How to check IPO allotment status
You applied, the issue closed and now you are waiting. Here is exactly when allotment happens, where to check it and what each result means.
The day after the IPO closes
For most retail investors, the evening after an IPO closes is the most anxious part of the whole process. Did you get the shares, or is the money coming back?
The good news is that you no longer have to wait a week. Since SEBI’s shorter listing timeline became mandatory on 1 December 2023, the whole journey from closing day to listing takes just three working days. This guide walks you through each step, with the official places to check your result.
The allotment timeline
Every mainboard and SME IPO now follows the same T+3 schedule, where T is the day bidding closes.
| Day | What happens |
|---|---|
| T (closing day) | Bidding ends at the end of the trading session |
| T+1 | The registrar finalises the basis of allotment and status goes live, usually in the evening |
| T+2 | Shares are credited to demat accounts and money is unblocked for applicants who got nothing |
| T+3 | The shares list and start trading on the NSE and BSE |
Weekends and market holidays are skipped, so a Friday closing usually means a Wednesday listing. Every IPO page on IPO Scouter shows the exact dates in its timeline.
What you need before you check
Keep one of these ready:
- The PAN used in the application
- Your application number, which you will find in your broker’s order book or your bank’s ASBA confirmation
- Your DP ID and client ID from your demat account
The PAN is the easiest option, because it works across all your applications for that IPO.
Method 1: the registrar website
The registrar is the company that processes applications and runs the allotment. Its name is in the RHP and in the “at a glance” table of every IPO review on IPO Scouter. The registrar usually publishes results first, so this is the best place to start.
- Open the registrar’s official IPO status page.
- Select the company from the dropdown. It appears only after the basis of allotment is final.
- Choose PAN, application number or DP ID, enter the details and complete the captcha.
- Submit to see the number of shares applied for and allotted.
The registrars that handle most Indian IPOs:
- KFin Technologies
- MUFG Intime India (formerly Link Intime)
- Bigshare Services
Smaller SME issues often use registrars such as Skyline, Cameo, Purva Sharegistry or Maashitla. Use the link given in the RHP or on the exchange website, never a link forwarded on social media.
Method 2: the BSE or NSE website
Both exchanges show allotment results once the registrar shares the data, sometimes a few hours later than the registrar itself.
- BSE: open the BSE application status page, choose Equity, pick the issue name and enter your application number or PAN.
- NSE: use the IPO bid verification and allotment status section on the NSE website, which asks you to sign in with your PAN.
Method 3: your broker app and bank
Most broker apps update the IPO section of your order book on the evening of T+1 or the morning of T+2. The exact screen differs between Zerodha, Groww and other brokers, but you will usually see an “allotted” or “not allotted” label against your bid.
Your bank and demat account give two more clues:
- If the UPI mandate amount is debited, you have been allotted shares.
- If the block is released and the money shows as available again, you were not allotted.
- A message from CDSL or NSDL about a credit to your demat account confirms the shares have arrived.
What each status message means
| Message | What it means | What to do |
|---|---|---|
| Allotted | You received shares, usually one lot in an oversubscribed issue | Look for the demat credit on T+2 |
| Not allotted | Your bid was valid but you were not picked in the draw | Check that the UPI block is released by T+2 |
| Record not found | Results are not out yet, or the details entered do not match | Check again later and confirm your PAN or application number |
| Rejected | The application was invalid | Common causes: duplicate PAN, a UPI mandate not approved in time, or a name mismatch |
How retail allotment is decided
When the retail portion of an IPO is oversubscribed, there are not enough shares for everyone. SEBI rules say that as many retail applicants as possible should get the minimum lot, so the registrar runs a computerised draw. Winners get one lot each, and everyone else gets nothing.
That has two practical effects:
- Your chance is roughly 1 divided by the retail subscription. At 10 times retail subscription, about one applicant in ten gets a lot.
- Applying for more lots from the same PAN does not improve your retail odds, because every valid application enters the draw once.
Separate applications from family members with their own PANs and demat accounts are separate entries. With a single-application chance of p, the chance that at least one of n family applications is allotted is 1 minus (1 minus p) to the power n. For small and big NII applicants, allotment is also done by draw, based on the minimum application size for each category.
If you did not get an allotment
Your money was only blocked, never debited, so it should be released by T+2. If the block is still showing after that, contact your bank first, because the bank handles the UPI mandate or ASBA block. If the bank cannot resolve it, raise a complaint with the registrar using your application number.
Then look at what is opening next on our Live IPOs and Upcoming IPOs pages.
Stay safe while checking
- Use only the registrar, BSE, NSE or your broker. Allotment status never needs a payment.
- Never share an OTP, your UPI PIN or your demat password with anyone offering to “check” or “guarantee” an allotment.
- No one can increase your chance after bidding closes. Messages offering this are scams.
Frequently asked questions
When is IPO allotment status released?
Usually on the evening of T+1, one working day after the IPO closes.
Can I check allotment status with just my PAN?
Yes. The registrar website, BSE and NSE all let you search by PAN.
Why does it say “record not found”?
Either the results are not published yet or the details do not match your application. Wait a few hours and check the PAN or application number.
Does applying for more lots increase my chance?
Not in the retail category of an oversubscribed IPO. Each valid application gets one entry in the draw.
When will the shares reach my demat account?
On T+2, a day before listing. You will usually get a message from CDSL or NSDL. For the latest results by IPO, see our Allotment Status page and our guide to IPO GMP.
Disclaimer
This guide is for information and education only and is not investment advice. Allotment rules and timelines follow SEBI regulations and the offer document of each IPO. See our full Disclaimer.