How to check IPO allotment status on the registrar's site

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The registrar to the issue is the legal entity appointed by the issuer company to manage the IPO application processing, the computerised basis of allotment draw, and the post-allotment depository credits and refunds. The registrar’s portal is the authoritative source for allotment status; the exchange portals (BSE, NSE) and the broker’s app (Zerodha Kite) mirror the registrar’s feed. Checking the registrar’s portal directly avoids propagation delays and gives you the allotment result as soon as it is published.

This guide covers the five major registrars in the Indian IPO market: KFin Technologies, Link Intime, Bigshare Services, Cameo Corporate Services, and Maashitla Securities.

For the broker-side allotment check see the Zerodha allotment guide. For the exchange-side check see the BSE/NSE allotment guide.

When does the allotment status become available

Under the SEBI T+3 listing regime (effective 1 December 2023), the registrar publishes the basis of allotment by midnight on T+1 (the working day after the bid window closes). The allotment portal of each registrar is updated by that time. In practice, many registrars publish the basis of allotment and the individual allotment status by mid-afternoon or evening on T+1.

If the allotment status is not yet available on the portal, the portal typically returns a message such as Allotment not finalised yet or Records not found for this issue. Check again after an hour.

Step-by-step procedure

Identify the registrar from the RHP or bid confirmation

The registrar’s name is stated in the Red Herring Prospectus in the General Information section and in the issue’s Schedule of Events table. The registrar’s name and website are also included in the bid confirmation email from Zerodha.

Common assignments by issue type:

  • KFin Technologies (formerly Karvy Fintech): a large portion of mainboard IPOs, particularly those managed by Kotak, JM Financial, and Axis Capital.
  • Link Intime: a large share of mainboard IPOs managed by ICICI Securities, HDFC Bank, and DAM Capital.
  • Bigshare Services: predominantly SME issues on BSE SME; also some mainboard issues.
  • Cameo Corporate Services: mainly SME issues and certain mid-size mainboard issues in South India.
  • Maashitla Securities: primarily SME issues on NSE Emerge and BSE SME.

Locate your application number

Your application number is in:

  • The bid confirmation email from Zerodha, sent to your registered email address within minutes of mandate acceptance.
  • Bids → Order history on Zerodha Kite, on the bid card for the issue.

The application number is typically a seven- to ten-digit numeric identifier. It is distinct from your Zerodha client ID, your PAN, and your demat client ID.

Go to the registrar’s allotment portal

Navigate to the allotment portal for the relevant registrar:

For smaller registrars (Purva Sharegistry, Skyline Financial Services, etc.), the bid confirmation email from Zerodha includes the direct allotment portal link.

Select the issue and enter your identifiers

On the portal:

  1. Select the issue from the dropdown list. For KFin and Link Intime, the dropdown lists all recent issues managed by the registrar; select the correct company name and financial year.
  2. Enter your PAN (ten-character alphanumeric).
  3. Enter either your application number (preferred, as it is the most precise identifier) or your demat client ID (the 8-digit number for CDSL accounts, or the 8-digit client ID for NSDL accounts).
  4. Complete the CAPTCHA if displayed.
  5. Click Submit or Check status.

Read the allotment result

The portal returns one of the following responses:

  • Allotted: N shares (or N lots), you have been allotted N shares. Note the allotment number or take a screenshot for your records.
  • Not Allotted, you did not receive any shares. The bank lien will be (or has been) released.
  • Allotment not finalised, the basis of allotment has not yet been published. Check again after an hour.
  • No record found, possible causes: incorrect PAN, incorrect application number, or the bid was rejected at the third-party-verification or deduplication stage and never entered the allotment pool.

Cross-verify with bank statement and demat

After confirming the allotment status on the registrar portal:

  • No allotment, check your bank’s mobile app or NetBanking for a lien released or IPO mandate cancellation entry, which should appear on T+1 or T+2 morning.
  • Allotment, check your bank statement for a debit entry equal to (allotted shares times issue price). Check your demat holdings on Kite (Holdings) on T+2; the allotted shares should appear (non-tradable until T+3).

If there is a mismatch between the registrar’s status and the bank or demat status, the registrar is authoritative. Contact Zerodha support with the registrar allotment reference and the bid confirmation email.

KFin Technologies portal in detail

KFin Technologies (formerly Karvy Computershare and then Karvy Fintech) is one of the two dominant IPO registrars in India. The allotment portal at ipostatus.kfintech.com supports:

  • Issue selection by company name from a dropdown.
  • Identifier entry: PAN alone, PAN + application number, or PAN + demat DP/Client ID.
  • Retrieval of the allotment status and, for allotted applicants, the allotment quantity and allotment number.

The portal is typically accessible from the morning of T+1 and returns results immediately once the basis of allotment is published.

Link Intime (now a wholly owned subsidiary of BSE Ltd) manages the registrar function for a large share of mainboard IPOs. Its portal at linkintime.co.in/MIPO/Ipoallotment.html works similarly to KFin’s:

  • Select the issue.
  • Enter PAN + application number or PAN + DPID + Client ID.
  • Retrieve the allotment status.

Link Intime also provides an SMS-based allotment check: SMS ALLOT <Application Number> to the number published in the bid confirmation email, and you receive an SMS reply with the allotment status within a few minutes.

What can go wrong

  • No record found despite a confirmed bid. Check the application number in the Kite order history carefully. A common error is transposing digits. Also confirm the issue name in the dropdown matches the issue you applied for.
  • Registrar portal overloaded on T+1 morning. High-demand issues attract millions of retail applicants checking simultaneously. Try again after 30 minutes or use the BSE/NSE portal as an alternative.
  • Status shows Allotted but demat has no credit by T+2 evening. Contact Zerodha support immediately with the registrar allotment reference; the depository credit instruction may not have been transmitted correctly.
  • Status shows Not Allotted but bank still shows lien. The lien release takes one working day after the basis of allotment is published. If still blocked after T+2 evening, contact your bank.

References

  1. SEBI Circular SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated 9 August 2023, T+3 listing timeline.
  2. SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, Regulation 62 (Basis of Allotment).
  3. KFin Technologies allotment portal, https://ipostatus.kfintech.com/.
  4. Link Intime allotment portal, https://linkintime.co.in/MIPO/Ipoallotment.html.
  5. Bigshare Services allotment portal, https://www.bigshareonline.com/IPOAllotment.aspx.

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WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

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WebNotes is independent. No relationship with any broker, registrar or bank named in this article.