When is IPO Allotment Done?
After an IPO subscription window closes, the registrar processes all bids and assigns shares via a lottery (for retail investors) within 6 business days as mandated by SEBI. The exact allotment date is published in the IPO prospectus and available on BSE/NSE websites.
How to Check Allotment on BSE Website
The BSE website is one of the easiest ways to check allotment status without needing to register anywhere.
- Go to bseindia.com → Investors → IPO → Basis of Allotment
- Select the IPO name from the dropdown
- Enter your application number or PAN or DP/Client ID
- Click Submit — you will see if shares are allotted or not
Check via Registrar Portals
Each IPO has a designated registrar who manages allotment. The two most common registrars in India are:
- KFintech (formerly Karvy) — visit kfintech.com/ipostatus
- Link Intime India — visit linkintime.co.in
- Bigshare Services — visit bigshareonline.com
- Cameo Corporate Services — visit cameoindia.com
On these portals, you can search by PAN number, application number, or your Demat account number. Results are typically available from the allotment date by 6 PM IST.
Checking via UPI App
If you applied through a UPI-linked brokerage (like Zerodha, Groww, or Upstox), you can also see allotment status directly in the brokerage app under the IPO section. The app will reflect shares credited to your Demat account on the allotment date.
What Happens After Allotment?
If you receive allotment, shares are credited to your Demat account 1 business day before listing. Your blocked ASBA amount is debited from your bank on the same day. If you do not receive allotment, the blocked funds are unblocked and returned to your savings account within 1-2 business days.
Using IPOpulse Allotment Tracker
IPOpulse provides direct links to all registrar portals for every active IPO. Visit /ipo/allotment and select the IPO to be redirected to the correct registrar with pre-filled IPO details.