Easy Methods to Check IPO Allotment Status Online

check IPO allotment status online

The Initial Public Offering (IPO) market in India has been bustling with activity, attracting investors from all walks of life. An IPO represents an enticing opportunity for investors to own a piece of a company as it goes public. However, after applying for an IPO, the meticulous wait to check the IPO allotment status can test one’s patience. This article details easy methods to check the IPO allotment status online, elucidating the process for both new and seasoned investors.

What is IPO Allotment, and Why is it Important?

IPO allotment refers to the process through which shares are allocated to investors who have applied for an IPO. This can occur based on the number of shares available and the number of applications received. With varying degrees of IPO oversubscription, the allotment process can become competitive.

Methods to Check IPO Allotment Status Online

The process of checking IPO allotment status online can be carried out through multiple platforms. Here are some popular methods:

1. Registrar Websites

Registrars like Link Intime India and Karvy Computershare are responsible for managing many IPOs on behalf of companies. You can follow these steps to check the IPO allotment status on these websites:

– Link Intime India

– Visit the official website

– Go to the ‘Investor Services’ section and click on ‘Public Issues-Equities.’

– Select the IPO you have applied for.

– Enter your PAN, application number, or DP client ID.

– Click on ‘Search’ to see if shares have been allotted to you.

– Karvy Computershare

– Visit the website

– Navigate to ‘IPO Allotment.’

– Choose the specific IPO from the dropdown list.

– Provide your application number, DP client ID, or PAN.

– Check the status by clicking ‘Submit.’

2. Stock Exchange Websites

Both BSE and NSE offer IPO allotment status check online facilities. Investors can directly visit these websites to determine their allotment status:

– BSE (Bombay Stock Exchange)

– Access the BSE website

– Select ‘Equity’ under ‘Issue Type.’

– Choose the IPO name from the list.

– Enter your application number and PAN.

– Validate your allotment status by clicking on ‘Search.’

– NSE (National Stock Exchange)

– NSE does not maintain a dedicated portal for IPO allotment status. It is recommended to use the registrar or BSE platform.

3. Trading Platforms and Brokers

Popular trading platforms and brokers such as Zerodha, Upstox, and ICICI Direct also allow their clients to check IPO allotment status. Here’s a step-by-step guide on how you can do it:

– Zerodha

– Log in through Kite or Console on Zerodha’s website.

– Navigate to ‘Portfolio’ and select ‘IPO.’

– You will see a link to check allotment status as soon as results are declared.

– ICICI Direct

– Log in to your account on the ICICI Direct website.

– Visit the ‘Portfolio’ and select ‘IPOs.’

– Click on ‘Order Book’ and select the IPO to view the allotment status.

Understanding IPO Oversubscription and Its Impact

An ‘IPO oversubscription‘ means investors have applied for more shares than are available for allotment. Here’s a simple calculation to understand the concept:

Consider Company XYZ plans to issue 1,00,000 shares through an IPO. The company receives applications for 10,00,000 shares, making it 10 times oversubscribed. This oversubscription impacts the allotment:

For a retail investor (individuals applying up to INR 2 lakh), shares are usually allotted through a lottery system, especially when demand significantly exceeds supply.

Example Calculation:

Total Shares Issued by Company XYZ: 1,00,000

Total Shares Applied: 10,00,000

Oversubscription Rate: 10x

Thus, if an investor has applied for 200 shares, they might get only 20 shares, or none at all, depending on the allotment system and the number of investors.

Importance of Checking IPO Allotment Status

Monitoring your IPO allotment status is crucial for several reasons:

– Investment Planning: Understanding whether shares have been allotted assists in managing one’s portfolio and funds.

– Refunds and Fund Allocation: If shares are not allotted, the invested amount is refunded, enabling effective fund reallocation.

– Future Strategy: Insights gained from past IPO processes guide future investment strategies.

Conclusion

Checking IPO allotment status online has been simplified by the various methods and platforms available. Investors can leverage registrar websites, stock exchanges, and trading platforms to stay updated. Understanding the implications of IPO oversubscription can provide a better grasp of the allotment process.

Disclaimer: 

Trading in the Indian stock market entails risks, and results can vary. It is crucial for investors to assess all risks and returns associated with IPO investments. Conduct thorough research and seek professional advice if necessary.

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