How to check IPO allotment status: registrar, BSE and NSE (2026)

Allotment status is the yes, the no, or the rejection on one application. Under the T+3 rule, the exchange approves the basis of allotment on T+1, shares are credited and unused money is released on T+2, and trading starts on T+3. T is the closing day of the issue. You read one application on the registrar’s site, and you can cross-check it on BSE and NSE.

This is the third note in the IPO series. The application guide is the form. The allotment guide is the quota and the draw. Dates for a live issue are on the IPO calendar. A grey market premium is an unofficial price. This page leaves it out.

When can you check IPO allotment status?

The status is ready once the designated stock exchange has approved the basis of allotment. That approval is due before 9 pm on T+1. Rejections are finished before 6 pm on T+1, which is the same working day. Until then, a broker screen that says “bid submitted” is only the bid. It is not the result.

SEBI’s circular of 9 August 2023 cut listing from six working days to three. It has been mandatory for issues opening on or after 1 December 2023. The annexure to that circular is the clock below. A market holiday is not a working day, so each later step moves out with it.

The allotment guide explains why a retail name is drawn, and why a bigger bid is not a second ticket. This page does not repeat that draw.

Who is the registrar, and how do you check there?

The registrar to the issue is the firm the company appoints to receive the bids, reject the bad forms, prepare the basis of allotment, and tell the depositories whom to credit. SEBI’s general information document sends queries about allotment, a missing allotment advice, credit of shares, and unblocking to that registrar. The name is in the red herring prospectus and on the exchange’s page for the issue. This page does not name a registrar, because the firm changes with the issue.

Quote the first applicant’s name, the application number, the DP ID, the client ID, the PAN, the number of shares, and the amount blocked. The status page usually asks for the PAN, the application number, or the demat DP ID and client ID. The result line is allotted, not allotted, or rejected. Demand while the book is still open is not this result.

How do you check on BSE and on NSE?

BSE’s status of issue application page is the exchange lookup. Allotment details appear after the registrar finishes the allocation. BSE’s note on that page says a mismatch in the bidding details is a question for the trading member, the self-certified syndicate bank, the registrar, or the depository participant. A question about the revoked amount goes to your bank. The registrar remains the desk for a complaint about the allotment itself.

NSE’s verify IPO bid and allotment page shows the application the member or the bank uploaded. NSE makes those bid details available from T day, the day the bid reaches the NSE platform, and refreshes them about every 200 minutes while bidding is on. The bid data stays up for 10 days after the issue closes. NSE also shows the allotment information the registrar has given the exchange. You register once with the PAN. The screen then lists bids against that PAN.

The two pages should agree with the registrar. If BSE or NSE shows the bid and the registrar shows nothing, wait until the basis is approved, then ask the registrar with the application number. If neither exchange shows a bid, the form may never have been uploaded. That is a broker or bank question.

What do the broker app and the UPI app show?

The broker app is a copy of the bid. “Submitted” means the bid reached the exchange book. It does not mean shares were allotted. SEBI’s FAQ says the exchange sends an SMS once the bid is registered, and the UPI app asks you to accept the mandate by 5 pm on T. A mandate you never accept expires. There is then no block, and nothing to allot.

After the close, the UPI app shows the mandate as blocked, revoked, or executed. Blocked means the money is still held. Revoked means the unused amount has come off. A debit means the bank took the money for shares that were allotted. A bank ASBA lien tells the same story. These screens help on the evening of T+2. They do not replace the registrar.

How do you confirm the shares and the unblocked money?

Shares in a public issue are credited only in demat. The registrar instructs NSDL or CDSL. The credit is completed before 6 pm on T+2. Confirm it in the broker or bank demat login, on the depository’s own screen, or on the consolidated account statement. The line should name the company and the quantity.

The fund-transfer file for allotted shares is completed before 2 pm on T+2. If you received nothing, the block comes off before 4 pm on T+2. A smaller allotment, or a price below the cap, releases the difference. The application guide shows that sum on a sample bid. Shares without a matching debit, or a debit without shares, go back to the registrar with the application number.

What does allotted, not allotted, or rejected mean?

Three words get mixed up. They are not the same outcome.

Allotted means the basis gave you shares. You should see them in the demat account, and a debit for those shares only. The number can be one lot even when the bid was larger. The allotment guide explains that retail draw.

Not allotted means the form was valid and the draw did not reach your name. No shares are credited. The full block should be released.

Rejected means the form failed a check and never entered the draw. The grounds the general information document and the T+3 circular actually state are these.

• The PAN on the application does not match the PAN linked to the bank account. The registrar also matches the PAN on the demat account with the PAN on the bank account. A mismatch is invalid for the basis of allotment.
• A second form, or two copies with the same application number, is a multiple bid and can be rejected. Bids with the same PAN can be treated as one person applying twice. Up to 3 prices on a single form are still one bid.
• A bid above ₹2,00,000 is not a retail bid. If the amount blocked crosses that line, the system treats the application as non-institutional. A cut-off bid by a non-institutional investor is a ground for rejection. So is a bid above the maximum the regulations allow for that category.
• The UPI mandate was not accepted by 5 pm on T. The request expires. There is then no block, and nothing to allot.
• The name on the form is not the name in the depository record. On a joint demat account, the form is made in the name of the first holder, and that name has to match the depository. A wrong DP ID or client ID, with no matching record for that PAN, is rejected on the same ground.

What if the money stays blocked or the shares do not arrive?

Start with the registrar. Quote the application number, the PAN, and the DP ID and client ID. Say whether the shares are missing after 6 pm on T+2, or the money is still blocked after 4 pm on T+2.

The bank is next when the complaint is the block. For a UPI bid, that is the self-certified syndicate bank. For a form you gave a broker, the broker uploaded it. SEBI’s FAQ gives the bank 15 days to reply when the details you filled were correct and the form was still rejected. The same FAQ sends process problems to the intermediary, blocking and unblocking to the bank, and non-allotment to the registrar.

If that reply does not fix the block, file it on SEBI SCORES. The March 2021 circular tells banks and lead managers to clear pending unblock complaints there. Keep the application number and the UPI mandate number.

The amount is in circular SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M of 16 March 2021, in force for issues opening on or after 1 May 2021. For a late unblock the self-certified syndicate bank pays ₹100 a day, or 15% a year of the application amount, whichever is higher. The August 2023 circular starts that count at T+3. If the complaint is still open after the day it is received, the post-issue lead manager pays the same daily rate for the further days, on top of what the bank pays. The measure is the application amount and the days of delay.

What happens once the shares are in the demat account?

You can sell them when trading starts, on T+3. The sale is an ordinary market trade. The contract note and the demat statement are the record of the sale price and the cost. The cost is the issue price you were debited, not a price discussed off the exchange.

Allotment itself is not a tax event. A sale on listing day is short-term, because the shares have been held for not more than 12 months. Section 196 (this was Section 111A) taxes that listed-equity gain at 20%. Past 12 months, Section 198 (this was Section 112A) taxes the gain above ₹1,25,000 in the year at 12.5%. The capital gains guide and the capital gains calculator cover the sale. Tax on IPO listing gains gets its own guide.