Purchasing shares is one of the most attractive investment options in India. Besides, bidding at an IPO is even more beneficial, as you can get the shares at a much lower price.
However, once you bid for the shares at an IPO, you must check the IPO allotment status to find out if you have been allotted any shares in the company.
If you are wondering how to check the IPO Bid and its allotment status, I have the perfect guide for you. Here, you will find everything you need to know about IPO bidding.
From how to check the status to how to modify your IPO Bid, I have covered all the topics meticulously. So, what’s the wait for?
Keep reading to know everything about the IPO Bid to start your bidding journey!
How To Check IPO Allotment Status?
The registrar conducts the IPO allotment process and the details are available online once you complete the allotment.
It is essential to know the IPO bid and allotment status, as it contains crucial information and details about the number of shares that you get in the IPO bid.
If you are a first-time bidder and want to know how to check the bid allotment status, here are a few ways to do it.
Through Your Demat Account
If you have applied for the IPO through any of the trading platforms, you can find out the IPO allotment status through their dedicated platforms.
Under the IPO section, you can enter the required details and find out if any shares have been allotted to you.
Through The Registrar’s Website
Every company that comes up with its IPO (initial public offering) appoints a registrar to manage the allotment process.
Some renowned registrars in India include MUFG Intime and KFin Technologies. Below are the steps to find out the IPO allotment status through the registrar’s website.
- Step 1: Find out the registrar’s name on the DRHP (Draft Red Herring Prospectus) document. You can also find the name on the trading platform you used to place the IPO bid.
- Step 3: Click on “Check trades/bid, then select “Verify IPO Bids.”
- Step 4: Proceed to the next page, enter the details as required and submit. You will be able to see the IPO allotment status on your screen..
If you have shares allotted in your name, it will show the number of shares allotted and the fund details, whether adjusted or deducted. In case no allotment has been made to you, it will state that no shares have been allotted.
On The National Stock Exchange (NSE) Website
- Step 1: Open the NSE official website on your computer
- Step 2: From the menu options at the top, select “Invest”. Then click on “Resources and Tools”.
- Step 3: Click on “Check trades/bid, then select “Verify IPO Bids.”
- Step 4: On the next page, enter the details as required and submit. You will be able to see the IPO allotment status on your screen.
On The Bombay Stock Exchange (BSE) Website
- Step 1: Visit the BSE official website and scroll to the option that says “Investors.”
- Step 2: Click on “Status of Issue Application”, then proceed to select “Application Status Check’. Click on “Equity.”
- Step 3: Enter the required details, such as the IPO name, application number, PAN number, etc., and click on Submit.
How Much Time Does It Take To Get IPO Allotment?
Usually, IPO allotment is not a time-consuming process. So, you might not have to wait for a long time to check the status of your IPO Bid allotment.
For the entire process to take place and for the publishing of the status online, it usually takes one week. So, you can check your status one week after submitting the Bid.
Moreover, for finalizing the IPO Bid, it usually takes 2-3 days after you have submitted the allotment bidding.
After that, the listing of the stocks on the IPO happens within 4-5 working days. So, as a whole, the process takes around a week to be finalized.
How To Modify Your IPO Bid After Allotment Status?
Unlike other biddings, you can actually modify your IPO bid within the span of the subscription period. However, there are a few regulations that condition its modification.
- If you are a retail investor, you can easily increase or decrease your IPO Bid.
- However, if you are NII, you can only increase your bidding and not decrease it.
- Also, if you are one of the Shareholders with a value of 2 lakhs, you have the right to both increase and decrease your bid size.
Furthermore, you can modify your IPO bid both online and offline. So, choose whatever method suits your needs.
If you are modifying online, you need to do it when the bidding is ongoing. You cannot modify after the bidding completes.
However, if you are modifying offline, you will need to submit proper documents with the IPO revision form. Also, keep the previous bidding details with you.
Some banks might want to see them before approving your modification. So, it is safe to carry the documents.
Furthermore, you might have to provide your personal details like your name, identity number, banking details, and bidding information. With these details, you need to submit the form.
Once you submit the form, you need to wait for the approval of the new modified bidding. Whether it gets approved or rejected, you will receive an email.
Ways To Check Your IPO Bid
There are multiple ways to find out your IPO allotment status, such as the registrar’s website, NSE website, BSE website and your broker’s platforms.
By entering a few essential details, you will be able to see how many shares have been allotted to you. Once you get the allotment, you will receive the credits to your demat account. And if you do not get any allotted shares, the amount will be refunded to the source and you can prepare to bid in the upcoming IPO.
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