Investing in an IPO (Initial Public Offering) can be thrilling, but the waiting period to find out if shares have been allotted is often nerve-wracking. If you’ve applied for an IPO through your Groww Demat account, here’s a step-by-step guide to checking your IPO allotment status and confirming whether shares have been allocated to you.
Step-by-Step Guide to Check IPO Allotment Status on Groww Demat Account
The IPO allotment status becomes available on the allotment date. On this date, you can use the following methods to verify whether IPO shares have been allotted to you.
1. Visit the IPO Registrar’s Website
Each IPO has a designated registrar that manages the allotment process. The two primary registrars in India are KFin Technologies and Link Intime India. Visit the IPO registrar’s website for your application.
2. Select Your IPO Company
On the registrar’s website, you’ll find a list of recently closed IPOs. Choose the IPO you applied for from the dropdown menu or list provided.
3. Enter Your Details
- Select the PAN option to proceed.
- Enter your PAN card number in the field provided and click Submit.
4. Check Allotment Status
On the next screen, you’ll see the IPO allotment status:
- If shares are allotted, the status will display Alloted and details of the allotted quantity.
- If no shares are allotted, the status will show as “Not Allotted.”
5. Notification from Groww
If IPO shares are allotted to you, Groww will notify you via email. Keep an eye on your registered email inbox for this confirmation.
6. Money Debit Notification
Another confirmation comes via SMS:
- If shares are allotted, the corresponding amount will be debited from your linked bank account, and you’ll receive a debit notification via SMS.
7. Check Allotment Status in the Groww App
You can also verify your IPO allotment status directly in the Groww app:
- Log in to your Groww account.
- Navigate to the IPO section of the app.
- Select the IPO you applied for from the list.
8. View Allotment Status in the App
On the next screen:
- If shares are allotted, you’ll see an “Allotted” status with the relevant details.
- If not, the status will show “Not Allotted.”
What Happens After Allotment?
1. Shares Credited to Your Demat Account
Once shares are allotted, they will be credited to your Demat account on the IPO listing day.
2. Selling Shares on the Listing Day
You can sell your shares after the stock market opens on the listing day. The market opens at 10:00 AM, and you’ll be able to place your sell orders at that time.
3. Unblocking of Funds (If No Allotment)
If no shares are allotted, the blocked amount will be unblocked in your bank account within a few days.
Final Thoughts
Checking your IPO allotment status is a simple process using the IPO registrar’s website or the Groww app. After allotment, your shares will be credited to your Demat account on the listing day, and you can decide whether to hold or sell your shares based on market conditions.
Stay updated with Groww notifications and emails to seamlessly track your IPO applications and take timely investment actions.