How to Check IPO Allotment Status — Complete Step-by-Step Guide

Applied for an IPO and anxiously waiting to find out if you got allotment? You're not alone — millions of Indian investors go through this every week. IPO allotment results are typically announced 6 days after the subscription closes, and checking your status takes less than 2 minutes once you know where to look.

When is IPO Allotment Announced?

The IPO timeline in India follows a fixed schedule set by SEBI:

• Day 1–3: IPO subscription open (bidding period)
• Day 4: Subscription closes
• Day 6 (T+6): Allotment finalised and announced
• Day 6: Refunds initiated for unsuccessful applicants
• Day 7 (T+7): Shares credited to demat accounts
• Day 7: IPO lists on NSE/BSE

So if an IPO closes on a Monday, allotment is typically announced the following Sunday, and trading begins Monday.

Method 1: Check on BSE (Bombay Stock Exchange)

BSE provides a free allotment check tool for all mainboard and SME IPOs:

1. Go to bseindia.com
2. Click on "Investors" → "IPO"
3. Select "Application Status"
4. Select the IPO name from the dropdown
5. Enter your PAN number or Application Number or Demat Account Number
6. Click Search

You will see one of these statuses:

• Allotted — You got shares. Number of shares allotted will be shown.
• Not Allotted — Your application was not selected in the lottery.
• Application Not Found — Usually means the IPO result is not yet declared, or your application was rejected.

Method 2: Check on the Registrar's Website

Every IPO has a registrar — a company that handles allotment. Common registrars in India:

• KFin Technologies (Karvy) — kfintech.com
• Link Intime India — linkintime.co.in
• Bigshare Services — bigshareonline.com
• Skyline Financial Services — skylinerta.com
• Maashitla Securities — maashitla.com

The registrar for each IPO is mentioned in the IPO prospectus (RHP). On TopFund's IPO page, we show the registrar name for each active IPO.

Steps on the registrar website:

1. Go to the registrar's website
2. Find "IPO Allotment Status" or "Public Issue Status"
3. Select the IPO from the dropdown
4. Enter PAN, Application Number, or DP/Client ID
5. Submit

Method 3: Check on TopFund (Fastest)

TopFund provides a free IPO allotment checker using just your PAN number — no login required:

1. Go to topfund.in/ipos/allotment
2. Select the IPO name
3. Enter your PAN number
4. Click Check Status

TopFund pulls data directly from the official registrar and shows your allotment status instantly.

Why Was My Application Rejected?

Sometimes applications show as "not found" or are rejected before allotment. Common reasons:

• PAN mismatch — The PAN on your demat account doesn't match your bank account PAN
• Multiple applications — Applying from the same PAN through multiple accounts (ASBA or UPI) is not allowed and leads to rejection of all applications from that PAN
• UPI mandate not accepted — If you applied via UPI and didn't accept the mandate within the stipulated time, the application is rejected
• Bank account not linked — For ASBA, your bank account must be linked with the correct demat account
• Incorrect DP ID / Client ID — Entry errors in demat account details
• Bid below cut-off price — In book-built IPOs, bidding below the final cut-off price leads to rejection

What Happens to Your Money After Non-Allotment?

If you applied via UPI block: Your blocked funds are released back to your bank account within 1 business day of allotment announcement.

If you applied via ASBA (bank): The blocked amount is unblocked and reflects in your available balance within 1–2 business days.

You don't need to do anything — the reversal is automatic.

Pro Tips for IPO Applications

• Always apply through UPI for faster processing and easy mandate acceptance
• Accept the UPI mandate immediately — don't wait till the last day
• Apply under the retail category (up to ₹2 lakh) for the best lottery odds
• Never apply from more than one account per PAN — it leads to rejection of all applications
• For high-demand IPOs (50x+ subscription), odds are very low — consider applying from family members' accounts (each PAN is separate)
• Submit before 4 PM on the closing day to avoid last-minute technical issues

Conclusion

Checking IPO allotment status is simple once you know where to look. Use BSE, the registrar's website, or TopFund's free allotment checker with just your PAN number. Track all open IPOs, subscription data, and GMP in real time at topfund.in/ipos.