How long after an IPO closes is the allotment finalised?

Usually one working day after bidding closes. Under SEBI's T+3 timeline, the basis of allotment is finalised on T+1, unallotted money is released and shares are credited on T+2, and the shares list on T+3, where T is the last day of bidding. Weekends and market holidays are not counted, so check the dates on the IPO's own Allotment tab.

Can I check my IPO allotment status without the application number?

Usually yes. Most registrar pages let you search with your PAN, your application number, or your demat account details (DP ID and client ID). Use whichever you have.

Which site should I check first, the registrar or BSE and NSE?

The registrar. It runs the allotment and publishes the result itself. The exchanges receive the data from the registrar, so their pages can be a little later. Your broker or UPI app also shows the status of the bid you placed through it.

I was not allotted shares. Have I lost any money?

No. For a UPI or ASBA bid the amount is only blocked in your account, not paid out. If you are not allotted, the block is released around the refund date. If it has not been released a day or two after that date, contact your broker or bank.

Does a high subscription or GMP mean I will be allotted shares?

No. The more times your category is subscribed, the lower the chance of allotment. GMP is an unofficial indicator and has no part in the allotment. In an oversubscribed retail category, winners are picked by a computerised draw of lots, so even a correctly placed bid can miss out.

How to check IPO allotment status

Last updated: 29 October 2026

After the bidding for an IPO closes, the shares are not given to everyone who applied. If more shares were bid for than are on offer, some applicants get shares and some do not. This page explains when the result comes out, what you need to look it up, where to check it, and what each outcome means for your money. It is general information, not investment advice.

When does allotment happen?

For IPOs in India the whole process after the close is meant to finish in three working days. The table counts from T, the last day of bidding. Weekends and exchange holidays are not counted, so a close on a Thursday or Friday can push the later steps past the weekend.

IPO timeline after the bidding closes: T is the last day of bidding
Day	What happens
T	The last day of bidding. Retail bids can be placed until 5:00 PM.
T+1	The registrar finalises the basis of allotment, and the exchange approves it. This is the “allotment date” shown for an IPO.
T+2	Money for bids that were not allotted is released, and allotted shares are credited to demat accounts.
T+3	The shares list and start trading on the exchange.

Each IPO has its own dates, taken from its offer document. They are on the Allotment tab of the IPO's page, together with the registrar and, when it is known, the link to the registrar's status page.

What you need

Have any one of these ready. Which ones a registrar's page accepts differs, and most take all three.

Your PAN, the same one you used for the bid.
Your application number, shown in your broker or UPI app after you placed the bid.
Your demat account details: the DP ID and the client ID (for CDSL, a single 16-digit number).

Step by step: check on the registrar's website

Find the registrar of your IPO. It is named in the offer document and on the IPO's Allotment tab here.
Open the registrar's IPO allotment-status page and choose the IPO from the list of issues.
Pick how you want to search (PAN, application number or demat account) and enter the details exactly as they were in your bid.
Read the result: it shows how many shares you were allotted, or that you were not allotted any.

Registrars you may come across include MUFG Intime India (formerly Link Intime), KFin Technologies, Bigshare Services, Skyline Financial Services and Cameo Corporate Services. Always reach the status page from the registrar's own website or from the link on the IPO's Allotment tab, and never enter your details on a page that reached you through an unsolicited message.

Other places to check

Your broker or UPI app. The IPO or orders section usually shows the status of the bid you placed, and many apps send a notification.
BSE and NSE. Both exchanges offer a page to look up an application. They receive the result from the registrar, so it can appear there a little later.
Your demat account. If you were allotted shares, they appear in your holdings on T+2, before the listing day.

What the result means for your money

Allotted: the cost of the shares you received is debited from the amount blocked for your bid. Any difference is released, and the shares are credited to your demat account.
Not allotted: nothing is debited. The amount blocked for your bid is released to you, normally on the refund date, which is T+2.
Allotted fewer shares than you bid for: only the shares you received are paid for, and the rest of the blocked amount is released.

Why you may not get shares

The issue was oversubscribed. If your category was subscribed many times over, there are not enough shares for every bid. In the retail category the winners are normally chosen by a computerised draw of lots, and each winner usually receives one lot. The subscription status page shows how many times each category has been subscribed, and the glossary explains the basis of allotment.

The bid was rejected. These are the most common reasons:

The UPI mandate request was not approved before the deadline, or the bank could not block the money.
The name on the PAN does not match the demat account, or the PAN is invalid or inactive.
More than one bid was placed on the same PAN in the same category, which is treated as a duplicate.
The bid was below the lower end of the price band or was not a whole number of lots.

A rejected bid is not a lost bid in the money sense: nothing is debited for it. Your broker or the registrar can tell you the reason.