Track your investment journey seamlessly with our IPO allotment status page. If you have applied for a public issue, you can quickly check if you have been allotted any shares.
IPO allotment status given investors the details about the number of shares allotment to them in an IPO.
IPO allotment refers to the allocation of shares to investors who have applied for a company's Initial Public Offering (IPO). The share allotment process is initiated once the issue is closed for subscription by the registrar of the IPO.
The process through which the share allotment is made varies depending on the investor category and the demand for the issue. Based on the aforementioned factors, investors may either get full allotment, partial allotment, or no allotment at all. Once the allotment process is complete, the shares are issued and transferred to the demat accounts of investors within a few days.
If you are an investor who has applied for the IPO of a company or are planning to do so in the future, knowing how to check the IPO allotment status is crucial. Checking the allotment status can let you know whether your application was successful and if so, the number of lots that were allocated to you.
The IPO allotment process is designed to ensure transparency and follows strict guidelines set by the regulatory authorities. Here is a quick overview of the procedure.
The registrar verifies and validates all applications received for the public issue. Only applications with bid prices equal to or higher than the cut-off price are considered for IPO allotment.
If the IPO is undersubscribed, where the number of applications is lower than the number of shares issued, all valid applicants receive the full allotment.
If the IPO is oversubscribed, where the number of applications is more than the number of shares being issued, the IPO allotment is done through a computerised lottery system. In this system, investors are chosen at random in such a way that each investor gets at least one lot of shares. If any shares are remaining after every eligible investor is allotted one lot of shares, the leftover shares are allotted on a pro-rata basis.
The registrar finalises the allotment and communicates the results to stock exchanges. At this point, investors can check the IPO allotment status to see if they have been allotted any shares.
Investors can easily conduct an IPO allotment check online through either of the following methods.
The issue registrar will publish the IPO allotment status on its official websites. Here is a general overview of the process for checking the status.
If your application was successful, the IPO allotment status will be displayed along with the number of shares that were allotted to you.
Alternatively, you can check the IPO allotment status on the BSE and NSE websites. Let us quickly go through the process you need to follow.
Let us look at a hypothetical example to understand how the IPO allotment calculation is done in the case of oversubscription.
Assume a company issues 1,000 shares to the public via an IPO, with the minimum lot size at 100 shares. The maximum number of lots that can be issued is 10 (1,000 shares ÷ 100 shares). Now, suppose 20 investors apply for the issue in the following manner:
| Investor | Number of Lots Applied |
|---|---|
| Investor 1 | 2 |
| Investor 2 | 1 |
| Investor 3 | 4 |
| Investor 4 | 3 |
| Investor 5 | 2 |
| Investor 6 | 5 |
| Investor 7 | 7 |
| Investor 8 | 1 |
| Investor 9 | 3 |
| Investor 10 | 8 |
| Investor 11 | 3 |
| Investor 12 | 4 |
| Investor 13 | 8 |
| Investor 14 | 3 |
| Investor 15 | 2 |
| Investor 16 | 5 |
| Investor 17 | 3 |
| Investor 18 | 4 |
| Investor 19 | 7 |
| Investor 20 | 6 |
Since the issue is oversubscribed and the maximum number of lots is only 10, the registrar opts to make IPO allotment through the computerised lottery system. This system randomly selects 10 investors and allocates one lot each. Here is a hypothetical representation of how the allotment is done:
| Investor | Number of Lots Applied | Number of Lots Allotted |
|---|---|---|
| Investor 1 | 2 | 0 |
| Investor 2 | 1 | 1 |
| Investor 3 | 4 | 0 |
| Investor 4 | 3 | 0 |
| Investor 5 | 2 | 1 |
| Investor 6 | 5 | 1 |
| Investor 7 | 7 | 0 |
| Investor 8 | 1 | 0 |
| Investor 9 | 3 | 1 |
| Investor 10 | 8 | 0 |
| Investor 11 | 3 | 1 |
| Investor 12 | 4 | 1 |
| Investor 13 | 8 | 0 |
| Investor 14 | 3 | 0 |
| Investor 15 | 2 | 1 |
| Investor 16 | 5 | 0 |
| Investor 17 | 3 | 0 |
| Investor 18 | 4 | 1 |
| Investor 19 | 7 | 1 |
| Investor 20 | 6 | 1 |
As you can see, through the computerised lottery system only 10 investors were allotted shares. These 10 allotted investors will receive the company's shares in their demat accounts within a few days from the IPO allotment date. For the unallotted investors, however, the blocked application amount is released.
In an IPO, the shares are allotted based on the demand for the issue. For instance, if the IPO is undersubscribed, all the investors who applied for the issue receive full allotment. Meanwhile, if the issue is oversubscribed, IPO allotment is done via a computerised lottery system.
Unfortunately, there is no guaranteed way to secure IPO allotment. However, you can improve your chances by applying through the retail investor category. Additionally, bidding at the cut-off price may also increase your chances.
Yes. In the case of oversubscribed IPOs, there is a certain element of luck involved due to the use of a computerised lottery system for IPO allotment.
The IPO allotment process is done methodically to ensure fairness. In the case of undersubscribed issues, all investors receive full allotment. However, in the case of oversubscribed issues, investors are selected randomly through a computerised lottery system.
You can conduct a quick IPO allotment check by visiting the website of the registrar or the stock exchanges to find out if you have been allotted shares.
You can increase the chances of getting an IPO allotment by bidding at the cut-off price. Applying through the retail investor category is another way to improve your chances of allotment.
If the IPO is oversubscribed, the registrar for the issue uses a computerised lottery system to allot shares to investors. In this system, investors are picked randomly in such a way that they get at least one lot. If there are any leftover shares, they are allotted on a pro-rata basis.
