Introduction
Applying for an IPO is exciting, and the real moment of truth arrives when the allotment status goes live. However, many investors feel confused about where to check, which details to use, and when funds get unblocked. To simplify this process, this guide walks you through everything clearly and systematically. You will learn the exact timelines, the required details, and the four reliable ways to check IPO allotment in India.
IPO Allotment Timelines
The T+3 framework provides a clear structure to the post-issue process.
T = Issue closes
T+1 working day
- The basis of allotment is finalised, and the registrar usually updates the status.
T+2 working day
- Funds are unblocked for non-allottees, while credit to the demat is prepared for allottees.
T+3 working day
- Listing day as per SEBI’s mandate.
Why these timelines help
- They allow you to plan when to check status, track refunds, and prepare for listing.
What Details You Will Need
Any one of the following is enough:
- PAN
- Application Number
- DP ID and Client ID
Most registrars and exchanges support these details in multiple formats, making the process easier.
Four Reliable Ways to Check IPO Allotment
1. Registrar Website
This is usually the fastest method because the registrar publishes the allotment first.
How to check
- Visit the registrar’s IPO allotment or application status page.
- Select the IPO from the dropdown list.
- Choose PAN, Application Number, or DP ID–Client ID.
- Fill the captcha and view the status.
Tip
If the IPO is not listed on the registrar’s site, confirm whether a different registrar is handling the issue.
2. BSE Allotment Status Page
BSE allows investors to check allotment for several mainboard and SME issues.
How to check
- Visit the BSE IPO application status page.
- Enter your Application Number or PAN.
- View the allotment details.
3. Your Broker App
Most brokers display allotment updates inside the IPO or Orders section.
What you can see
- Allotted, Not Allotted, or Pending status
- UPI mandate status
- Application history
4. Bank via ASBA or UPI
Your bank app or net banking portal will show a lien for the blocked IPO amount.
What to check
- If Not Allotted, funds should get unblocked by T+2.
- If your bank follows mandate-expiry release, the amount will auto-unblock on expiry.
- If funds remain blocked beyond the expected time, raise a ticket with your bank.
How to Read the Allotment Status
Allotted
You have received shares, and they should reflect in your demat by T+2 or T+3.
Not Allotted / No Records Found
You have not received shares, or the data is not live yet. Check again after some time.
Pending / Under Process
The registrar is still uploading data, so try again later on T+1.
Troubleshooting Common Issues
Company not found
You may be checking the wrong registrar. Confirm which registrar is handling the issue.
No matching application
Recheck your PAN, Application Number, or DP–Client ID. Even a minor mistake can cause this error.
Funds still blocked after Not Allotted
Under T+3 norms, unblocking should happen by T+2. If not, wait until the mandate expiry or contact your bank.
Multiple applications confusion
Remember that allotment is PAN-based. Use the same PAN that was used during the application.
Pro Tips to Improve Allotment Odds
(These tips help but do not guarantee allotment.)
- Apply in the correct investor category: Retail, HNI, or Shareholder.
- Use different valid PANs across family members for multiple independent applications.
- Approve UPI mandates early to avoid delays or rejection.
Quick Checklist for T+1 to T+3
T+1
- Check the registrar’s page.
- Cross-verify on BSE if needed.
T+2
- If Not Allotted, confirm whether funds are unblocked.
- If not, wait for the mandate expiry or contact your bank.
T+3
- Listing day. Ensure allotted shares are visible in your demat.
FAQs
1. When does IPO allotment go live?
Under T+3 rules, the basis of allotment is finalised on T+1 and is usually published the same day.
2. When will my money be released if I am not allotted?
Refunds or unblocking typically occur within T+2 working days. Some banks release funds on mandate expiry.
3. Which source is most accurate, the registrar or BSE?
Both are reliable, but registrar websites usually reflect the data first.
4. Can I check allotment with only my PAN?
Yes. Most registrars and the BSE support PAN-based lookup.
5. Is T+3 listing compulsory?
Yes. SEBI has made T+3 listing mandatory for all IPOs.
Conclusion
Checking IPO allotment becomes straightforward once you know where to look and when to check. Start with the registrar on T+1, verify on BSE, and monitor your bank or UPI mandate for fund release. The T+3 framework has made the entire process faster, clearer, and far more predictable.
For deeper insights into IPOs, wealth strategies, and investment frameworks, explore more guides from Equentis Investech.
