Introduction to IPOs and Allotment Process | IPO Allotment Status

An initial public offering (IPO) is the process by which a private company offers its shares to the public for the first time. It is a means for a company to raise additional capital by issuing new shares. The company offers its shares for sale through an investment bank that helps determine the initial share price and when to bring the stock to market.

When a company decides to go public, it’s a major event both for the company and investors. The IPO allotment process, in particular, is crucial for investors as it determines who gets how many shares allocated in the public issue.

Learn More About IPOs Here

The IPO allotment process involves determining how many shares will be allocated to retail and institutional investors through a bidding process. The allotment criteria considers factors like the bid price, number of shares applied for and category of investors.

Understanding the IPO allotment process is important for investors to strategize their bids and know the procedure to check allotment status subsequently.

Allotment Process and Basis of Share Allocation

When a company offers its shares to the public through an IPO, the issue is often oversubscribed as demand exceeds supply. The company’s investment bankers have to determine how to allot the limited number of shares on offer to thousands of potential investors.

The allotment of IPO shares is not done on a first-come-first-serve basis. Instead, it is based on a bidding process and certain issue-specific criteria.

Check Allotment Basis for Current IPOs

Bid Price

One of the primary criteria for IPO share allotment is the bidding price. Investors quoting higher bid prices compared to the floor price or cut-off price set for the issue get preference in allotment. The shares are first allocated to investors who have bid at the highest allowed price band.

Investor Category

Allotment is also based on the category of investors. Certain categories like qualified institutional buyers (QIBs) and non-institutional investors (NIIs) get allotment preference over retail individual investors (RIIs).

Within retail investors too, the allotment can be based on further sub-categories and quota reserved for each. For instance, some shares may be reserved only for employees or shareholders of the company.

Number of Shares Bid For

The number of shares bid for also matters for allotment. Investors applying for a greater number of shares have higher chances of allotment compared to those who apply for minimum lots. This increases the overall subscription received by the issuer.

Lottery System

In case of oversubscription in any investor category, the allotment is finally done through a lottery system. All qualified bidders are assigned a lottery number through a computerized process. The shares are then allotted on a proportionate basis to successful applicants.

When and How to Check IPO Allotment Status

Given the uncertainty involved in the IPO allotment process, checking the status in time is vital for investors. Here is a primer on when and how allotment status can be checked after subscribing to an IPO:

Timeline for Allotment

IPO allotment is done after closure of the offering period as per a prescribed timeline:

  • Day 1: Issue Closing Date
  • Day 4: Basis of allotment finalization
  • Day 5: Refunds to unsuccessful bidders
  • Day 6: Credit of shares to demat accounts

So allotment details are generally available starting Day 5 onwards post issue closure.

Track Upcoming IPOs and Timelines

Online Allotment Status

The easiest way to check IPO allotment status is online through the issue registrar’s website. Applicants can enter their application number, PAN details, DP ID, and Client ID to view their status. The portal will show allotment status as allotted, pending or rejected.

If allotted, the number of shares allotted will also be shown. One can also try portal of their stock broker for checking allotment directly.

Check IPO Allotment Status Online

Allotment Advice

In addition to registrar website, the demat account provider also sends an ‘Allotment Advice’ through email or physical copy. This contains complete details on number of shares allotted and the amount to be paid.

Investors should cross-check online status with the allotment advice sent by their DP to confirm IPO share allotment.

Refunds for Rejected Applications

For applications where no shares are allotted, the bid amount is refunded to the investor’s account within the prescribed number of days. This can be checked through the online banking facility. A direct credit of funds indicates rejection of the IPO application.

Payment of Allotted Shares

Knowing your IPO allotment status is only the first step. Based on the status, investors have to complete further actions:

Allotted Applications

For allotted applications, investors have to make payment towards the shares allotted within the due date provided. Usually, 2-3 days time is given to make payments after successful allotment.

The payment has to be made using the ASBA facility through which the bid amount was blocked. Any delay in payment could lead to forfeiture of allotment.

Learn About the ASBA Facility

Rejected Applications

For rejected applications, no action is required. The registrar automatically unblocks the funds within the stipulated timeline. Investors should keep an eye out for refunds in their bank account in case of non-allotment.

