IPO Allotment Status in 2025
Once you have applied for an IPO, you must check whether the shares that you had applied for were allotted to you or not.
Company Name | Issue Price | Issue Date | Overall Subscription | ||||
|---|---|---|---|---|---|---|---|
What is IPO Allotment Status ?
IPO allotment status provides the details about the number of shares allotted to the investor in an Initial public offer (IPO}. IPO allotment process is carried out by the registrar of the IPO. IPO allotment date Is the date when the allotment status is announced to the public on the website of the registrar of the IPO.
IPO allotment calculation is published by the registrar on the basis of the allotment document. Investors can do IPO allotment check by visiting the website of the registrar (i.e. Linkintime,Karvy) once the allotment Is done.
Understanding IPO Allotment
IPO allotment is the process of distributing shares to investors who apply during an Initial Public Offering (IPO). Since demand often exceeds supply, companies use a fair and systematic process to allocate shares. The allotment is managed by the registrar of the IPO and follows specific guidelines set by market regulators.
For retail investors, shares are usually allotted through a lottery system when an IPO is oversubscribed. In the case of high-net-worth individuals (HNIs) and institutional investors, allotment is done on a proportional basis. Investors can check their IPO allotment status through the registrar’s website or stock exchange portals by entering their application details.
If shares are allotted, they are credited to the investor’s demat account before the listing date. If not, the application money is refunded. Understanding IPO allotment helps investors set realistic expectations and plan their investments accordingly. Staying informed about allotment rules and processes can enhance investment decisions in the dynamic IPO market.
How to check IPO allotment status?
IPO allotment is a process whereby the registrar to the offer allocates the IPO shares to a bidder who has applied for an IPO subscription. The entire process of IPO allotment Is completed within a week of the IPO release date for all large cap IPOs. However,in the case of smallcap IPOs.this process could take longer where the subscription does not meet the particular threshold.
Bidders can check their IPO application status online by either logging in at the BSE or NSE website or at the official registrar's website. IPO allotment status provides the detail about the number of shares allotted to the investor in an IPO. Investors can check the IPO allotment status on the IPO allotment date when the information is made available to the public on the website of the registrar of the IPO. Bidders are also informed about the new IPO allotment status by BSE.NSE.CDSL,and NSDL through email and SMS.
What is the Procedure for the Allotment of Shares in an IPO?
Once the applications for the IPO are received, the allotment process begins. Only after the allotment is complete do the shares get officially issued and thereafter, start getting traded in the secondary market.
Although the exact process depends on the company, the following steps are followed in IPO allotment in general:
- Apply for the IPO during the bidding window and upon the completion of payment, you become eligible for allotment of shares.
- On the day of allotment, the registrar conducts the allotment process by:
- Lottery system - When applications are chosen randomly from the bidding pool for allotment. However, not every applicant is allotted shares in this process.
- Proportionate allotment - The quantity of shares is adjusted as per the level of subscription. Every applicant receives an adjusted quantity of shares in this process.
- The status of allotment is disclosed to you via the broker or registrar.
How is IPO Allotment Calculated?
IPO Allotment is done on the basis of a lottery. Let us use a short example to understand the lottery system. Suppose 5 investors have applied for an IPO at ₹100 which is the cut-off price i.e. the price at which the shares are issued. Suppose the investors applied for shares in the following pattern:
| Investors list | Quantity applied for |
|---|---|
| Investor 1 | 2 |
| Investor 2 | 2 |
| Investor 3 | 3 |
| Investor 4 | 3 |
| Investor 5 | 2 |
| Total shares applied for | 11 |
However, this has resulted in an oversubscription. Suppose the total number of shares that were being floated for sale was only 4. Since a lottery system is followed, there is no clear way in which the allocation is done. Suppose, the pattern at which the shares will be distributed is:
| Investors list | Quantity applied for | Quantity received |
|---|---|---|
| Investor 1 | 2 | 0 |
| Investor 2 | 2 | 1 |
| Investor 3 | 3 | 1 |
| Investor 4 | 3 | 1 |
| Investor 5 | 2 | 1 |
| Total shares applied for | 11 | 4 |
In the above example, the allocation is done based on a lottery, where the number of shares allocated does not depend on the number of shares applied for.
