An IPO is another investment opportunity that may be exciting and yield a profit simultaneously. Nevertheless, when applying for shares in an IPO, one needs to keep track of his or her IPO allotment status. This article will walk you through effectively following up on your IPO allotment status and keep you updated on your investment.
Understanding the IPO Allotment
However, before we proceed to discuss how to track your IPO allotment, let us understand what IPO allotment entails. A company gives out shares that it sells to the public when it goes public. In this case, the company uses allotment to distribute the shares. Shares are assigned to investors on an IPO basis. This allocation process could even oversubscribe, i.e., result in more share applications as compared to the real shares in existence. This may affect the number of shares you obtain.
How to check the allotment status of your IPO
Visit the registrar’s website:
Ensure you check through the website of the registrar of the IPO to confirm your IPO allotment status. The registrar takes care of the application process and allocation during the IPO. You will have a site provided by the registrar that will enable you to monitor the status of your application.
Locate the IPO Allotment Status Section:
Having done that, go to the registrar’s website and look up the IPO allotment status. The section may be referred to differently by the registrar, but it is normally easy to locate.
Enter your details:
Here, you will fill in the details of your application. It normally entails your PAN (Permanent Account Number) and the application number issued to you when applying for an IPO.
Check Allotment Status:
Click on a button that says “check allotment status” or something similar once you fill in your information. After this, the website will show you the status of your IPO allotment, telling you whether you have been granted shares or not.
Receive Communication:
If you have received shares, you will be contacted by the registrar or your broker to indicate the allotment. This communication shall indicate the number of shares that have been allocated to you as well as the amount of money that you are supposed to remit.
Await Listing:
When the shares have been distributed, you must wait for them to be listed in the stock market after the IPO. At that point, you may commence trading in your shares or keep them over the long term.
Conclusion
Finally, keeping an eye on the IPO allotment status is one of the most significant steps in the IPO investment procedure. To achieve this, use the internet and visit the registrar website, where you will select the IPO allotment status section. However, remember that the IPO allotment process may be oversubscribed, which will impact the number of shares to be provided to you. However, using these steps will help keep you informed about your investment in order for you to make wise decisions. You can easily follow your IPO allotment status through 5paisa, which is a renowned platform with an easy-to-use website and excellent assistance for IPO investments.
