You applied, and the IPO got closed. Now you are refreshing a screen, waiting to find out if you got shares.
This guide gives you the exact steps and explains how to check allotment status across every channel. How to check allotment status using PAN, application number, or DP ID: BSE, NSE, KFintech, Link Intime, and your broker portal. It also covers what happens to your money if you did not get an allotment, when shares hit your demat account if you did, and why the status sometimes does not show on the first check.
IPO allotment is the process by which shares are distributed to investors who applied during the subscription window. When you apply for an IPO, your funds are blocked via UPI mandate or ASBA. After the subscription closes, the registrar (KFintech, Link Intime, or Bigshare Services, depending on the issuer) tallies all applications and determines who receives shares.
If the IPO is undersubscribed, all valid applicants receive shares. If oversubscribed, a lottery system determines who gets allotment in the retail category. Institutional and HNI categories follow different proportional allotment rules.
The registrar is the entity that runs the allotment process. BSE and NSE carry the data on their portals once the registrar uploads it. Your broker may also send confirmation. But the primary source of allotment truth is always the registrar.
Three main channels. Use whichever loads fastest on your connection.
Registrar websites (KFintech, Link Intime, Bigshare): the primary source; data arrives here first
Exchange portals (BSE, NSE): slightly delayed versus registrar but official and reliable
Broker portals: convenient but dependent on the registrar’s data feed
All three methods require one of: your PAN number, your application number, or your DP ID and client ID combination. Keep these ready before you start.
Steps to check allotment status on BSE:
Go to the BSE IPO allotment page: https://www.bseindia.com/investors/appli_check.aspx
Select “Equity” from the issue type dropdown
Select the IPO name from the list
Enter your application number or PAN number in the field provided
Click “Search”
The result shows your application status, number of shares applied, and number of shares allotted (if any)
BSE updates the allotment data after the registrar finalises and uploads it. If the status shows “No Record Found” on allotment day morning, wait two to three hours and try again. Data upload to BSE is not always simultaneous with registrar publication.
Steps to check allotment status on NSE:
Visit the NSE IPO allotment page: https://www.nseindia.com/invest-in-India/allotment-status
Select “Public Issues” from the category menu
Choose the specific IPO from the dropdown
Enter your PAN number or application number
Click “Submit”
The result displays your application and allotment details
NSE’s portal is often less crowded than BSE on allotment day, which means faster load times during peak traffic. If BSE is slow, try NSE. The allotment data is the same; the source registrar feeds both.
PAN number is the simplest credential to use for NSE IPO allotment status with PAN number verification. You do not need your application number or DP ID. This is especially useful if you applied through a bank ASBA and did not receive a specific application number confirmation.
Step-by-step for NSE IPO allotment status with PAN number:
Open https://www.nseindia.com/invest-in-India/allotment-status in your browser
Select the IPO name from the dropdown list
In the identifier field, choose “PAN.”
Enter your 10-character PAN number (e.g., ABCDE1234F): uppercase, no spaces
Click “Submit”
If your PAN matches an application in the registrar database, your allotment result appears immediately
If the result shows your application was valid but zero shares allotted, you were in the lottery and were not selected. Your UPI block will be released within T+1 to T+2 business days.
If you have your application number (found in the confirmation SMS or email from your broker or bank), this is the most direct way to check allotment status.
Using Application Number:
Go to BSE, NSE, or the registrar website
Select the relevant IPO
Choose “Application Number” as the identifier type
Enter the number exactly as it appears in your confirmation
Submit and view results
Using DP ID and Client ID:
This method works specifically on registrar portals, not on BSE or NSE directly.
Go to the registrar website (KFintech or Link Intime: see below for exact URLs)
Select the IPO
Choose “DP ID / Client ID” as the search method
Enter your DP ID (16-character format: IN followed by 14 digits for NSDL; 8+8 format for CDSL)
Enter your Client ID
Submit to view the allotment result
The DP ID method is useful if you know your demat credentials but do not have an application number handy.
Registrar websites are the first place allotment data appears: before BSE, before NSE, before your broker. If it is allotment day and nothing is showing on the exchange portals, go to the registrar directly.
KFintech (formerly Karvy): URL: https://ipostatus.kfintech.com
Select the IPO name from the dropdown
Choose your search type: PAN, Application Number, or DP/Client ID
Enter the relevant detail
Enter the Captcha
Click “Submit”
Link Intime: URL: https://linkintime.co.in/initial_offer/public-issues.html
Select the IPO from the list
Choose PAN, Application Number, or DP/Client ID
Enter the details and the captcha
Click “Submit”
How to find which registrar is handling your IPO?
Check the IPO prospectus or the IPO detail page on your broker’s platform. DRHP (Draft Red Herring Prospectus) filings on SEBI’s website also list the registrar’s name. Most recent large IPOs use KFintech or Link Intime.
