Purchasing securities during an IPO is an excellent avenue for people who wish to be part of the company’s growth stories. But once you’ve applied for an IPO, the next big question is whether you got the shares you applied for. IPO allotments, basically, are very easy when you know how to go through the process. To learn how to check for your status of the IPO allotment so that you always know your investment is safe, read this article.
What is an IPO Allotment?
IPO allotment status is an arrangement by which a company assigns applicants for shares after the closing of the IPO subscription period. In fact, when an IPO is oversubscribed, it simply means that out of many people who applied for the issue, not all will have the shares they wanted. However, the shares are then shared based on a raffle or on the relative needs of people based on the quantity.
This status shows whether you have been allotted shares. Also, how many shares have you been allotted and all? This status should be checked regularly because it defines your involvement in the equity of the company.
How to Check IPO Allotment Status
You can check your IPO allotment status through two primary methods. Those are mainly the registrar’s website or, more commonly, via the stock exchange website of the relevant firm. Let’s explore how to do that.
Registrar’s Website
Companies that underwrite IPOs are registered on different websites. Browse the registrar’s website and go to the IPO allotment page. To check the status of your application, please enter your application number, PAN or DP ID.
Stock Exchange Website
For IPO allotment status, both NSE and BSE websites have IPO allotment functions, too. Just go to the IPO status of each of their websites, choose your preferred IPO, and input your application information to view your allotment.
Depending on the location, both methods are free and share reliable data.
Understanding the Outcome
Once you check your status, you may find one of the following three results:
- Allotted: Your stock has been issued to you.
- Not Allotted: You don’t get any shares.
- Partially Allotted: You got accredited for fewer shares than you asked for.
Where shares are not issued, the sum you invested is returned to the account in the form of cashback.
Conclusion
Following some easy yet crucial things can help you as an investor to check on the IPO allotment statement and have an idea of how you fit into the investment journey. Regardless it is through the registrar’s web or through the stock exchange, the process is fast and efficient. It allows you to prepare for your subsequent course of action, whether it is related to the holding of allotted shares or other prospects. With these points, you can easily track your securities and be ahead in the world of IPOs.
