How to Check Your IPO Allotment Status: A Simple Guide

So, you applied for an Initial Public Offering (IPO) and are now excited to see if you got any shares. Waiting can be tough. Luckily, checking your IPO allotment status is an easy process. This guide will show you how to check your status on the official registrar websites, like Link Intime and KFin Technologies, and on the BSE (Bombay Stock Exchange) website.

First, What is an IPO Allotment?

An IPO is when a company sells shares to the public for the first time. The IPO allotment process is how the company gives out these shares to people who applied. A special agency called a "registrar" handles this process. Companies hire registrars to manage all the applications, decide who gets shares, and make sure it's all fair. Link Intime and KFin Technologies are two of the most popular registrars in India.

Sometimes, many people want to buy shares in a popular IPO, but there aren't enough for everyone. This is called oversubscription. When this happens, they often use a lottery system to give shares to everyday investors (called retail investors) fairly. If you get shares, they will be sent to your Demat account. If you don't, you will get back the money you paid for the application.

When Can You Check Your Allotment Status?

The company usually announces the IPO allotment date a few days after the IPO application window closes. For most big IPOs, this is within one week of the closing date. You can usually check your status online on the allotment date. You may also get an email or SMS from the stock exchanges (BSE, NSE) or depositories (CDSL, NSDL) about your status.

Three Main Ways to Check Your IPO Allotment Status

You can do an IPO status check online in a few different places. The best places to check are the official registrar's website and the stock exchange websites. Here’s how to do it on each one.

1. How to Check IPO Allotment Status on Registrar Websites

Registrars keep the official records for an IPO, so their websites are the main place to check for the latest IPO allotment status. The steps are very similar for both big registrars, Link Intime and KFinTech.

Checking on the Link Intime IPO allotment website:

1. Go to the official Link Intime IPO status page.
2. Choose the company name of the IPO you applied for from the dropdown menu.
3. You will need to enter one of these details:
   • Your PAN (Permanent Account Number)
   • Your IPO Application Number
   • Your DP/Client ID (your Demat account number)
4. After you enter the information, click the ‘Submit’ button.
5. Your IPO share allotment status will then show up on the screen.

Checking on the KFinTech IPO allotment status website:

1. Go to the official KFintech IPO allotment website.
2. Choose the IPO you want to check from the list of recent IPOs.
3. Enter your details. You can usually choose between your PAN card number, application number, or DP Client ID.
4. Enter the captcha code to verify and click ‘Submit’.
5. The website will show if you received shares and how many.

Using your PAN card is often the easiest way to check IPO status by PAN card. It's a unique number for all your financial deals, and it saves you from having to remember your application number.

2. How to Check IPO Allotment Status on the BSE Website

The Bombay Stock Exchange (BSE) also lets investors check their allotment status right on its website. Checking the BSE IPO allotment status is another good way to find out.

Here are the steps to follow:

1. Go to the official BSE application status page: bseindia.com/investors/appli_check.aspx.
2. Under ‘Issue Type’, make sure you select ‘Equity’.
3. From the ‘Issue Name’ dropdown, choose the IPO you applied for.
4. Enter your IPO Application Number.
5. Enter your PAN Card number.
6. Check the "I'm not a robot" box and click the ‘Search’ button.
7. Your IPO application status will appear on the page.

Understanding Your Allotment Status

When you check your status, the result will give you clear information. It will either show the number of shares you received or say that you did not get any. If you got shares, they will be added to your Demat account before the company's stock starts trading. If you did not get shares, the money that was blocked in your bank account will be returned to you.

Don't feel bad if you don't get shares, especially in a very popular IPO. Because so many people apply, a lottery system is used for everyday investors. This means not everyone who applies will get shares.

A Quick Look at the IPO Allotment Process

It helps to understand what happens behind the scenes. After the IPO bidding status period ends, the registrar gets to work.

• First, the registrar checks all applications to make sure they are correct. They will reject any wrong applications, like those with an incorrect PAN or more than one application from the same person.
• Next, the registrar gives out shares based on rules from SEBI (Securities and Exchange Board of India). Different groups of investors, like everyday investors and wealthy individuals, each get a set amount of shares.
• If more everyday investors apply than there are shares available, a computer lottery is used to give out the shares fairly.
• Finally, the registrar announces who got shares, adds the shares to the winners' Demat accounts, and sends refunds to everyone else.

Final Thoughts

Checking your IPO allotment status is an easy and open process because of the websites provided by registrars like Link Intime and KFinTech, and stock exchanges like the BSE. By following the simple steps above, you can quickly find out your IPO application results. Remember to have your PAN, application number, or Demat account details ready. Good luck