How and when can client check the allotment status of IPO / How do I know if IPO shares are allotted?
The whole process of allocation takes around 10 working days. In case shares are not allotted/ partially allotted, the amount paid would be refunded. For the shares to start trading on the Stock Exchanges, it normally takes 2 weeks from the date of closure of the IPO issue.
On allotment, client will get a message/email from the company for credit of shares in client's Demat account.
Client can check the IPO application status on the website of the IPO registrar/Lead Manager:
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When can client trade the allotted shares in IPO ?
On listing day, client can sell the allotted shares.
How Can I Sell IPO-Allotted Shares on the Listing Day?
To sell IPO-allotted shares on the listing day, log in to your trading account, go to your holdings, select the allotted shares, and place a sell order once the stock starts trading on the exchange.
How to check application status ?
BSE IPO status feature allows investors to check the application status submitted to SCSB (self-certified scheduled banks) or trading members. It requires the applicant to visit the official BSE website and enter the registered name, PAN Number and ...
IPO Application Process
The IPO application process is simplified and can be done online. IIFL Capital offers an online facility to apply to IPOs through its proprietary trading software, Trader Terminal, which minimizes paperwork. The general process involves: - Collecting ...
Why client unable see UPI handle listed in the dropdown while applying for an IPO?
Only selected UPI handles approved by NPCI, can be used for IPO bidding. Client can check if UPI handle is supported or not from here. Link: https://www.npci.org.in/what-we-do/ipo/live-partners