An Initial Public Offering (IPO) is one of the most prominent avenues for companies seeking to raise capital. Through the process of an IPO, a company can become public and have its shares listed on and traded in the stock market.
From the point of view of investors, IPOs are excellent opportunities to become shareholders of the issuing company and benefit from its potential growth.
The duration of time between the submission of an IPO application and the completion of the IPO allotment process can be difficult for investors, particularly when an issue is oversubscribed and allotment is not a certainty.
In this article, we shall discuss how the IPO allotment process works, and the ways through which you can check your IPO allotment status.
What Is Ipo Allotment Process
IPO allotment process refers to the steps that follow the closure of a public issue. After submitting your IPO application either through your demat account or bank account (offline or online process), you have to await the allotment of shares by the issue’s registrar.
The process of share allotment can take up to seven days from the closure of the issue. There are several factors that decide the length of the aforementioned process, including the type of IPO, issue size, and the number of applications received, etc.
Should an issue be oversubscribed, that is the number of shares applied for exceeds the number of shares available for allotment, the allotment is done on a proportional basis.
How To Check The Status Of Your Ipo Application
You can check your IPO allotment status through several designated platforms, including your demat account, the websites of the National Stock Exchange and the Bombay Stock Exchange, and the website of the registrar to the issue.
Steps To Check Ipo Allotment Status Through Your Demat Account
One of the easiest ways to check your IPO allotment status is to login to the demat account through which you have applied for the issue. There is usually a section titled IPO or applications in the pertinent depository participant’s mobile application/ official website.
You can select the relevant application from the list and check the IPO allotment status. Should the allotment process be completed, you shall receive information about how many shares you have been alloted and at what price. In case you have not been allotted any shares, no allotment shall be mentioned.
Steps To Check Ipo Allotment Status Through The Bombay Stock Exchange/ National Stock Exchange
Another way to check your IPO allotment status is through the official websites of the National Stock Exchange and the Bombay Stock Exchange. Here are the steps you must follow.
To check IPO allotment status through the Bombay Stock Exchange:
-
Visit this page on the BSE’s official website.
-
Enter the requisite details, including your IPO application number and PAN.
-
Click on submit to get information on your IPO application status.
The process to check IPO allotment status through the National Stock Exchange is as follows:
-
Visit this page on the official website of the NSE.
-
Enter your User ID and password. If you are not registered on the NSE’s website, you must complete the registration process.
-
Check the status of your IPO application.
Steps To Check Ipo Allotment Status Through The Registrar To The Issue
You can also check the status of IPO types allotment on the official website of the registrar to the issue. In order to do so, you would be required to enter details such as IPO application number, PAN, etc.
To Sum It Up
The process of checking your IPO allotment status is seamless. You can either use your demat account for the process or visit the official portals of the NSE, BSE, or the registrar to the issue.