IPO Allotment Status: Your 2025 Guide to Check & Next Steps

What is IPO Allotment & Why Checking Status Matters

When you apply for an IPO, shares aren’t guaranteed. Allotment depends on demand, investor categories (retail/QIB), and regulatory rules. Checking your allotment status is crucial to know if you secured shares, when refunds arrive (if rejected), and how many shares you’ll receive. Missing this step risks losing capital or missing the listing day surge.

How IPO Allotment Works: The 2025 Process

1. Subscription Closes: Bidding ends at 5 PM on the final day.
2. Registrar Processing: Firms like KFintech/Link Intime verify applications (3-6 days).
3. Allotment Finalization: Shares distributed via lottery for oversubscribed IPOs. Pro-rata basis for others.
4. Refund Initiation: Rejected applicants get refunds 1 day before listing.
5. Listing Day: Shares credit to demat accounts by 10 AM.

Why you might not get shares: Oversubscription (e.g., 100x retail demand), multiple applications (PAN-linked rejects), or invalid documents.

When to Check Your IPO Allotment Status

• Timeline: Check 6–8 days after IPO closes. For example:
  • IPO closes Monday → Check status by next Tuesday/Wednesday.
• Where to Look:
  • BSE: bseindia.com/investors/appli_check.aspx ↗
  • NSE: nseindia.com/invest/check-trades-bids-verify-ipo-bids ↗
  • Registrar Portals (e.g., KFintech, Link Intime)
  • Third-party trackers like Chittorgarh ↗

Step-by-Step: Checking Allotment Status (2025 Update)

Via BSE:

1. Go to BSE Allotment Page.
2. Select the IPO name.
3. Enter PAN or application number.
4. Click “Search” → Status shows “Allotted/Not Allotted.”

Via NSE:

1. Visit NSE IPO Bid Check.
2. Choose the IPO.
3. Enter DP ID/Client ID/PAN.
4. View status and allotted quantity.

Via Registrars:

1. Find the registrar’s website (e.g., KFintech).
2. Enter PAN, application number, or demat account.
3. Download allotment PDF if successful.

⚠️ 2025 Change: SEBI now mandates status updates within 6 days. Delays? Check for tyres in your PAN/application number!

Understanding Your Allotment Status

• Allotted: Quantity confirmed. Shares will reach demat pre-listing.
• Not Allotted: Full refund processed to your bank.
• Partial Allotment: Received fewer shares than applied (common in oversubscribed IPOs).

Post-Allotment Next Steps

✅ Allotted?:

• Wait for shares in demat (check 1 day before listing).
• Plan listing-day strategy: Hold, sell partially, or exit fully.

❌ Not Allotted?:

• Refunds reflect in 7 days. Not received? Escalate via SEBI SCORES.
• Analyze why: Oversubscription? Document errors?

3 Tips to Improve Allotment Chances in 2025

1. Apply in Cut-Off Price: Increases priority in retail category.
2. Single Application per IPO: Multiple applications (same PAN) get rejected.
3. Avoid Last-Hour Rush: Apply 2 days early to prevent server errors.

💡 Pro Tip: Check subscription data on Chittorgarh before applying. Avoid IPOs with 100x+ retail demand.

Troubleshooting Common Issues

• “Data Not Found”: Wait 24 hours or recheck PAN/application number.
• Partial Refunds: Bank processing delays; wait 48 hours.
• Demat Not Updated: Contact your DP with allotment proof.

FAQ: 2025 IPO Allotment Queries

Q1. How long do refunds take?
→ Up to 7 banking days post-allotment.

Q2. Can I check status without PAN?
→ Yes! Use application number on BSE/registrar sites.

Q3. Why was I rejected despite valid docs?
→ Likely due to oversubscription. Retail quota fills via lottery.

Q4. Do NRI applicants get separate quota?
→ Yes, but only 5% of IPO shares.