releases a Red Herring Prospectus (RHP) or Prospectus containing all the details about the company, the IPO, the price band (minimum and maximum price at which bids can be placed), and the minimum application lot size (a fixed number of shares an investor must apply for).
- Categories of Investors: Shares are typically reserved for different categories of investors:
- Retail Individual Investors (RIIs): Individual applicants applying for shares worth up to ₹2,00,000.
- Non-Institutional Investors (NIIs) / High Net Worth Individuals (HNIs): Individuals, corporate bodies, trusts, etc., applying for shares worth more than ₹2,00,000.
- Qualified Institutional Buyers (QIBs): Large institutional investors like mutual funds, foreign institutional investors (FIIs), banks, etc.
- Anchor Investors: A subset of QIBs who commit to investing a significant amount before the IPO opens to the public, typically getting shares at a fixed price
Post-Subscription Period (Basis of Allotment)
After the IPO subscription period closes (typically 2-3 days):
Allotment Rules (SEBI Guidelines): The allotment process varies significantly based on the category of investors and whether the IPO is oversubscribed or undersubscribed.
Consolidation of Bids: The Registrar to the Issue collects all valid applications from all categories.
Invalid Applications of an IPO: Applications are rejected if they are:
- Duplicate applications (using the same PAN).
- Applications with incorrect Demat account details.
- Applications below the minimum lot size or outside the price band.
- Applications with insufficient funds in the bank account (for ASBA).
Final Offer Price (Cut-off Price): For book-built issues (most common IPOs), the final offer price is determined based on the demand received at various price points within the price band. Often, it is the upper end of the price band if the IPO is highly subscribed.
Undersubscribed IPO: If the total demand for shares is less than the shares offered by the issuer company, all valid applicants will receive the full number of shares they applied for (in most cases). (A minimum of 90% subscription is usually required for an IPO to successfully sail through).
Oversubscribed IPO (Most Common Scenario): This is when the demand for shares exceeds the supply. Allotment rules become crucial here to ensure fair distribution. In case of oversubscription, rules are different for different sets of investors-
Retail Individual Investors (RIIs):
- Minimum One Lot Policy: In case of oversubscription in the RII category, market regulator SEBI mandates that every retail investor who applied with a valid application for at least one lot will get a chance to be allotted at least one lot of shares, provided there are enough shares reserved for this category.
- Lottery System: If the oversubscription is very high (e.g., more valid RII applicants than available retail lots), a computerized lottery system is used to select the successful applicants who will receive one lot.
- Pro-rata Allotment (if applicable): If, after allotting one lot to all eligible applicants, there are still remaining shares and eligible applicants, these additional shares are allotted on a proportionate basis. However, the primary focus for RIIs in oversubscribed IPOs is often the lottery for the minimum lot.
Non-Institutional Investors (NIIs):
- Allotment to NIIs is typically done on a proportionate basis. This means if the NII category is subscribed ‘X’ times, an NII applicant will receive approximately 1/X of the shares they applied for. The higher the subscription, the lower the allotment percentage.
Qualified Institutional Buyers (QIBs):
- Allotment to QIBs is also strictly on a proportionate basis in case of oversubscription.
- Unsubscribed shares in the QIB category generally cannot be reallocated to other categories.
So, you must have understood that securing an allotment in an IPO is a competitive process, especially when the primary issue is oversubscribed. In such cases, knowing your IPO allotment status ensures clarity about the investment. Instead of guessing or waiting for updates from your broker, you have the power to check your status yourself.
Timely information about your allotment also allows you to plan your next steps, whether it’s holding onto the shares for long-term value gain, trading on the listing day, or analyzing potential future investments.
IPO Allotment status check online by PAN number
Nowadays, checking IPO allotment status is quick and straightforward. There are primarily two trusted methods to check your allotment status online:
- Through the registrar’s website.
- Through the respective stock exchange’s website (e.g., NSE or BSE).
Additionally, you need minimal information to complete your check. Your PAN number, DP ID, and Client ID serve as the key data points needed to complete this process.
Checking IPO Allotment Status on the Registrar’s Website
Every IPO is managed by a registrar, such as KFin Technologies or Link Intime, which handles the allotment process. Below are the steps to check allotment status through the registrar’s portal:
- Go to the Registrar’s Website: Head directly to the registrar’s official portal. KFin Technologies, Link Intime
- Locate the IPO Allotment Section: Look for the “Check Allotment Status” or similar link on the homepage. (direct link is provided above)
- Enter the Required Details: Input your PAN number, Application ID, or DP ID/Client ID. Some registrars may also ask for the IPO name.
