IPO allotment status tells you whether you received shares in the IPO or if you need to wait for a refund. This page provides quick access to live IPO allotment links, dates, and updates to help you stay informed. You can also track live current IPOs open for subscription, and check their IPO subscription status to understand demand before allotment.
Latest IPO Allotment Status – Check Allotment, Refund & Listing Updates
| IPO Name | Allotment date | Listing date | Status | Link |
|---|---|---|---|---|
| KRM Ayurveda NSE SME | 27 Jan | 29 Jan | Pending | Check Allotment Status |
| Digilogic Systems BSE SME | 23 Jan | 28 Jan | Out | Check Allotment Status |
| Shadowfax Technologies IPO | 23 Jan | 28 Jan | out | Check Allotment Status |
IPO Allotment Status: What It Means & How It Works
It simply shows whether you received shares from the IPO you applied for. It tells you the number of shares allotted, your application number, and refund details. Once the IPO closes, the company appointed – registrar verifies all valid applications. And with that, they finalizes the allotment list in accordance with SEBI regulations. Before the IPO is listed on the stock exchange, it is the last stage of confirmation of issue.
With this, Investors often track subscription trends on IPO Subscription Status and GMP movements on IPO GMP page to predict allotment chances.
How IPO Allotment Is Decided: Rules, Process & Investor Criteria
The whole process of IPO allotment is governed by SEBI regulations. And the main purpose of regulation is – ensure transparency and fairness for all investors. As the IPO subscription period closes, the registrar compiles all valid applications and determines the final basis of allotment.
If the IPO get oversubscribed, i.e., demand exceeds the number of shares available. In that case allotment is made through a structured system:
- Retail Investor Allotment Process (Lottery System Explained) : They get allotment via a computerized lottery process which ensures every valid applicant has an equal chance of receiving at least one lot.
- NII & QIB Allotment Process (Proportionate Allocation Method) : They receive allotment on a proportionate basis depending on the number of shares they applied for.
If the issue is undersubscribed, then all eligible investors receive full allotment.
The allotment process is influenced by subscription levels. You can check live subscription updates on our IPO Subscription Status page to see how retail, NII, and QIB applications affect final allotment.
IPO Allotment Timeline & Key Dates Explained
Understanding the IPO allotment timeline is a must for investors. It helps investors understand what happens after applying and when they can expect results. Below is a typical sequence (tentative timeline):
| Event | Description | Expected Timeline |
|---|---|---|
| IPO open date | The date when Investor can start apply for shares | Day 1 |
| Close date | Final day to submit application through UPI/ASBA/broker platform | Day 3/4 |
| Allotment Finalization | Registrar verifies bids & finalizes share distribution among investors | Within 4-5 working day after close |
| Refund Initiation | Funds unblocked & refunded to investor who not receive allotment | 1 working day after allotment |
| Share credit to Demat | Allotted shares are credited to investors Demat accounts | 1-2 working days after allotment |
| IPO listing date | Company shares are listed on NSE/BSE, trading begins publicly | Usually 6-7 days after issue close |
Keep in mind that the above timeline may vary slightly depending on holidays, registrar processing times and exchange approvals.
Why IPO Allotment Fails for Some Investors (Top Reasons Explained)
This is the most common question among retail investors: why did not you get any shares even after applying? Below are some main reasons why some investor may miss out on allotment:
- Invalid or Rejected Applications – Applications often get rejected, if there is any issue with UPI payment, incorrect PAN details, or other basic details .
- Multiple Applications Submitted Under the Same PAN– Since SEBI allows only one valid application per PAN in the retail category. If you submit multiple bids with the same PAN, it result in rejection of all your applications.
- Technical or Banking Delays – Sometimes delays in UPI confirmation or ASBA fund blocking cause applications to be marked as invalid even if you submitted them correctly.
- Heavy Oversubscription in the Retail Category – when lakhs of investors apply for ipo, but number of lot is limited. It is natural not everyone will receive shares. That’s why , SEBI rules focus on fair distribution. They try to ensure as many investors as possible get atleast one lot through random selection, depends on lot availablity.
- Pure Luck in Highly Subscribed IPOs – In extremely popular IPOs, even a perfect application may not get allotted simply due to the high volume of bids.
IPO Refund Process – Step-by-Step Guide for Non-Allotment Cases
What happens in case of non-allotment? Since some investors will receive an IPO allotment and the rest don’t get one, in case of non-allotment, the amount you applied for is automatically refunded or unblocked – depending on how you applied. Here’s how it works step by step:
IPO Allotment Finalization – Once IPO allotment is completed by the registrar, the system identifies which applications did not receive shares, so those investors are eligible for a refund.
IPO Refund / Fund Unblocking :
- If you applied via ASBA, your bank simply unblocks the funds that were reserved for the IPO.
- If you applied using UPI, the mandate request is automatically revoked and the blocked amount becomes available again in your bank account.
IPO Refund Timeline – An important question is: when is the refund usually processed? It usually processes within one working day after allotment is Important thing is ,the exact refund timing may vary slightly, because of bank/UPI app/broker platform .
Check IPO Refund Status : For this, you have to check your bank account/UPI app balance to ensure the blocked amount is released. Also, many brokers update the refund status on their IPO dashboard.
In case you do not receive a refund within 2-3 working days, contact your registrar or broker support team for assistance.
Review company details on IPO Review & Details pages to understand allotment and refund process better.
Important note – You don’t need to manually raise a refund request. It is an automatic process.
👉 For live IPO updates and pre-listing insights, visit our Current IPO and IPO GMP pages.
IPO Allotment FAQs – Timeline, Refunds, Demat Credit & Allotment Rules Explained
Sunny Kumar
A dedicated team of financial analysts with extensive experience in IPO research, subscription analysis, allotment tracking, and interpretation of publicly available disclosures from SEBI, NSE, and BSE. Read more about our Research Team here.
Disclaimer: Allotment information is indicative and sourced from publicly available data. It
does not guarantee share allocation. Confirm with official filings before making decisions.
Read our full Disclaimer.