How to Check your IPO Allotment Status on the Angel One Mobile App (ABMA)
If you have recently applied for an IPO via Angel One, here’s how you can check your Allotment Status from our Mobile App.
STEP 1: Login & Look for Investment Opportunities
STEP 2: Choose IPOs & FPOs
STEP 3: Click Order Book
- Allotted – means that you have been given a full allotment.
- Partially-Allotted – means that you have been allotted a lesser number of shares than what you have applied for. (Eg – You may have applied for 10 lots of ABC IPO. However, you have only been allotted 7 lots – 3 lots have not been allotted.)
- No Allotment – means that you have not been allotted any shares. This may happen because:
- Your application was not selected in the draw, or
- There is some error in your PAN No. or Demat account number, or
- Your bid is below the issue price, or
- You may have submitted multiple applications under the same PAN.
For No-Allotment or Partial Allotment, any blocked amount will be unblocked/released on or before the UPI mandate expiry date as per the IPO timeline. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
Here are 2 additional ways to check your IPO Allotment Status
1) Visit the website of the Exchanges
- Go here for BSE -> Select Equity -> Select Issue Name -> Enter Application Number & PAN
- Go here for NSE -> One-time Registration
2) Visit the Registrar’s website
In case you would like to know more about IPOs, continue reading…
Just like living organisms require nutrients to grow, companies need funds to grow. Companies arrange funds through various means. They use profits to fund growth or take a loan to finance expansion. Besides debt and profits, companies also issue equity shares to raise funds from the public. When a company issues its shares for the first time, it is known as an initial public offering or IPO. In 2018-19, companies in India raised Rs 19, 900 crores through public offerings as against Rs 76, 200 crores a year ago.
What is IPO?
An initial public offering is a process through which a private company raises funds by issuing fresh shares to the public. When a private company issues shares for the first time it is known as an initial public offering. The process is known as a follow-on public offering if a public company issues additional shares after an initial public offering. The fresh equity issued by a company during an IPO is bought by investors, which makes them partial owners of the company. The funds raised through an IPO can either be used for expansion or by existing owners and shareholders to book partial profit on their investment. The shares issued as part of an IPO can be traded in the secondary market after listing.
Issuance to IPO allotment, the journey involves several steps. When the finalisation is complete, the issuer releases IPO allotment status where investors can check the allocation against their names.
How to invest in an IPO?
IPOs attract attention from a wide variety of investors. Investors ranging from small retail investors to large financial institutions buy shares through IPOs. However, not all IPOs give instant returns as some stocks list below the issue price.
- The first step is to determine if a company is worth investing in. Read a company’s draft prospectus, which is available on the website of the Securities and Exchange Board of India, to know about the company’s business plan and financial metrics.
- If you are convinced to invest after reading the draft prospectus, arrange the funds for the You are not allowed to bid for a single share as shares are allotted in lots in an IPO. Investors are informed about the lot sizes in advance. For instance, a company announces a price band of Rs100-110 per share and a minimum lot size of 100 for its IPO. If you bid at the upper limit of the price band, also known as the cap price, you will have to invest at least Rs 11,000 to participate in the IPO. The unit for investment in an IPO is a lot consisting of a certain number of shares and not single shares.
- One needs to have a demat-cum-trading account to invest in an IPO. Having a trading account is not compulsory, but without it, you would not be able to sell the allotted shares in the secondary market.
- Applying for an IPO is the next step. Both offline and online mediums are available for IPO Contrary to the older process, where investors had to submit cheques or demand drafts for IPO. The market regulator has made the Application Supported by Blocked Amount facility compulsory for IPOs. An amount is blocked in your bank account according to the number of lots requested. An amount to the extent of shares allotted is debited from the bank account after the allotment of shares.
- The allotment of shares takes place after the application process. Not everyone may receive the number of lots requested as sometimes the demand outstrips the number of shares available.
- It takes around a week for the registrar of the IPO to allot shares to successful investors. When the demand is more than the supply, then the allotment is decided through a lottery system.
