IPO allotment status
You applied for the IPO, approved the mandate, and the subscription window closed. Now comes the two-day wait that feels longer than it is.
The three places to check
The authoritative source is the IPO’s registrar, the company SEBI appoints to run the allotment. The DRHP and every IPO listing page names it; in practice it is almost always Link Intime, KFin Technologies, or Bigshare.
What the statuses mean
Allotted means shares are coming to your demat account, typically the day before listing. Not allotted means the block on your money releases, usually within a day or two of the basis of allotment being finalised.
When to check
The basis of allotment is usually finalised one working day after the issue closes, and registrars publish results by that evening or the next morning.
The part nobody checks
Everyone checks whether they got shares. Almost nobody checks that the shares actually landed in demat before listing day, or that the refund actually arrived when they did not.
You applied for the IPO, approved the mandate, and the subscription window closed. Now comes the two-day wait that feels longer than it is. This covers where to check the allotment and what the result means for your money.
The three places to check
The authoritative source is the IPO’s registrar, the company SEBI appoints to run the allotment. The DRHP and every IPO listing page names it; in practice it is almost always Link Intime, KFin Technologies, or Bigshare. Each registrar has a simple page: select the IPO, enter your PAN (or application number or demat account number), and the status appears. If you do not know the registrar, the BSE website has a single status page that covers all IPOs regardless of registrar: application number plus PAN, done. Your broker app shows it too, usually a day late and with less detail.
What the statuses mean
Allotted means shares are coming to your demat account, typically the day before listing. Not allotted means the block on your money releases, usually within a day or two of the basis of allotment being finalised. And the one that confuses people every time: the ASBA block on your bank account lifting is not proof of allotment or rejection by itself, it only means the process has moved to settlement. Check the registrar page, not your bank balance.
When to check
The basis of allotment is usually finalised one working day after the issue closes, and registrars publish results by that evening or the next morning. Checking at midnight on closing day will show you nothing but a spinning wheel. The sequence runs: issue closes, basis of allotment, refunds and unblocking, credit of shares to demat, listing. If listing day arrives and you still have neither shares nor your unblocked money, that is the moment to call the broker, not before.
The part nobody checks
Everyone checks whether they got shares. Almost nobody checks that the shares actually landed in demat before listing day, or that the refund actually arrived when they did not. Both failures are rare and both are fixable, but only if you look. Two minutes on the registrar page and one glance at the demat account the evening before listing is the whole job.
Allotment in a hot IPO is a lottery with known odds, and the registrar’s page is the only honest scoreboard. Everything else, the broker notification, the WhatsApp forward, the “my friend applied and got it”, is commentary.