IPO allotment status
This facility allows investors to verify the IPO allotment status of their application submitted to Trading Member or SCSB (Self Certified Schedule Banks) provided that Trading Member/ SCSB have uploaded the application on BSE’s book building software – iBBS. The Investors is required to put combination of his application no. and pan no. and to select Issue name to check the status of his application.
The IPO allotment mechanism depends on the investor category and IPO subscription levels. If an IPO is undersubscribed in each investor category, all investors with valid applications will receive full allotment. An IPO must receive at least 90% aggregate subscription to be successful. If an IPO is oversubscribed for one category and under-subscribed for another category, the oversubscription can be adjusted with the under-subscribed portion of the other category except QIBs. In case of oversubscription, the issuer will allot shares based on a lottery system or proportionately based on the investor category. Let’s take a look at the IPO allotment criteria for each investor category. When a company launches its new IPO, the general public applies for it and after this the company allots shares to the applicants in the allotment process. This process is conducted by some major registrars, such as:
Whenever an IPO receives more applications than its target number, the shares are allotted by the companies through a lottery system.
IPO status on NSE
IPO status on BSE
IPO status on Registrar and Transfer Agents (RTA)
The Allotment status can also be checked on the Registrar and Transfer Agents (RTA) websites. Some of the RTA’s are:
Linkintime: https://linkintime.co.in/initial_offer/
Bigshare: https://www.bigshareonline.com/ipo_Allotment.html
Kfintech: https://ris.kfintech.com/ipostatus/
Note: If the IPO status is not visible in one exchange, clients must check the status on the other exchange.
Checkout below posts
How to Check IPO Allotment Status, What is GMP and Why is New IPO Allotment Necessary
