How to check IPO allotment status: BSE, NSE and registrar

Quick answer: After bidding closes, the basis of allotment is usually finalised the next working day (T+1). Check it on the registrar's website (named in the IPO documents — often KFin Technologies, MUFG Intime (formerly Link Intime) or Bigshare Services), or on the BSE and NSE allotment pages, using your PAN, application number or demat account number. If you didn't get shares, the blocked money is released automatically, usually by T+2. Shares list on T+3.

Key takeaways

• Status is usually available on the evening of T+1.
• In an oversubscribed IPO, retail allotment is a computerised lottery — one minimum lot per lucky applicant.
• Applying for more lots doesn't improve your odds in the retail category. More PANs (family members with their own demat) does.
• Money is only blocked (ASBA/UPI), not debited, until allotment.
• Retail investors can apply for up to ₹2 lakh per IPO.

IPO applications in India have exploded — many hot issues get oversubscribed 50–100 times in the retail category. So the big question after applying is simple: "Did I get it?" Here's every way to check, how to read the result, how allotment actually works, and what you can do to improve your chances next time.

#IPO timeline: what happens when

#Method 1: Check on the registrar's website

The registrar handles allotment for the company. Its name is in the RHP and on your broker's IPO page.

1. Open the registrar's IPO allotment page:
   • KFin Technologies: ipostatus.kfintech.com
   • MUFG Intime India (formerly Link Intime): in.mpms.mufg.com (IPO allotment status)
   • Bigshare Services: ipo.bigshareonline.com
2. Select the IPO name from the drop-down.
3. Choose to search by PAN, application number or DP/Client ID.
4. Enter the details and captcha, then submit.
5. You'll see the number of shares applied and shares allotted.

#Method 2: Check on BSE

1. Go to bseindia.com → Investors → Status of Issue Application.
2. Select Equity and the issue name.
3. Enter your application number or PAN.
4. Complete the captcha and click Search.

#Method 3: Check on NSE

1. Go to the NSE IPO bid verification page (nseindia.com → Invest → Check IPO allotment status).
2. Log in or sign up with your PAN and mobile number if asked.
3. Select the IPO and enter your PAN and application number.
4. Submit to see the status.

#Method 4: Your broker app, bank and SMS

• Broker apps (Zerodha, Groww, Upstox, Angel One and others) usually update the status on T+1 evening.
• Bank / UPI app: if the blocked amount is released, you didn't get shares. If it's debited, you did.
• Demat: shares appear on T+2 if allotted. CDSL and NSDL also send SMS and email.

#How to read the result

#How retail IPO allotment works

Retail Individual Investors (RIIs) apply for up to ₹2 lakh. For profitable companies, at least 35% of the issue is reserved for them (loss-making companies can set it lower).

If the retail portion is oversubscribed:

1. The registrar counts how many valid applications there are.
2. It works out how many applicants can get one minimum lot.
3. A computerised lottery picks winners. Each winner gets one lot.
4. If shares remain after giving everyone one lot, they're shared proportionately among those who applied for more.

Example: The retail portion has room for 1 lakh lots, and 25 lakh valid retail applications come in. Your chance is about 1 in 25 (4%) — whether you applied for 1 lot or 13 lots.

#How to improve your chances (legally)

• Apply for one lot at the cut-off price. More lots in the retail category don't increase your odds.
• Apply from family members' PANs — spouse, parents, adult children — each with their own demat account. Each valid PAN is one lottery ticket.
• Shareholder quota: some IPOs from listed parent companies reserve shares for existing shareholders. Holding even one share of the parent on the record date can give you a second category.
• Employee quota, if you work for the company.
• Apply early and accept the UPI mandate quickly. Late mandates are a common reason for rejection.
• Don't apply twice from the same PAN — all applications under that PAN get rejected.

Warning: Avoid "grey market premium" (GMP) tips on Telegram or WhatsApp that promise allotment or sell "guaranteed" shares. Allotment can't be bought, and these groups are common scams.

#If you didn't get allotment

• The blocked amount is released automatically — usually by T+2, sometimes T+3.
• If money is still blocked after T+3, contact your bank first (for ASBA), then the registrar with your application number.
• You can file a complaint on SEBI SCORES (scores.sebi.gov.in) if it isn't resolved.

#Tax on IPO gains

• Sell within 12 months of allotment: short-term capital gains at 20%.
• Sell after 12 months: long-term capital gains at 12.5% above ₹1.25 lakh per year.
• Report sales in your ITR — you'll likely need ITR-2. See how to file ITR online.

#Frequently asked questions

When can I check IPO allotment status?

Usually on the evening of T+1 — one working day after the issue closes.

Can I check IPO allotment by PAN?

Yes. The registrar, BSE and NSE all let you search by PAN.

Why was my IPO application not allotted?

In oversubscribed issues, retail allotment is by lottery. Many valid applicants get nothing.

When will my money be refunded?

Funds are unblocked automatically, usually by T+2.

Does applying for more lots increase my chances?

Not in the retail category. Each PAN gets at most one lot in the lottery when the issue is oversubscribed.

What does "bid rejected" mean?

Common reasons: PAN not matching your demat, UPI mandate not accepted before the cut-off, multiple bids from one PAN, or applying above ₹2 lakh in retail.

When do allotted shares show in my demat?

On T+2, before listing on T+3.

#Sources

• BSE — Status of issue application
• INDmoney — How to check IPO allotment status
• IPOMarket — Retail IPO investor protections and SEBI rules (2026)
• Alice Blue — IPO allotment in India 2026: rules and how to improve chances
• SEBI — SCORES complaint portal