Investing in IPOs (Initial Public Offerings) is an excellent way to participate in a company’s growth journey right from the start. However, the real excitement begins after the IPO allotment date, when investors eagerly check if they’ve been allotted shares.
If you’ve applied for an IPO through your Groww Demat account, there are multiple ways to track your IPO allotment status. This guide covers detailed steps and answers common FAQs to make the process hassle-free.
Step-by-Step Guide to Check IPO Allotment Status on Groww
IPO allotment refers to the process where shares are distributed among investors who have applied for the IPO. The allotment is based on the subscription level, and the registrar manages this process.
Once the allotment is finalized, you can check your status through the IPO registrar’s website or the Groww app. Let’s look at the detailed steps involved.
1. Visit the IPO Registrar’s Website
The IPO registrar is responsible for managing and finalizing the allotment process. Common registrars include:
- KFin Technologies: KFintech Website
- Link Intime India: Link Intime Website
2. Select the IPO Company
On the registrar’s homepage, look for the section dedicated to IPO allotment status. From the dropdown menu, choose the company whose IPO you’ve applied for.
3. Enter Required Details
To retrieve your IPO allotment status, you’ll need to provide one of the following:
- PAN card number: Select the PAN option and enter your PAN number.
- Application number: Enter the unique application number assigned during the IPO application.
- Demat account details: Provide your Demat account number.
4. Submit and Check Status
Click on the Submit button. On the next screen, you’ll see your allotment status:
- Allotted: This means shares have been allocated to you.
- Not Allotted: This indicates you didn’t receive shares due to oversubscription or other factors.
5. Email Notification from Groww
If shares are allotted, Groww will send you an email confirmation with all the details.
6. SMS Notification for Money Debit
Once shares are allotted, the corresponding amount will be debited from your bank account. You’ll receive an SMS notification for the debit transaction.
7. Check Allotment Status in Groww App
- Open the Groww app and log in to your account.
- Navigate to the IPO section under the “Investments” tab.
- Select the IPO you applied for, and your allotment status will be displayed on the next screen.
8. Shares Credited to Demat Account
On the IPO listing day, the allotted shares will be credited to your Demat account. You can verify this by checking your holdings in the Groww app.
9. Sell Shares After Market Opens
You can sell the allotted shares on the listing day after the stock market opens at 10:00 AM. Use the Groww app or another trading platform to place your sell order.
FAQs
1. When can I check my IPO allotment status?
You can check your IPO allotment status on the allotment date, which is usually 5-7 days after the IPO closes.
2. How will I know if shares are allotted to me?
You’ll receive a confirmation email from Groww and an SMS notification for the money debit. Additionally, you can check your allotment status on the IPO registrar’s website or the Groww app.
3. What happens if shares are not allotted?
If no shares are allotted, the blocked amount in your bank account will be released or unblocked within 2-3 business days.
4. Can I sell IPO shares immediately after allotment?
No, you can only sell IPO shares after they are credited to your Demat account, which happens on the IPO listing day. You can sell the shares once the stock market opens at 10:00 AM.
5. What are the common reasons for not getting an IPO allotment?
- Oversubscription: If the IPO is oversubscribed, not all applicants may receive shares.
- Invalid Application: Errors in your application may lead to rejection.
6. Can I check IPO allotment status without a PAN number?
Yes, you can use other details like your application number or Demat account details to check your IPO allotment status.