IPOs (Initial Public Offerings) have long been a hot topic in the financial industry. Investors are excited for the opportunity to participate in promising companies that are set to go public. Once you’ve applied for shares in an IPO, the next question that always arises is allotment. In this article, we’ll explain the enigma of IPO allotment status and walk you through the entire procedure.
Before delving into the complexities of IPO allotment status, let’s get a basic understanding of the phrase. IPO share allotment means the process of allocating shares to investors who submitted the application during an IPO. The goal is to distribute shares evenly to all applicants.
Here are simple ways to check the IPO Allotment Status online or offline. According to the most recent SEBI rules for large-cap IPOs, the IPO allotment process will take place on the next business day after the IPO closes. The registrars must issue the IPO allotment within 24 hours of the IPO’s closing in accordance with SEBI requirements.
Steps to check the allotment status:
You applied for an IPO investment and are eager to find out if you have been awarded shares. Here’s how to verify your IPO allotment status.
- Visit the official website: The first step is to go to the official website trading platform of the firm whose IPO you have applied for. Search for the ‘IPO Allotment Status’ section.
- Enter details: You will need to provide some information, such as your PAN (Permanent Account Number) and Application Number. Make sure you enter them correctly.
- Submit your request: After you have entered all of the essential information, submit your request. The website will then show you your IPO allotment status.
- Registrar’s website: In some situations, you may need to consult the registrar’s website, which is in charge of IPO allotment. The official website has a link to this.
- Using the app: If you are doing mobile trading, you can use the company’s app to look for the allotment details.
How to check the IPO status on the registrar’s website?
The IPO registrar allows you to check the IPO Allotment Status. To check the IPO allotment, you will need the following information. If the shares are assigned, the investor will get the information under the search option on the registrar or BSE websites.
Go to the website and enter any of the following details:
- PAN Card (Check IPO Allotment Status Online with PAN Number)
- IPO Application Number
- Demat Account Number or DP Client ID
The IPO registrar processes the allotment based on allocation. Once the registrar has finalized the allotment, the status should be available, and it will be visible under the IPO Name chosen by the investors. Investors receive information by email and SMS supplied by the BSE, NSE, CDSL, and NSDL.
IPO allotment status is an important step in your investment journey. You may confidently manage this process by following the steps outlined above and remembering this advice. Remember that obtaining an allotment in a highly sought-after IPO is more than just luck; it is the result of informed judgments and proactive behavior. So, be informed and continue investing!