How to check IPO allotment status on Zerodha

The IPO allotment status becomes available on T+1, the working day after the bid window closes, once the registrar to the issue finalises the basis of allotment and publishes the file feed to the exchanges and the brokers. As of mid-2026, under the SEBI T+3 listing regime introduced on 1 December 2023, the registrar publishes the basis of allotment by midnight on T+1, the depositories credit allotted shares on T+2, and trading commences on T+3 morning. This guide walks through the four channels through which you can check your allotment status, in roughly the order of speed and convenience.

Step-by-step procedure

Check on Zerodha Kite under Bids → Order history

The simplest channel. Sign in to Kite web or open the Kite mobile app. On Kite web, navigate to Bids → Order history; on the mobile app, tap Bids in the bottom navigation, then the Orders tab. The bid card displays the allotment status:

• Allotted (N shares) — you received an allotment of N shares.
• Not Allotted — you did not receive any shares; the bank lien is released.

Zerodha receives the registrar’s allotment file feed and updates the bid card status within roughly an hour of the registrar’s public posting on T+1. If the status still reads Mandate Accepted the morning after the issue close, refresh the page; if it persists past mid-day on T+1, check the registrar portal directly.

Check on the registrar’s portal

The authoritative source. The registrar to the issue is named in the Red Herring Prospectus and is also visible on the Zerodha bid card. The two major registrar portals:

• KFin Technologies (for issues handled by KFin / Karvy Fintech) — ipostatus.kfintech.com. Select the issue from the drop-down. Enter your PAN and either your application number or your demat ID (eight-digit CDSL client ID). Submit. The portal returns Allotted with N shares or Not Allotted.
• Link Intime (for issues handled by Link Intime) — linkintime.co.in/MIPO/Ipoallotment.html. Select the issue, enter the same identifiers, submit.

Smaller mainboard issues and most SME issues are handled by Bigshare Services, Cameo Corporate Services or Maashitla Securities. Their allotment portals follow similar URL patterns; the issue’s bid confirmation email from Zerodha typically includes the direct portal link.

Cross-check on the BSE portal

The BSE allotment-status portal mirrors the registrar feed within an hour of public posting. Useful as a sanity check if the registrar portal is overloaded (common on T+1 morning of a high-demand issue) or if you are uncertain whether the registrar feed has propagated.

URL: bseindia.com/investors/appli_check.aspx. Select the issue type (Equity), select the issue, enter the application number and PAN, click Search. The page returns the same allotment status as the registrar.

Cross-check on the NSE portal

The NSE allotment portal is at nseindia.com, under Equity → IPOs → Current Issues → Allotment Status. Enter PAN and application number. The NSE feed similarly mirrors the registrar within an hour of public posting.

For issues listed on only one exchange, only that exchange’s portal will return results. Most mainboard issues are dual-listed on both BSE and NSE; SME issues list on either NSE Emerge or BSE SME but not both.

Verify the bank statement on T+1 / T+2

Your bank’s mobile app or NetBanking will reflect the allotment outcome on T+1 evening or T+2 morning:

• No allotment — A single lien released or IPO mandate cancellation entry restores the full block amount to your available balance.
• Allotment (lot or part) — A debit entry for the value of allotted shares (allotment quantity × issue price) appears, with the remainder of the lien released as a separate entry. The exact format varies by bank; some banks show net entries (a single debit for the allotted-share consideration), while others show gross entries (block, partial debit, partial release).

The bank-statement view is useful for confirming that the registrar’s allotment matches what the bank has actually debited, particularly in cases where the Kite card’s Allotted status is slow to update.

Confirm demat credit on T+2

Allotted shares are credited to your demat account on T+2, the working day before listing. On Kite, click Holdings in the top navigation; on the mobile app, tap Holdings in the bottom navigation; on Console, navigate to Portfolio → Holdings. The allotted shares appear with a non-tradable indicator (sometimes displayed as a lock icon) until T+3, when the shares become tradable from 9:00 AM IST in the pre-open call auction and 10:00 AM IST in the regular continuous session.

The depositories (CDSL for Zerodha clients, NSDL where applicable) also send an SMS and email confirming the credit. If you do not see the credit by mid-day on T+2 despite the registrar showing Allotted, raise a ticket with Zerodha support and quote the bid reference number.

What can go wrong

• Status shows Not Allotted on Kite but Allotted on the registrar portal. A propagation lag at Zerodha. The registrar is authoritative; the Kite status will update within a few hours. If still mismatched after a day, raise a Zerodha ticket.
• Status shows Allotted on Kite but no demat credit by T+2 evening. Contact Zerodha support immediately with the bid reference number. The depositories occasionally drop credit instructions; recovery is possible but requires the broker to follow up with the depository.
• Registrar portal returns “No record found”. Either you entered the wrong PAN or application number, or your bid was rejected at the third-party-verification stage. Re-check the application number in your bid confirmation email; if the email itself shows a rejected status, the bid never reached the allotment pool.
• Bank shows lien still in place after Not Allotted on registrar. A propagation lag at the bank. The release should reflect within one working day. If still blocked after T+1 evening, contact your bank with the IPO bid reference number.
• Withdrawn issue, lien not released. If the issue was withdrawn after closure (rare but possible), the lien release is independent of the basis of allotment. The release should reflect within one working day; if not, contact your bank.

Related guides

• How to apply for an IPO on Kite web
• How to apply for an IPO on Kite mobile app
• How to modify or withdraw an IPO bid on Zerodha
• How to approve a UPI IPO mandate
• How to sell IPO shares on listing day (related — listing-day operations)

References

1. SEBI Circular SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated 9 August 2023 — T+3 listing timeline.
2. How to check the IPO bid and allotment status, Zerodha Support Portal.
3. Basis of allotment, KFin Technologies and Link Intime allotment portals, dated to T+1 of each issue.