IPO allotment status

Allotment out this week

Allotment due

Dates are the issuer's declared dates. Under the T+3 timeline the basis of allotment is finalised the working day after the issue closes.

Allotted in the last two months

When allotment happens

Under SEBI's timeline since December 2023, the basis of allotment is finalised on the working day after the issue closes, called T+1, the status is searchable by that evening, refunds and share credits happen on T+2, and the shares list on T+3. An issue that closes on a Wednesday is therefore allotted on Thursday, and listed on the following Monday. The dates on each issue's page are the issuer's declared dates; the registrar occasionally publishes a day early.

The status usually goes live on the registrar's site between six and eleven in the evening of the allotment date, and on BSE and NSE a little later. Rupix checks the registrar directly, so the checker on each issue's page answers as soon as the registrar does.

How allotment is decided

Retail applications, up to two lakh rupees, are allotted by lottery once the category is oversubscribed, and every successful applicant receives exactly one lot however many lots they applied for. The odds are the inverse of the retail subscription by applications: at four times, roughly one application in four wins. Below one time, every valid application gets a full allotment. Non-institutional and institutional applications are allotted proportionately, so a larger application receives more shares but at the same ratio.

An application is rejected, and never enters the lottery, when the PAN is already used on another application, the UPI handle belongs to someone else, the name does not match the demat account, or the bid was below the cut-off price. Multiple applications from one PAN are the most common reason for an unexpected "not allotted".

Three ways to check

The registrar's own site holds every application and is the authority. The twelve registrars active in Indian IPOs each have a page where you select the issue and enter your PAN, application number or demat account; each issue's page on Rupix names its registrar and lists the exact steps for that registrar's form. BSE's "Status of issue application" and NSE's bid verification page show the same result for issues listed on each exchange, by application number and PAN.

The Rupix checker on each issue's page queries the registrar for the PANs you enter, with the registrar's own captcha where it needs one. PANs stay in your browser; nothing is stored on Rupix.

Common questions about IPO allotment