What is IPO Allotment?
IPO allotment is the process through which a company distributes shares to investors who applied during the IPO subscription period. When an IPO is oversubscribed — meaning more applications are received than shares available — the allotment is done through a computerized lottery system managed by the registrar, strictly under SEBI guidelines.
How Does IPO Allotment Work?
The allotment process is divided into three investor categories:
Retail Individual Investors (RII): If the IPO is oversubscribed, allotment is done via a lucky draw. Every eligible applicant gets a fair chance to receive at least one lot.
Non-Institutional Investors (NII/HNI): Allotment is done on a proportionate basis depending on the subscription level.
Qualified Institutional Buyers (QIB): Allotment is done on a discretionary basis as per SEBI norms.
How to Check IPO Allotment Status Online
There are three easy ways to check your IPO allotment status:
1. Via the Registrar's Website
Every IPO has an official registrar such as KFintech, Link Intime, or Bigshare Services. Visit their website, enter your PAN number or application number, select the IPO name, and check your allotment status instantly.
2. Via BSE Website
Go to bseindia.com, navigate to the Investors section, click on "Application Status", select the IPO, enter your PAN number, and view your result.
3. Via NSE Website
Visit nseindia.com, follow the same steps under the IPO section to check your allotment status using your PAN or application number.
What Happens if You Don't Get Allotment?
If shares are not allotted to you, your blocked amount is automatically released before the listing date. For ASBA applications, the amount is unblocked within 6 working days. For UPI-based applications, the mandate is revoked within the same timeframe.
What Information Does the Allotment Status Show?
Number of shares applied for — you can verify how many shares you applied for during the subscription window.
Number of shares allotted — this confirms whether you received shares and how many.
Refund amount — if you did not receive full allotment, the refund amount will be displayed.
Application number and PAN details — used for verification and record keeping.
Conclusion
The IPO allotment process is fully transparent and regulated by SEBI. If you regularly invest in IPOs, tracking your allotment status is essential to manage your investments and refunds efficiently. Stay updated with all upcoming and recently allotted IPOs on IPOView.