IPO allotment is an important part of the whole process and is handled by the registrar of the offer. Karvy and Link Intime are the biggest registrars for main board offers while Bigshare is for SME IPOs. Scroll down below the table to get a clear overview of the allotment process. Just click on the company name to know if the IPO allotment status is out or not.
Recent IPOs and allotment status
|IPO Company||Listing Date||IPO Price (INR)|
|Embassy Office Parks REIT||04/01/2019||300|
|Rail Vikas Nigam*||04/11/2019||18.5|
|Spandana Sphoorty Financial||08/19/2019||856|
|Xelpmoc Design and Tech*||02/04/2019||63|
After subscribing to an IPO, investors have to wait for nearly a week. During this time, all the applications are sorted, vetted and incomplete applications are removed from the pool. The subsequent allotment process is quite simply just a draw from this pool by the registrar of the offer. In an IPO, the registrar is the intermediary responsible for allotment and subsequent transfer of shares to investors’ demat accounts and process refunds for unsuccessful applications.
The IPO allotment date is revealed in red herring prospectus and the allotment details are made public on this date on the registrar’s website. Investors can check the number of shares allotted by entering PAN (Permanent Account Number) or the IPO allocation number. Investors can also check the IPO allotment status on the websites of stock exchanges (BSE and NSE) as well as through email and SMS.
Basis of IPO allotment
For mainboard IPOs, minimum lot size is kept in a way which translates into a bid of less than INR15,000. There is a popular misconception among investors that applications in multiples of this amount will improve their allotment chances. However, this is far from reality.
As we outlined in the ways to improve allotment chances, there is no benefit of making large applications in case of over-subscription. It is only in the event of retail category receiving fewer applications than earmarked that investors stand to get a bigger allotment of shares.