Note: Had any of these investors bid for the shares at a price lower than the cut-off price, then the would not have been allotted any shares.
Factors Affecting IPO Allotment
IPO allotment is influenced by several key factors rather than being a random process.
Oversubscription: Occurs when investor demand exceeds the available shares. In such cases, allotment is done proportionally, meaning investors who apply for more shares may have a higher chance of receiving some. For retail investors, a lottery system is often used to ensure fairness.
Allotment method: Companies may follow different allocation strategies, such as a lottery system for retail investors or proportional allotment for high-net-worth and institutional investors. The details of the method are usually outlined in the IPO prospectus.
Proportion of retail and institutional investors: Institutional investors typically receive a larger share, while retail investors have a separate quota. Understanding these factors can help investors make informed decisions and manage expectations when applying for an IPO.
Top IPO Registrars in India
IPO registrars play a crucial role in the allotment process, ensuring a smooth distribution of shares to investors. They handle IPO subscription data, verify applications, and publish allotment results on their websites. Among them, MUFG Intime (Link Intime) and KFin Technologies are leading names, primarily managing mainline IPOs, while others cater to SME IPOs.
Leading IPO Registrars in India -
MUFG Intime India Private Limited – A key player in IPO services, known for its efficient allotment process.
KFin Technologies Private Limited – Has handled over 225 IPOs, continuously expanding its portfolio.
Bigshare Services Private Limited – A prominent registrar, managing 300+ IPOs to date.
Cameo Corporate Services Limited – Specialises in registrar and transfer agent services.
Skyline Financial Services Private Limited – Provides IPO and corporate registry services.
Maashitla Securities Private Limited – Offers comprehensive financial registry solutions.
Purva Sharegistry India Private Limited – Manages IPO allotments and shares registry services.
Integrated Registry Management Services – Supports IPOs and corporate actions.
MAS Services Limited – Provides registrar and share transfer services.
How Does the Registrar Decide on IPO Allotment?
Once the IPO application process concludes, the allotment of shares follows one of two scenarios:
When demand matches supply
If the total number of bids is equal to or less than the shares available, every valid applicant receives the lot they applied for. In this case, all bidders secure shares without any intervention from the registrar.
When demand exceeds supply
This is a more common scenario, requiring a structured approach to allotment. As per SEBI regulations, at least one lot must be allocated to each eligible applicant.
For example, if Company A offers 7,00,000 shares with a lot size of 70, the maximum number of investors eligible for at least one lot is 10,000 (7,00,000 ÷ 70). Depending on the level of oversubscription, two methods are used:
Mild oversubscription: If the demand slightly exceeds supply, the minimum lot is allotted to all applicants, while the remaining shares are proportionally distributed among those who bid for more.
Heavy oversubscription: If demand significantly surpasses available shares, the registrar conducts a random draw. Investors whose names are not selected will not receive shares.
If an investor does not receive an allotment, it may be due to an invalid application (incorrect PAN or Demat details) or an unsuccessful bid in the lucky draw.
Tips for IPO Allotment Success
Diversify applications: Avoid large bids in oversubscribed IPOs. Instead, spread your investment across multiple smaller applications, as SEBI treats all retail applications equally up to ₹2,00,000. This approach increases the likelihood of securing at least one allotment.
Apply through multiple accounts: Enhance your chances by encouraging family members or friends to apply using their own Demat accounts. Each application is considered separately, improving the probability of receiving an allotment.
Stay updated on upcoming IPOs: Keep track of new IPO listings and participate in multiple offerings to increase your overall chances of securing shares. Staying proactive and well-informed helps in identifying the best investment opportunities.
Open accounts with different brokers: Having accounts with multiple brokerage firms expands your access to various IPO allocations, reducing reliance on a single broker and improving your chances of success.
Leverage family participation: Pooling resources and applying through multiple family accounts enhances the probability of receiving an allotment, spreading the risk across different applications.
Engage consistently in IPOs: Regular participation improves your understanding of IPO trends and market behaviour. Even if initial attempts are unsuccessful, persistence increases your chances of securing shares in future offerings.