How to Check IPO Allotment Status: Registrar, BSE, NSE

To check IPO allotment status, open the website of the issue's registrar (such as KFin Technologies, MUFG Intime India or Bigshare Services), choose the company and enter your PAN, application number or demat ID. You can also check on the BSE or NSE IPO status pages. Under SEBI's T+3 timeline, the result is usually available on T+1 evening or T+2, and if you are not allotted, the blocked amount should be released by T+2.

Who publishes the allotment result

Every IPO appoints a registrar to the issue. The registrar collects bid data from the exchanges and banks, rejects invalid bids, runs the lottery or proportionate allotment approved by the stock exchange, and credits shares. The registrar's name is printed on the RHP's cover page and in the issue advertisements.

MUFG Intime India is the new name of the registrar formerly called Link Intime India. Older links may still use the old name.

You can see recent issues, their registrar and their listing dates on our live IPO dashboard.

Step by step: checking on the registrar's site

1. Find the registrar from the RHP or the issue advertisement.
2. Open its IPO allotment status page. Use the address from the offer document or the registrar's official website; avoid links from messaging groups, a common route for phishing (see how to spot investment scams).
3. Select the company from the dropdown. It appears only once the basis of allotment is finalised.
4. Choose a search option: PAN, application number, or DP ID and client ID.
5. Enter the details and any captcha, and submit.
6. Read the result: shares applied, shares allotted, and sometimes the amount adjusted or refunded.

Step by step: checking on BSE or NSE

1. Open the exchange's IPO application status page.
2. Select "Equity" and the issue name.
3. Enter your application number and PAN.
4. Submit to see whether bids were valid and whether shares were allotted.

If one site shows "record not found", try another search key such as the application number, or check again later; the file may not be uploaded yet.

What the possible results mean

Why "not allotted" is common

When a retail portion is oversubscribed, SEBI rules say the registrar must allot the minimum lot to as many retail applicants as possible, chosen by a computerised lottery. If retail is 40 times subscribed, most retail applicants get nothing. The same lottery method applies to small HNIs (bids above ₹2 lakh up to ₹10 lakh) at their minimum application size. Not getting shares says nothing about your bid quality. See IPO categories: retail, sHNI and bHNI for how each category is allotted.

Common reasons for rejection

• UPI mandate not approved by 5 pm on the closing day.
• Same PAN used for more than one application in the issue.
• Bank account or UPI ID not in the applicant's name.
• PAN, DP ID or client ID mismatch.
• Bid below the final price without the cut-off option.

Worked example: odds and refund (illustrative)

Suppose the retail portion of an issue has 2,00,000 lots available and 8,00,000 valid retail applications.

Arjun applied for 2 lots of 52 shares at an upper band of ₹285, so ₹29,640 was blocked (104 × ₹285). The final price is ₹285.

• If allotted 1 lot: debit = 52 × ₹285 = ₹14,820; unblocked = ₹29,640 − ₹14,820 = ₹14,820.
• If not allotted: all ₹29,640 is unblocked.

Applying for 2 lots instead of 1 did not double his chance, because each retail application is one ticket in the lottery.

Refund and unblock timelines

Under SEBI's T+3 timeline, mandatory since 1 December 2023:

Because IPO money is blocked rather than debited, "refund" usually means unblocking: your balance becomes available again. If you see a debit without allotment, or the block remains after T+2, raise it with your bank first. SEBI's compensation framework requires intermediaries to compensate investors for delays in unblocking (the issue's General Information Document states the amount, a minimum of ₹100 a day). Keep screenshots of the status and bank SMS.

Where to complain if something goes wrong

1. Bank (SCSB) for funds still blocked or wrongly debited.
2. Registrar to the issue for allotment or demat credit problems. Its investor grievance email is in the RHP.
3. Broker for bid or mandate issues.
4. SEBI SCORES, and then online dispute resolution through the SMART ODR portal, if the intermediary does not resolve it.

After allotment

Allotted shares show in your demat holdings before listing, and you can sell from T+3. Selling within 12 months creates a short-term gain; see tax on IPO listing gains. If you plan to hold, track performance over time with our CAGR calculator. New to IPOs? Start with how to apply for an IPO online.

This article is educational. It does not recommend any IPO.

Key takeaways

• Allotment results come from the registrar to the issue, and also appear on BSE and NSE status pages.
• Check with PAN, application number or DP and client ID, usually from T+1 evening or T+2.
• "Not allotted" means you lost the lottery, not that you made a mistake; the full amount is unblocked.
• Under T+3, unblocking and demat credit happen by T+2 and listing on T+3 working days.
• Retail odds depend on the number of applications, not the number of lots you bid for.
• Use only the registrar's official site, and complain to the bank, registrar and then SEBI SCORES if needed.