Understanding IPO Allotment Status

In conducting an IPO status check, the first step is to know the allotment status. In the case of applying for an IPO, the allotment status tells whether or not the applicant has been given some shares in that particular offering. It is the duty of the registrar of the IPO to take charge of allocating shares to investors. As a general rule, the status of the allotment is released on the Internet one week after the closing date of the Initial Public Offering (IPO). In order to know your IPO allotment status, you will need your Permanent Account Number (PAN) and the IPO application number. Many of the registrars have online facilities which tell you the status of your allotment by simply entering these details. All that is needed is to go to the registrar’s site, provide information as required, and submit it in order to get the status. This stage is very important because it will determine whether or not you will have a share in the newly listed company.