IPO Allotment Status

The IPO allotment status informs investors on the quantity of shares awarded to them in an initial public offering (IPO). The IPO registrar is in charge of the allotment process. The date that the allocation status is made public on the IPO registrar's website is known as the "IPO allotment date." It is an essential part of the IPO process, and knowing exactly how it functions will help you understand what to expect from your investment.

  • Issue Date 28 Feb - 1 Mar
  • Allotment Date 04-Mar-24
  • Issue Price(Rs.) ₹ 98 to ₹ 100
  • View Status
IPO is subscribed 1.03x times in retail category on 29 Feb, 12:00AM
  • Issue Date 27 Feb - 29 Feb
  • Allotment Date 01-Mar-24
  • Issue Price(Rs.) ₹ 162 to ₹ 171
  • View Status
IPO is subscribed 99.03x times in retail category on 29 Feb, 12:00AM
  • Issue Date 27 Feb - 29 Feb
  • Allotment Date 01-Mar-24
  • Issue Price(Rs.) ₹ 135 to ₹ 142
  • View Status
IPO is subscribed 129.54x times in retail category on 29 Feb, 12:00AM
  • Issue Date 22 Feb - 26 Feb
  • Allotment Date 27-Feb-24
  • Issue Price(Rs.) ₹ 177 to ₹ 186
  • View Status
IPO is subscribed 8.52x times in retail category on 26 Feb, 12:00AM
  • Issue Date 21 Feb - 23 Feb
  • Allotment Date 26-Feb-24
  • Issue Price(Rs.) ₹ 342 to ₹ 360
  • View Status
IPO is subscribed 0.11x times in retail category on 21 Feb, 12:00AM

IPO allotment status is received by investors during the allotment procedure. The alerts give details on the allocation procedure and disclose the timeline. It assists investors in making better decisions.  The registrar publishes the IPO allotment computation based on the allotment document. Once the allotment is complete, investors can check their IPO allotment by going to the registrar's website (Linkintime, Karvy, for example). IPO investors are also notified by email and SMS about the updated IPO allotment status by BSE, NSE, CDSL, and NSDL.  

 

What is IPO allotment?

Companies can go public through an Initial Public Offering (IPO), which is the process of selling their shares to investors over a stock exchange. This is how many companies decide to sell their shares because it's a quick and inexpensive way to raise capital. The quantity of shares that are available and that the company currently owns determines how many shares are sold.

To put it briefly, an initial public offering (IPO) allotment divides a company's stock into a specific number of shares that can subsequently be sold to investors. Typically, allocation occurs at the initial public offering.
Investors will be able to view their allotted quantity of stocks, as well as whether they have been assigned, through the IPO allotment status. The business then makes the remaining unsold shares available for purchase by other investors at the conclusion of the allotment period. The shares that are unsold are classified as "restricted" shares. After the restricted shares have been allotted and the corporation has listed them for sale, trading of these shares is prohibited. 

 

Procedure of IPO Allotment of Shares:

The IPO allotment mechanism is determined by the investor category and the IPO subscription levels.

●    All investors who have submitted valid applications will get a full allocation in the event that an IPO is undersubscribed in every investor group. For the IPO to be successful, 90% of the total subscriptions must be received.
●    With the exception of QIB, the oversubscription may be adjusted with the undersubscribed share of the other category if the IPO is oversubscribed for one category and undersubscribed for another.
●    The issuer will distribute shares proportionately according to the investor category or via a lottery system in the event of an oversubscription.

 

Check IPO Allotment Status

Investors can check the IPO subscription status via the IPO registrar like Link Intime or KFintech.
You can check the IPO Allotment status on BSE by following simple steps:

Step 1: Visit the official website of BSE and click on the 'Status of Issue Application' or use this direct link - https://www.bseindia.com/investors/appli_check.aspx
Step 2:  Under the ‘Issue Type’ section, select ‘Equity’
Step 3: Select ‘IPO Company name’ from the dropdown menu
Step 4: Enter details like application number or PAN number.

 

Steps to Verify the Application Status:

The registrar's website allows users to verify the status of their IPO allotment. Additionally, it can be viewed on the NSE and BSE websites. To check the IPO allotment status, you will need the bid application number or the DPID/Client ID number in addition to the PAN.

