As long as the application has been uploaded to BSE's book building software, IBBS, investors can use this feature to check the IPO allotment status of their application that was submitted to Trading Member or SCSB (Self Certified Schedule Banks). To check the status of his application, the investor must enter his application number and pan number and choose the issue name.
The investor type and IPO subscription levels determine the IPO allocation mechanism. All investors with legitimate applications will receive their full allocation if an IPO GMP is under subscribed in each investor category. For an initial public offering (IPO) to be successful, the total subscription rate must be at least 90%.
With the exception of QIBs, the under subscribed part of the other category may be used to offset the over subscription if an IPO is under subscribed for one category and oversubscribed for another. If there is an over subscription, the issuer will distribute shares either proportionately depending on the investor group or using a lottery mechanism.
Let's examine each investor category's IPO allocation criteria. The general public applies for shares when a firm publishes its new initial public offering (IPO), and the company then distributes the shares to the applicants through an allocation process. Major registrars that carry out this process include:
In the event that an IPO receives more applications than anticipated, the companies use a lottery technique to distribute the shares.
IPO status on NSE-Click Here
IPO status on BSE-Click here
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
The Indian IPO GMP market is seeing another public issue with the launch of the Hexagon Nutrition IPO. This company works in the nutrition and wellness industry which is growing fast. Hexagon Nutrition has become one of the companies in India that pr... Read more
The Indian SME IPO GMP market continues to the witness strong participation from retail and HNI investors. One of the upcoming SME public issues attracting market attention is the GenXAI Analytics NSE SME IPO . The company, GenXAI Analytics, is into... Read more
The IPO market for SMEs still remains an interesting investment opportunity, and one such upcoming IPO that is set to go live on the BSE SME platform is the UHM Vacation IPO. It is involved in the travel and tourism business and plans to raise money... Read more
India remains one of the biggest consumers of speciality chemicals in its textile industry. There are a number of companies that operate in textile processing solutions. Vahh Chemicals Limited, a textile auxiliary chemicals manufacturer based in Sura... Read more
The CMR Green Technologies initial public offering looks very promising due to its high revenues, leadership in the production of recycled aluminium alloys, and increasing demands coming from the automotive industry. About CMR Green Technologies... Read more