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

> Check IPO allotment on the registrar's site (KFin, MUFG Intime, Bigshare) or BSE and NSE with your PAN on T+1. How the lottery works, refunds, and tips for better odds.

- URL: https://2search.in/knowledge/articles/oct-26/how-to-check-ipo-allotment-status
- Genre: Personal finance
- Country: India
- Published: 2026-10-27
- Updated: 2026-10-27
- Publisher: 2search (https://2search.in)

> **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.



![How to check IPO allotment status: BSE, NSE and registrar Breakdown & Visual Guide](/images/articles/how-to-check-ipo-allotment-status/diagram.svg)

## IPO timeline: what happens when

| Day | What happens |
| --- | --- |
| **T** | Bidding closes (usually 5 pm; UPI mandate must be accepted by the cut-off) |
| **T+1** | Basis of allotment finalised; status goes live on registrar and exchange sites |
| **T+2** | Shares credited to demat for successful applicants; funds unblocked for others |
| **T+3** | Shares list on BSE and NSE; trading begins at 10 am |

## 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

| Status | Meaning | What happens to money |
| --- | --- | --- |
| **Allotted — X shares** | You got shares | Amount for allotted shares is debited; the rest is unblocked |
| **Not allotted / 0 shares** | You applied correctly but lost the lottery | Full amount unblocked by T+2 |
| **Rejected / bid not valid** | Technical problem — PAN mismatch, UPI mandate not accepted, duplicate bid | Full amount unblocked |
| **No record found** | Wrong PAN or IPO selected, or status not out yet | Check again later or confirm details |

## 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](/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](https://www.bseindia.com/investors/appli_check)
- [INDmoney — How to check IPO allotment status](https://www.indmoney.com/learn/ipo/ipo-allotment-status)
- [IPOMarket — Retail IPO investor protections and SEBI rules (2026)](https://www.ipomarket.in/news/retail-ipo-investor-protections-sebi-rules-2026-changes)
- [Alice Blue — IPO allotment in India 2026: rules and how to improve chances](https://aliceblueonline.com/blog/ipo-allotment-in-india-2026-rules-process-how-to-increase-your-chances)
- [SEBI — SCORES complaint portal](https://scores.sebi.gov.in/)