The most common question after allotment day: when does the money come back, and when do shares arrive? The T-day timeline is standardised by SEBI.
| Day | Event |
| T | IPO subscription closes (last day of bidding) |
| T+1 | Applications processed; allotment basis finalised by registrar |
| T+2 | Allotment status published on the registrar, BSE, and NSE portals |
| T+3 | Shares credited to the demat accounts of allotted investors |
| T+3 | UPI mandate revoked for non-allotted investors; funds unblocked |
| T+4 | ASBA refunds processed for non-allotted bank ASBA applicants |
| T+6 | IPO listing on NSE and BSE |
Note: SEBI’s T+3 listing framework applies to IPOs filed after September 2023. Older IPOs may follow a T+6 listing timeline.
The critical point for non-allotted investors: the UPI mandate revocation on T+3 releases the blocked funds back to your bank account. The funds were never debited: only blocked. When the mandate is revoked, the block lifts, and your full amount is available. No bank transfer is required because no debit occurred.
When more applications come in than shares available in the retail category, the lottery system activates. This is not random in the colloquial sense. It is a computerised, SEBI-regulated randomisation process conducted by the registrar.
How it works:
All valid retail applications are compiled
The minimum lot size determines how many lots are available for retail investors
Each valid application receives one lottery ticket (regardless of the number of lots applied for)
The computerised system randomly selects winning applications up to the number of available lots
Selected applications receive one lot each; all others receive zero
This is why applying for more lots than the minimum does not improve your chances in the retail category. In the retail lottery, every valid application, whether for 1 lot or 13 lots, has an equal probability of selection. The only advantage of applying for more lots is receiving more shares if selected; the probability of selection is identical.
To genuinely increase allotment chances in the retail category, apply through one demat account with accurate details. Submitting multiple applications under the same PAN is not permitted and will result in all applications being rejected.
Four specific causes, with specific solutions.
1. Allotment is not yet finalised
Registrars publish allotment on T+2. If you are checking on T+1 or early T+2 morning, the data simply is not there yet. Solution: wait until 10 AM on T+2 before concluding there is a problem.
2. Wrong credentials entered
PAN is case-insensitive but must be exactly 10 characters. Application numbers must match exactly as shown in your confirmation: some have leading zeros. DP IDs must be in the correct format for your depository (NSDL vs CDSL format differs). Solution: copy-paste from your original confirmation rather than typing manually.
3. Registrar data not yet pushed to BSE/NSE
The registrar uploads the allotment file to the exchanges after finalising it internally. The delay is typically 1-3 hours. Solution: check the registrar website directly instead of BSE or NSE first: it appears there before the exchanges receive it.
4. Application was rejected
Causes: PAN mismatch, UPI mandate not approved in time, ASBA bank did not process the block, duplicate application under the same PAN. A rejected application shows no allotment record in the registrar database. Solution: Check your bank’s ASBA section or UPI app to confirm whether the mandate was approved.
If the status genuinely does not show after T+2 late afternoon and your credentials are confirmed correct, contact the registrar’s investor helpdesk with your application confirmation as evidence.
| Problem | Likely Cause | Action |
| “No record found” on T+2 morning | Data not yet uploaded | Wait until after 10 AM; check registrar first |
| PAN search shows different name | PAN entered incorrectly | Copy-paste; verify the exact 10-character PAN |
| Application number not recognised | Leading zeros dropped | Include all digits exactly as in your confirmation |
| Status shows zero shares | Lottery not selected | Normal; UPI block releases T+3 |
| Status shows “rejected” | Mandate failure or duplicate PAN | Contact your bank or broker immediately |
| Shares not in demat on T+3 | Processing delay | Check again by end of business; contact DP if still absent |
Not getting allotted is the most common outcome in heavily oversubscribed IPOs. Here is what happens next and what to do.
Immediately after non-allotment:
Do nothing: your funds were never debited. The UPI mandate block releases automatically on T+3.
Confirm the block has lifted by T+3, end of day. If it has not, contact your bank’s UPI support.
For ASBA applicants: the unblock processes through your bank on T+4 if the registrar triggers it correctly.
For future applications:
Continue applying to IPOs that match your investment thesis. Allotment is probabilistic in oversubscribed IPOs: one miss does not indicate a process error.
If you want to own shares of a listed company post-IPO, buy from the secondary market on listing day or after. You pay market price, but the certainty of ownership is 100% versus the lottery.
Track the IPO calendar on NSE and BSE for upcoming issues. Grey market premium (GMP) data is widely available informally; it signals expected listing gains but is not an official or regulated indicator.
This is the question most investors actually have: where is my money and when does it return?
For UPI ASBA applicants:
When you applied, your UPI app showed a mandate approval request. You approved it. This blocked the application amount in your bank account: it was not debited. The money remained yours, earning interest if in a savings account, but unavailable for spending.
