Allotment status is published in two places, and only two: the registrar to the issue, and the stock exchange where you applied. Your broker's app usually mirrors one of them, a day or so later. Anything else is a copy.
- TIssue closes
- T+1Basis of allotment finalised; status appears at the registrar
- T+2Shares credited to demat; unallotted money unblocked
- T+3Listing day
When it appears. Since SEBI moved public issues to the T+3 timetable in December 2023, the basis of allotment is finalised on the first working day after the issue closes, shares reach demat accounts and unallotted money is unblocked the day after, and the stock lists on the third working day. Measured against 538 listings from 2024 and 2025, that timetable landed on the exact day 72% of the time and one day late 17% of the time, usually because a market holiday fell inside the window.
Where to check. The registrar is named in the offer document and on every IPO page here. The ones handling most Indian issues are KFin Technologies, MUFG Intime India (formerly Link Intime India), Bigshare Services, Cameo Corporate Services and Skyline Financial Services. Each runs its own allotment page. You pick the issue, then enter your PAN, application number or DP and client ID. The BSE and NSE sites offer the same check for issues on their platforms.
What you need: your PAN is enough almost everywhere. It is also the key the registrar matched your application on, which is why one PAN gets one entry in the draw.
How to read the result:
- Allotted, with a share count: shares arrive in your demat account on T+2 and the money for them is debited from the blocked amount.
- Not allotted: your application was valid but did not win a lot. The blocked money is released, usually on T+2. Nothing is refunded because nothing was taken.
- Rejected or not found: usually a PAN mismatch, a duplicate application on the same PAN, a bid below the final price, or a UPI mandate that was never approved.
"Not allotted" in an oversubscribed issue is the expected outcome for most applicants, not a fault. When the retail portion is subscribed many times over, nobody can receive more than one lot and a computerised draw decides who gets one. In an issue where retail is subscribed 40 times, roughly 1 applicant in 40 receives a lot, however many lots they applied for. How the draw works is explained in our piece on how IPO allotment works.
Before the result is out, the status page often says the basis is not yet available. That is not a rejection. Check again after the registrar publishes, which on the T+3 timetable is the evening of T+1 or the morning of T+2.
For each IPO we track, the page shows the registrar, the expected and confirmed allotment date, and a direct link to that registrar's checker during the allotment window. Our allotment status hub lists every issue currently in its window.