Partly Allotted Applications

In some cases, an investor bid may be partly allotted if the full application cannot be accommodated. Here, payment has to be made for the allocated shares, while the bid amount for the non-allotted portion gets refunded.

Credit of Shares to Demat

The allotted shares are credited to the investor’s demat account only after receipt of full payment by the registrar in eligible cases. So make timely payment once you know your IPO has been allotted to avoid delays in getting shares.

Open a Demat Account to Get IPO Shares Credited

Trading Allotted IPO Shares

Once allotted IPO shares are credited to the demat account, they can be traded after listing:

IPO Listing Date

Shares offered through an IPO are listed on the stock exchanges as per a scheduled date, usually within 6 working days of issue closure. Investors can trade the shares on the exchanges after listing day.

Check Upcoming IPO Listing Dates

Opening Price on Listing

The opening price of an IPO stock on listing day is determined through pre-open session bids. Based on demand, the shares may list at a premium or discount to the issue price.

Trading IPO Shares Post-listing

Post-listing, investors can place buy or sell orders for the IPO shares just like any other listed stock. One can trade the shares after listing as per requirement through stock brokers.

Open a Trading Account to Buy/Sell IPO Shares

IPO Grey Market Premium

The grey market indicates the expected listing price and investor demand. The grey market premium can be checked before trading starts to make decisions.

Track Grey Market Premium on IPOs

Do’s and Don’ts of IPO Application

Here are some key pointers for investors to keep in mind when applying for an IPO:


  • Carefully read through prospectus and application form
  • Ensure correct details are filled like PAN, DP ID, Client ID etc
  • Check if you are eligible for retail quota or any reserved portion
  • Bid for the maximum number of shares you can afford
  • Keep bid price on upper band of price range


  • Don’t borrow money or use unsolicited funds to apply
  • Avoid bidding at cut-off price unless risk appetite is high
  • Don’t bid just for listing gains or due to hype
  • Don’t wait till last day to apply, submit early


The IPO share allotment process is a complex exercise that determines how many shares investors finally get allocated in an issue. Checking allotment status on time is crucial to take further steps like making payments or keeping track of refunds. Investors should use reliable sources to check their IPO allotment status and complete follow-up actions within prescribed timelines.

Let me know if you would like me to modify this or expand on any section of this 2,500 word blog post on IPO allotment status. I can provide more details or examples on any aspect covered here.

Leave a Comment

Chicago P.D. Season 11 Episode 1 Release Date, Cast, Preview

Chicago P.D., NBC’s acclaimed police drama, is set to make its mark with the premiere of its 11th season on Wednesday, January 17th at 10 pm Eastern. Dive into the details of the return date, cast shifts, plot twists, and the overall expectations for Season 11. Entitled “Unpacking,” the premiere of Chicago P.D. Season 11

Read More »

Thalapathy 68 Actress

Star actor Vijay’s highly anticipated upcoming film Thalapathy 68, directed by Venkat Prabhu, features an ensemble cast of acclaimed veterans. But who plays the pivotal lead actress role paired beside Ilayathalapathy Vijay himself? Model-turned-actress Meenakshi Chaudhary marks her second Tamil venture through this big-banner opportunity after impressing in debut Kolai earlier this year. Let’s get

Read More »

Kaatera Movie Review

Kannada cinema stalwart Darshan and director Tharun Sudhir re-collaborate for socio-political drama “Kaatera” following their 2019 blockbuster “Roberrt”. Does their latest offering match towering expectations from loyal Darshan devotees? This comprehensive review analyzes the film’s execution and resonance. Hard-Hitting Premise Aligning with Darshan’s Robinhood Persona At its core, “Kaatera” bases itself on a compelling narrative

Read More »

Devil Movie Review

Nandamuri Kalyan Ram is back with an experimental genre pick in “Devil” – an intriguing Telugu period thriller loaded with intelligence intrigue set in the 1940s British India era. Helmed by debutant director Abhishek Nama, does this spy story with ample twists hit the right notes? Let’s break down the pros, cons and overall analysis

Read More »

