IPO Allotment Status

IPO Allotment Status Check Using the NSE & BSE Websites

For BSE IPO Allotment:

• Go to the BSE website and click on “Application Status Check”
• Choose "Equity" and select your IPO company from the list
• Enter your application number or PAN number
• Click submit to see your allotment details

For NSE IPO Allotment:

• Visit the NSE website and access “Resources and Tools”
• Select your IPO from the available options
• Enter your application details or PAN number
• Submit to view your IPO Allotment Status

Via Registrar Websites:

IPO registrar companies handle the allotment process for different IPOs:

• Visit registrar websites like Link Intime or KFintech 
• Find the "IPO Allotment Status" section
• Choose your specific IPO from the dropdown list
• Enter your application number or PAN details
• Click check to see your share allocation

Check Through Your Demat Account

• Log in to your demat account
• Go to the IPO section in your account dashboard
• Look for "IPO Applications" or "IPO Status"
• Find your recent IPO application
• Check the status column to see your allotment details

IPO registrars handle the IPO allotment calculation process and publish the results on their websites within 3 working days after the IPO closes.

The IPO allotment calculation follows a systematic approach that prioritises fairness and follows SEBI regulations. When an IPO receives more applications than available shares, the registrar first ensures every eligible applicant gets at least one lot before distributing additional shares.

The calculation process starts by dividing all applications into different categories, such as retail investors, high-net-worth individuals and institutional investors. Each category has a reserved quota of shares, which means retail investors compete only with other retail investors, not with big institutions.

For retail investors, the IPO allotment rules state that if oversubscription is mild, everyone gets a minimum allocation first, then the remaining shares are distributed proportionally. However, when oversubscription is heavy, the registrar conducts a computerised draw where luck determines who receives shares.

The IPO allotment process also considers the bid price that investors submitted. Those who bid at higher prices get priority over those who bid at lower prices. If you bid below the final issue price, you won't receive any shares, regardless of the lottery outcome.

Institutional investors follow different IPO allotment rules where shares are distributed proportionally based on their bid size and price. Institutional investors don't use lottery systems like regular investors do. Instead, they get shares based on how much they bid and how the company values long-term investors.

The entire IPO allotment calculation is documented in a report called "Basis of Allotment" that the registrar publishes after completing the process. This document shows exactly how many people applied, how oversubscribed each category was and what percentage of applicants received shares.

When you invest in an IPO, you don't buy individual shares. Instead, you buy them in bundles called "lots." This system makes the IPO allotment process more organised and easier to manage for both companies and investors.

Overview - Basic IPO Terms You Should Know

Before understanding the IPO allotment process, you need to understand these important terms that determine how shares get distributed.

• Minimum Application: This is the smallest amount of money you can invest in any IPO, usually around ₹15,000. You cannot invest less than this amount, but you can invest more by buying multiple lots. 
• Minimum Subscription: This rule protects both companies and investors by setting a minimum number of shares that must be sold for the IPO to succeed. Companies usually set this at 90% of all shares they want to sell. 
• Oversubscription: This happens when more people want to buy shares than the company has available. For instance, if an IPO allotment company offers 1,000 lots but receives applications for 2,000 lots, the IPO is oversubscribed by two times.

Example Explanations

Total Number of Bids for Lots < Total Number of Lots Offered

Imagine Company ABC offers 10,000 lots in their IPO, but only 8,000 people apply for these lots. Since there are enough shares for everyone, each person gets exactly what they asked for.  If you applied for 5 lots, you received all 5 lots. This situation rarely happens with popular companies, but it does occur with smaller or less-known businesses.

Total Number of Bids for Lots > Total Number of Lots Offered

Now imagine the same Company ABC offers 10,000 lots, but 15,000 people apply. This creates an oversubscription situation where the IPO allotment rules become very important. SEBI requires that every eligible person get at least one lot first. 
After giving one lot to as many people as possible, the remaining lots get distributed proportionally among those who applied for more. If there still aren't enough lots for everyone to get even one, then a computerised lottery system decides who gets shares and who doesn't.

Demand Matches Supply

When investor applications exactly match or fall below the available shares, the allotment process becomes straightforward. For instance, if a company offers 1,000 shares and receives applications for exactly 1,000 shares from eligible investors, each applicant gets their complete bid amount. However, the IPO must achieve at least 90% IPO minimum subscription to proceed successfully.

When Demand Exceeds Supply

Oversubscription triggers a lottery-based allotment system managed by the registrar. Consider an IPO offering 5,000 retail shares with a lot size of 100 shares, allowing a maximum of 50 retail allottees. If 200 investors apply, only 50 will receive shares through a computerised lottery. 

The process involves six essential steps that guide you from account creation to IPO allotment success.

• Register with your broker using email and phone, then log in to access the platform.
• Navigate to the IPO tab and select your desired offering from the current listings.
• Specify lot size and bid price. Choose a cut-off price for better allotment chances.
• Enter your UPI details and submit the application form.
• Confirm the transaction through your UPI app notification.
• Your blocked funds remain until allotment results are announced.
• Apply for IPOs with 5paisa! Apply for IPOs effortlessly with competitive pricing and instant UPI integration.

Getting IPO shares requires understanding the allotment process and checking your status regularly. Remember that most popular IPOs face oversubscription, making allotment depend on luck rather than skill. Companies need an IPO minimum subscription of 90% to proceed successfully. 

Always verify your application details, approve payments promptly and check allotment status through official registrar websites. With proper preparation and realistic expectations, IPO investing becomes simpler.