 

IPO Allotment Calculation:

Based on the allocation document, the registrar publishes the IPO allotment calculation. After allocation, investors can verify it by going to the registrar's website.

A document known as the IPO Basis of Allotment is released by the IPO registrar following the completion of the share distribution in accordance with legal requirements. Information about the demand for the IPO stock is provided in this paper.

One important consideration for IPOs that are repeatedly oversubscribed is the allotment ratio. It displays the number of applicants that, out of a given number, will obtain a single batch of shares. In the case of ratio 1:8, for instance, only one applicant out of every eight received a single lot of shares, but ratio value 'FIRM' indicates that all candidates are qualified to get a specific number of shares.

 

Factors Affecting IPO Allotment:

Here are several factors that affect IPO Allotment:
1. Company's fundamentals: Robust fundamentals have the potential to attract investor curiosity, leading to increased share demand and maybe oversubscribed initial public offerings (IPOs).

2. Retail vs Institutional investors: Retail and institutional investors typically receive a certain percentage of shares from companies. The allocation ratio is based on the combined demand from these two categories.

3. Oversubscription: Oversubscription typically occurs when an IPO has great growth potential, solid fundamentals, and is highly attractive. When an initial public offering (IPO) is oversubscribed, investors frequently rush to apply, which makes the allotment ratio exceedingly competitive.

4. Anchor Investors: The market receives good signals from anchor investors, which may improve the likelihood of receiving IPO allotments.

 

How Does The Registrar Decide On The Allotment?

The best scenario for an IPO application is one of two things happening. They are listed below:

Case 1: If the total number of bids is smaller than the number of shares that the company is offering, the Registrar does not need to get involved because the desired lot will be awarded to qualified investors.
Case 2: The Registrar must devise a plan to allocate shares when the total number of bids exceeds the number of shares that the firm is offering. Here, they must adhere to the regulations established by SEBI (the Securities and Exchange Board of India), which requires that each application receive at least one.
 

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Frequently Asked Questions

The way the initial public offering (IPO) gets a response from investors will determine how shares are allocated. Investors may receive all of the lots for which they applied if the IPO is under-subscribed. If the IPO is oversubscribed, it means that shares are allocated to retail investors through a computerized procedure.

Here are some proven techniques to get an IPO allotment:

●    Avoid using a lot of applications.
●    Register for the IPO early.
●    Always place a low bid.
●    Avoid making mistakes when filling out the details.

IPO Allotment status is available on the registrar's website. By entering their PAN or the IPO allocation number, an investor can verify the status of their allotment.

The return of the funds is free of charge. An investor's account is restricted when they apply online for an IPO. That sum is not redeemed by the investor. Until the allotment for an IPO is approved, this amount will remain frozen. If the person applies offline with a cheque, the return process begins when the basis of allotment is finalized.

The status of IPO allotments is updated online. Go to the registrar's website to find out the status of the bid. Entering your application number, DP ID, or PAN will give you the option to search.

The IPO allotment procedure will take a maximum of one week, according to the most recent SEBI guidelines for large-cap IPOs. Within seven days of the IPO closing, the registrars are required by SEBI regulations to distribute the IPO allotment.

No, shares are not allocated for the IPO based on a first-come, first-served basis. You might obtain as many lots as you applied for if the IPO is under subscribed. The distribution of shares to retail investors if there is an oversupply due to strong investor demand is determined by dividing the total number of shares in the retail quota by the minimum lot size. 

Your chances of receiving an IPO allotment can be improved in a few different ways.

1. Steer clear of larger applications
2. Submit your IPO application as soon as possible 
3. Make sure your IPO application is error-free
4. Hold stock in the parent firm
5. Use numerous Demat accounts with multiple applications.
 

Investors can use an IPO registrar such as Link Intime or KFintech to check the status of their subscriptions. The investor will need to know their PAN card number, IPO application number, and Demat account number in order to verify the status of their IPO subscription.

A Bank user can access the IPO Application Status by logging into their net banking account > going to e-Services Demat Services > ASBA Services > IPO (Equity) > IPO History

By registering on the official registrar's website or the BSE website, IPO bidders can access their allotment status online. BSEindia.com/investors/appli_check.aspx is the direct URL of the BSE website. Additionally, bidders have the option to check in via the registrar's website; the webpage link is disclosed in the IPO issuing company's prospectus.