An Initial Public Offering or IPO is a public offering of stocks made by a limited company. An upcoming IPO is advertised publicly to let potential investors know. Once the IPO offer opens, investors must first apply for an IPO by submitting applications for purchasing the shares. On the close of the IPO, the company and registrar, the authority responsible for overseeing the process, can review the applications and determine the best way to allocate the shares to various investors based on various considerations like application size, overall demand for the IPO and allocation methodology used.
The prospective investors must, at this stage, be desirous of finding out their allotment status. Taking the following steps can help one check the status of one’s IPO allotment easily:
● Identify the registrar
To check the allotment status of an IPO, one will have to identify the registrar in question. Since the information is public, you will have no problem identifying the registrar in question. You might even find the information on the internet.
● Visit the Registrar’s Website:
Next, you must visit the website of the registrar thus identified. Ensure that you are visiting the official website of the registrar.
● Find the IPO Allotment Section
On website. You must look for the part where you can check ‘IPO Allotment Status’. This may have been placed under heads like ‘IPO-related services’. You can use the search function of the website to make it easier to find what you are looking for. If you are facing problems, you can take help from online community forums or your DP.
● Enter Application Details
Once have found the relevant allotment section, all one has to do is fill in the desired information.
One may be asked for details like application numbers, PAN (Permanent Account Number), or other details one may have entered on the application form. Having a copy of your application form will be convenient at this stage. Once you have filled in the details, click ‘okay’, ‘submit’, ‘check status’ or any similar button to submit the information.
At this stage, one should be able to view the allotment status, including whether or not one’s application was accepted and to what extent. One may also learn about any refunds one may claim.
Other options
Following the steps mentioned above can work for most investors. In another case, the following are some other sources where one may learn about IPO-related information:
● Financial news websites and apps
● Online brokerage platforms
● The website of the stock exchange (the process may be similar to that mentioned above.
● One can also contact one’s broker for assistance.
The bottom line
In short, it should be easy for one to find one’s IPO status in almost all cases if one follows the steps mentioned above carefully. Beginners often have such questions and can find good answers for them if they take stock market courses for beginners, which can help them give a booster to the start of their stock market investor career in an informed way.