- One can check the allotment status through the website of the registrar. Registrars are independent institutions responsible for managing the IPO They process the application forms and also take care of the share allotment. Besides the website of the registrar, you can also check the IPO allotment status on the website of NSE and BSE. Depositories like NSDL and CSDL, stock exchanges and even brokers inform the investor through email or SMS about the allotment status. You will require the PAN and DPID/ client ID number or the bid application number to check the allotment status.
What Is IPO Allotment?
IPO allotment is a process where the registrar of office allocates IPO shares according to the bids placed by individual investors. Where the shares are oversubscribed, a condition where more bids are placed than the number of IPO shares available, the allotment happens through lottery. Based on the result, shares get assigned to your name.
In the case of large-cap IPOs, completing the IPO allotment process takes about a week’s time. The registrar updates the allotment status on its website, where investors can check the application status.
How To Check IPO Allotment In Your Name
When a company announces an IPO release, it also declares a tentative IPO allotment date. It is the date when IPO allotment status is disclosed to the public. Nowadays, IPO allotment status gets updated online. To know the status of your bid, visit the registrar’s website. You will have options to search by entering your PAN, DP Id, or application number.
How to increase chances of IPO allotment
IPO share allotment happens following SEBI rules. In case of oversubscription, the registrar following the SEBI rule will decide the maximum number of retail investors who will receive IPOs by dividing the total number of shares available for Retail Institutional Investors (RII) by the minimum bid lot, after eliminating technical rejection.
Since registrars follow a lottery system to allot IPOs here is something you can do to increase your chances.
- SEBI has been instructed to give equal status to all RI applicants with a value less than Rs 2,00,000. So, there is no perk for submitting a large volume of application
- Try applying using multiple DEMATs, tied to different PAN
- Bid on the higher end to increase your chances. Bidders ready to pay the cut-off price are given preference
- Check IPO allotment status of HNI, QIBs, and retail category during the 1st and 2nd day to test market response. If the response is good, go ahead with your application.
In the case of retail investors, SEBI has increased the threshold to Rs 15,000 (floor limit Rs 10,000) for the minimum application amount used to define the minimum bid lot size.
The stellar performance of some recent IPOs has increased retail investor interest in public offerings. The shares of a company list on the stock exchange within days of allotment. You can either choose to hold the shares or simply sell on the day of listing depending on your risk tolerance, investment horizon and liquidity needs. FAQ’s
What is IPO Allotment?
IPO allotment refers to the process of allotting IPO shares to investors. The selection happens by lottery, following SEBI guidelines. It takes around one week for the registrar to complete the allotment process.
Who decides IPO Allotment?
The company appoints a registrar to preside over the IPO allotment process. The registrar is a registered company that works independently. On the IPO allotment date, the registrar publishes a list of investors and the number of lots issued to each of them.
How to finalise an IPO Allotment?
After Post successful bidding process, the registrar of the IPO finalises the IPO allotment status. It is a one-week long process, and after that, the registrar updates the IPO allotment status on its website.
What is the IPO Allotment date?
If you have applied for IPO, the IPO allotment date is important to note. The company fix an allotment date approximately one week after the subscription date, during which the registrar completes the allotment finalisation process. On the IPO allotment date, the final IPO allotment status is announced.
What is the IPO Listing date?
The IPO listing date refers to the day of the new IPO listing in the exchanges, NSE and BSE. After this date, the IPO shares become available in the market, for trading like ordinary stocks.
What is the refund initiation process?
You will receive a refund for the shares you didn’t receive. When you apply for IPO shares, the bank blocks the amount in your account, equal to your bid size. The amount gets debited from your account after the final allotment. Depending on your application status, the bank will initiate a full or partial refund. It usually takes one to two days for the refund to reflect in your account.
How to check IPO Allotment?
There are a couple of ways to check IPO allotment status.
A straightforward way to check the application status is on the registrar’s website. Use your PAN, DPID, or application number to search.
BSE and NSE also publish the same list.
You can also check the status on a third-party website.
Your broker or DP will also update you through email.
Where to Check IPO Allotment?
You can check the IPO allotment status in Registrar’s website BSE and NSE websites Depository Participant (DP) or the broker will intimate you through email Third-party sites that deal with IPOs