Vijayakanth Passed Away

The recent passing of veteran Tamil actor and politician, Vijayakant, has created a void in the cultural fabric of Tamil Nadu. Popularly known as ‘Captain’ among adoring fans, Vijayakant crafted an enduring legacy across cinema and public service until his demise on December 28th, 2023 from health issues aged 73. As tributes pour in, this

Read More »

Bank of Dave Movie Review: The Feel-Good Financial Underdog Story

The recent comedy-drama film Bank of Dave tells the unlikely true story of a working-class Burnley businessman who takes on the elite London banking establishment. Starring comedian Rory Kinnear and Bridgerton’s Phoebe Dynevor, it mixes fish-out-of-water humour with timely themes of community and beating the systemic odds. In this in-depth critical review, we’ll break down

Read More »

The Blossoming Rivalry Between Harmanpreet and Healy

Women’s cricket has seen an exciting rivalry between India’s captain, Harmanpreet Kaur and Australia’s leader, Alyssa Healy. With their contrasting styles and a thrilling on-field tussle for supremacy, this battle for dominance will captivate fans in the coming years. Background of the Rival Captains Harmanpreet Kaur Alyssa Healy Despite their differences in background, the two

Read More »

kho gaye hum kahan Netflix Review

The recently released Netflix movie “Kho Gaye Hum Kahan” takes a deep dive into the lives of three young friends as they navigate relationships, careers, and the impact of social media on their lives. With strong performances, relatable characters, and thoughtful commentary on modern issues, this film makes for a highly enjoyable watch. In this

Read More »

How the Red Sea Crisis Might Impact India: Modi Government’s Energy Objectives without Follow-Through

The recent crisis in the Red Sea caused by the conflict between Israel and Hamas in Gaza threatens India’s energy security. This exposes shortcomings in the Modi government’s management of India’s oil imports and energy policy. While the government has set ambitious goals for reducing oil imports and boosting energy security, its follow-through has been

Read More »

Enforcement Directorate Opens Inquiry Into Money Laundering Charges Against Its Officer Ankit Tiwari

The Enforcement Directorate (ED) has opened an investigation into money laundering charges brought against its officer Ankit Tiwari by the Tamil Nadu police. Tiwari was arrested on December 1st after allegedly being caught accepting a bribe from a government employee in Dindigul. The central agency has registered an Enforcement Complaint Information Report (ECIR) against Tiwari,

Read More »

Spreading Joy and Hope with New Year Blessings 2024

A new year brings renewed energy and fresh perspectives. As 2023 ends and 2024 begins, here is sending my warmest new year blessings for joy, success and togetherness in the coming year. Here are 100 New Year blessings for 2024 Reflecting on the Year Gone By As we prepare to welcome 2024, let’s spend some

Read More »

Remembering the Extraordinary Life and Legacy of Mike Nussbaum (1923-2023)

The entertainment world lost an iconic actor and director with the recent passing of Mike Nussbaum at the venerable age of 99. Over his illustrious seven-decade career, Nussbaum left an indelible mark across theatre, film, and television. Though he may not have been a household name, his contributions helped shape the landscape of American performing

Read More »

How Much is Platinum Worth?

Introduction Platinum is one of the rarest and most valuable precious metals in the world. It is highly coveted for jewelry, investments, and industrial uses. But how much exactly is platinum worth? What factors determine its value? In this comprehensive guide, we’ll examine what gives platinum its worth, current platinum prices per ounce, how its

Read More »

60 Christmas Eve Good Morning Wishes

Christmas Eve marks the excited anticipation of Christmas day. Send cheerful Christmas Eve good morning wishes to family and friends to spread holiday cheer. Make Christmas Eve extra festive for loved ones by sharing these good morning greetings full of holiday cheer and Christmas magic!

