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