On T+3 (for non-allotted investors), the registrar triggers mandate revocation. Your UPI app may show a notification. The blocked amount is immediately available for use. No bank visit, no form, no request needed.
On T+3 (for allotted investors), the registrar triggers the debit of the application amount for the allotted lots. Your bank account is debited by (lot size × issue price × number of lots allotted). The balance beyond what was debited is unblocked simultaneously.
For ASBA applicants (bank application):
Banks process unblocks within 1-2 business days of registrar instruction. Typically, T+4 for full fund availability. Contact your bank branch if funds remain blocked after T+5.
If you received allotment, four things to do.
Confirm the allotment: Check allotment status on the registrar portal or BSE/NSE to see the exact number of shares allotted.
Monitor your demat account on T+3: Shares should appear in your demat account by T+3 end of the day. If they do not appear by the evening before listing day, contact your DP (depository participant) with your allotment confirmation.
Decide before listing: Will you sell on listing day or hold? This decision should be based on your investment thesis for the company, not on grey market premium data. Listing gains are not guaranteed even when GMP is high.
Track the listing date: IPO listing is on T+6. The stock begins trading on NSE and BSE at 10 AM. The pre-open market session runs from 9 AM. First price discovery typically happens during pre-open.If shares do not arrive by the end of business on the day before listing, contact your DP immediately with the allotment confirmation number from the registrar. Shares that arrive during the listing trading session can still be sold same-day.
How to check allotment status in summary: use the registrar website first (KFintech or Link Intime), the exchange portals second (BSE or NSE), and your broker’s app third. All channels produce the same result: the registrar is just faster.
To check allotment status using PAN: go to the registrar portal, select the IPO, choose PAN as the identifier, enter your 10-character PAN, and submit. The result is immediate if data is uploaded.
If funds are not returned by T+5, contact your bank. If shares are not in demat by listing eve, contact your DP. Both situations have specific resolution paths: neither requires panic.
At Jainam Broking, IPO allotment status updates, real-time market data, and expert support are available through the platform so investors can track every step from application to listing without switching between multiple portals.
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Listing day is T+6. Allotment status is published on T+2. If you are checking allotment status on listing day for the first time, the data has been available for four days. If it is still not showing: your application may have been rejected (check with your bank or broker for rejection reason), or you are entering incorrect PAN or application details. “No allotment” and “no record” are different outcomes: no allotment means you were in the lottery and not selected; no record means your application was not processed successfully.
Yes. PAN is accepted as a standalone identifier on BSE, NSE, and both major registrar portals (KFintech and Link Intime). You do not need the application number or DP ID. Enter your 10-character PAN, select the IPO, and submit. The NSE IPO allotment status with PAN number lookup is the quickest method for most retail investors who did not separately note their application number.
UPI mandate revocation: T+3. The blocked amount becomes immediately available. ASBA bank unblock: T+4, occasionally T+5 for slower banks. If funds are still blocked after T+5, contact the bank’s ASBA grievance desk with your application number. SEBI mandates that unblocking must be completed by T+6. Non-compliance by banks is reportable to SEBI.
Different demat accounts with different PAN numbers: each application is treated independently. One PAN, one valid application, one lottery ticket in the retail category. Different family members with different PANs applying separately is legal and does increase household allotment probability. Applying through the same PAN via multiple demat accounts: all applications are rejected. Not one. All.
Four places to look: the SMS confirmation your broker sent when the application was submitted; the email confirmation from your broker or bank; your broker’s app under “IPO applications” or “order history”; your bank’s ASBA section under active mandates during the subscription window. If none of these show it, your PAN alone is sufficient to check allotment status on all major portals.
If the UPI mandate approval fails, the application is not submitted. The IPO registrar receives no application from you. The funds are never blocked. There is nothing to allot, nothing to refund. Check your UPI app for a failed or expired mandate request. If the IPO subscription is still open and you received the mandate request in time, you can apply again via a different method (ASBA through a bank, or a revised UPI application if the mandate timer allows). If the subscription has closed, no action is possible: you missed this IPO.
T+3 end of business day. If the registrar finalises allotment on T+2 and triggers the credit instruction, your DP processes the credit by T+3. You should see the shares in your demat account by evening on T+3: one day before the T+6 listing. If they are not showing by the morning of listing day (T+6), contact your DP immediately with your allotment confirmation number.
No. Registrar websites receive data first, then feed it to BSE and NSE. On allotment morning, the sequence is: registrar finalises, registrar portal shows status, BSE and NSE receive the file and update their systems (typically 1-3 hours later). If you want the earliest possible check, go to KFintech or Link Intime directly, not to BSE or NSE. The exchange portals are more stable and handle higher traffic, but they are not faster on allotment day.
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