IPO Allotment Basics
The initial public offering (IPO) allotment process determines who gets shares of a company when it first goes public. Once the IPO subscription period
ends, the registrar, responsible for managing the IPO, finalizes the allotment. This involves reviewing applications and distributing shares based on predetermined criteria, which usually include factors like the category of the investor (retail, institutional, etc.) and the number of shares applied for. The allotment status informs applicants whether they have been allocated shares and the quantity. This is important as it allows investors to proceed with the next steps, like making payment for the shares or receiving a refund if they weren't allotted any.
NSE Website Access
The National Stock Exchange (NSE) website is a primary resource for checking IPO allotment status. Usually, you can find a dedicated section or a link within the IPO section. Here, you'll generally be prompted to enter specific details, such as your application number, PAN (Permanent Account Number), or DP ID. These details allow the system to verify your application and provide the allotment status. Once entered correctly, the website displays whether you have been allotted shares and the quantity. If the allotment isn't available, the site might show the status as 'pending' or provide an estimated date for availability.
Registrar's Website Details
Besides the NSE website, the registrar's website is the direct source for IPO allotment information. This is the entity managing the IPO process. The registrar's website usually provides a specific section dedicated to checking allotment status. This area typically requires you to enter your application details, such as your application number or your PAN. Ensure you have these details on hand. You can usually find the registrar's name and website link in the IPO prospectus or application form. After entering the correct information, the site will then display your allotment status, showing whether shares were allocated and the number.
Understanding the Data
Once you access the allotment status, take time to understand the data presented. If shares have been allotted, the system will indicate the number of shares received. If no shares are allotted, you will likely see a message stating 'Not Allotted.' Sometimes, the status might show 'Pending' if the allotment process is still underway. If the allotment status shows 'Not Allotted,' it means that the demand for the IPO exceeded the available shares, and your application was not successful. In this instance, your funds should be returned to your account within a certain timeframe.