- Submit Your Query: Once you’ve entered all the details, click the “Submit” button to view your allotment status.
- View Result: The page will display whether you’ve been allotted shares or not.
IPO Allotment Status Check Through the Stock Exchange Website
Another reliable way to check your IPO allotment status is via the NSE or BSE website. Here’s how you can do it:
Steps for the NSE Website:
- Visit the NSE India Website: Go to nseindia.com.
- Navigate to the IPO Allotment Section: Look under the “Investors” category for the IPO allotment status tab.
- Enter Your Details: Provide your PAN number, Application ID, or DP ID/Client ID along with the IPO name.
- Submit and Check: Hit “Submit” to check the status of your allotment.
Steps for the BSE Website:
- Access the BSE India Website: Visit bseindia.com.
- Go to the IPO Section: Click on “Equity” and then select “Status of Issue Applications.”
- Fill in Your Information: Enter your PAN, Application Number, and Select the Issue Name.
- View Your Allotment: Press “Search” to view the allotment results.
Broker Platforms
If you applied for the IPO through brokers like Zerodha, Upstox, or Groww, they often provide an integrated feature to check your IPO allotment status. Simply log in to their app or website, head to the IPO section, and follow the prompts to view your allotment details.
Information Needed to Check IPO Allotment Status
When checking your IPO allotment status online, make sure you have these details on hand:
- PAN Number: Your ten-digit Permanent Account Number used during the IPO application process.
- DP ID and Client ID: Provided by your depository participant (e.g., CDSL or NSDL) for Demat accounts.
- Application Number: The unique number generated when you applied for the IPO.
With these ready, completing the process will be quick and easy (make sure you enter all the details correctly).
Step-by-Step Guide for Online Check
To make things easier, here’s a simple step-by-step roadmap you can follow for both registrar and exchange websites:
- Identify the IPO’s registrar.
- Gather your PAN, DP ID, Client ID, or Application Number.
- Visit the correct website (either the registrar or NSE/BSE).
- Locate the IPO allotment check section.
- Fill in the required fields.
- Submit to view your application or allotment status.
Troubleshooting Common Issues
If you face any issues while checking your IPO allotment status, here are some solutions:
- Incorrect Details: Recheck whether you have entered the correct PAN or application number. Typos are common and can cause errors.
- Delay in Status Update: Allotment status updates may take a day or two after the closing of the IPO. Hold tight until the registrar uploads the details.
- Registrar Website Isn’t Loading: Switch to the NSE or BSE website for an alternate way to check your allotment status.
Benefits of Tracking IPO Allotment Faster
- Timely Refunds
If you were not allotted shares, checking the status ensures you are aware when the amount is refunded, or, if the refund is not received, you can raise the concern with the concerned authorities.
- Market Preparation
Successful applicants can prepare their trading strategies in advance. Once allotment is received, it is crucial to understand whether to book profit to capture the listing gains or keep the stock for the long term. In some cases, listing may happen below the issue price; in such IPOs, investors should consult RAs/IAs or study the company’s workings to decide whether to keep the stock for the long term or to book a loss.
Recently, Borana Weaves‘ IPO was live, and we published a detailed report covering every aspect of the company. Similarly, many other IPOs are covered by us, so you should bookmark our IPO page to have a complete know-how of that IPO and act ahead of others.
- Convenience
Tracking allotments online saves time and provides instant updates.
Takeaways for Investors
Tracking your IPO allotment status has never been easier, thanks to online platforms like registrar websites, NSE, and BSE portals. By knowing your allotment status as soon as it’s available, you can confidently plan your next moves.
Pro Tip: while checking IPO allotment status online
Bookmark the registrar’s, NSE’s, and BSE’s IPO allotment pages for quick access during future IPO applications.
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FAQs
How can I check IPO allotment status by PAN number for free?
You can check your allotment status for free on the websites of the IPO registrar, NSE, or BSE. Simply enter your PAN and the IPO details to get the status.
When is the IPO allotment status updated?
The status is usually updated two to three working days after the IPO subscription closes.
Can I check IPO allotment status without a PAN?
While most platforms require a PAN, you can also check using other identifiers like the application number or DP Client ID on certain registrar websites.
How will I know if I did not get an allotment?
Your status will explicitly say “No Allotment” or “Not Allotted.” You may also notice the refund credited back to your bank account.
Is there another way to check if I got the IPO allotment?
Yes, you can also confirm through your Demat account. If shares are credited, it means you were allotted, but checking through the registrar or exchange’s website is the fastest way to know about the allotment status.