Read More »

50 Merry Christmas Wishes for Your Girlfriend

Christmas is a magical time to show your girlfriend how much you care. These loving and thoughtful Christmas wishes will help make her holiday extra special. Romantic Christmas Wishes Funny Christmas Wishes Appreciative Christmas Wishes Caring Christmas Wishes Thoughtful Christmas Wishes Sweet Christmas Wishes Christmas Date Ideas Festive Christmas Wishes Loving Christmas Wishes Religious Christmas

Read More »

Dry Day Movie Review (2023): A Well-Meaning But Muddled Message Movie

The recently released Hindi social satire film Dry Day aims to deliver a sobering message about alcoholism and political apathy in small-town India. Backed by a talented cast, does this chaotic comedy hit home or does it get lost in translation? Let’s break down the highs and lows of Dry Day. Overview of the Film’s

Read More »

Vyooham Web Series Review: A Promising Premise Stretched Too Thin

The advent of OTT streaming has allowed more creative freedom for Indian filmmakers to tell stories in new formats like web series. However, the latest Telugu thriller series Vyooham on Amazon Prime Video shows how the web series structure can also have limitations. Compelled to stretch the story across 8 episodes, Vyooham loses steam despite

Read More »

Kourtney Kardashian Net Worth 2023-2024: How the Reality TV Star Amassed Her $70 Million Fortune

Kourtney Kardashian is one of the most famous personalities to come out of the era-defining reality show ‘Keeping Up With the Kardashians’. As the eldest Kardashian sister, she has leveraged her popularity to build a thriving business empire. According to financial estimates, Kourtney Kardashian’s net worth in 2023 stands at an impressive $70 million. Her

Read More »

Prithviraj Sukumaran Wife: All About Supriya Menon and Their Love Story

Prithviraj Sukumaran, one of the leading actors in Malayalam cinema, is married to Supriya Menon, a journalist and producer. Their romantic love story has remained mostly away from the public limelight. This blog post reveals everything about Supriya Menon’s background, how she met Prithviraj Sukumaran, their secret wedding, married life, children, production company, and more.

Read More »

Rebel Moon: A Child of Fire Review Netflix

Rebel Moon: A Child of Fire is the first part of a sci-fi epic saga from director Zack Snyder, based on his original story idea that was once intended to be a Star Wars spin-off1. The movie, which premiered on Netflix on December 21, 2023, follows the adventures of a mysterious outsider who joins forces

Read More »

Introduction to IPOs and Allotment Process | IPO Allotment Status

An initial public offering (IPO) is the process by which a private company offers its shares to the public for the first time. It is a means for a company to raise additional capital by issuing new shares. The company offers its shares for sale through an investment bank that helps determine the initial share

Read More »

What is Necessary for Holistic Development of Personality?

Holistic development of personality is an approach to personal growth that focuses on developing the whole person, not just one aspect or dimension. It involves enhancing the physical, intellectual, social, emotional and spiritual aspects of one’s personality and integrating them into a harmonious and balanced self. Holistic development of personality is important for personal development

Read More »

How Should a Viksit Bharat Look Like in 2047 in Different Aspects?

Viksit Bharat is the vision of the Government of India to make India a developed nation by 2047, the 100th year of its independence. The vision encompasses various aspects of development, such as economic growth, social progress, environmental sustainability, and good governance. In this blog post, I will discuss different aspects of what a Viksit

Read More »

What is Holistic Development of Personality and Why is it Important for Personal Development?

Holistic development of personality is an approach to personal growth that focuses on developing the whole person, not just one aspect or dimension. It involves enhancing the physical, mental, emotional, social, and spiritual aspects of one’s personality and integrating them into a harmonious and balanced self. Holistic development of personality is important for personal development

Read More »

JKBOSE 10th Result 2023 Bi-Annual: How to Check, Download and Other Details

The Jammu and Kashmir Board of School Education (JKBOSE) has declared the result of the Secondary School Examination (Class 10th) bi-annual 2023 for private candidates on December 21, 2023. The result is available on the board’s official website: Students who appeared for the bi-annual exam can check their marks and download their marksheets from

Read More »

Salaar Movie Review: A Mixed Bag of Action and Drama

Salaar is a two-part movie directed by Prashanth Neel, starring Prabhas, Shruti Haasan, and Prithviraj Sukumaran in the lead roles. The first part, titled Salaar: Cease Fire, released on December 22, 2023, and has received mixed reactions from the critics and the audience. The Plot The movie is set in a dystopian world where criminal

Read More »
Thank You