You applied for an IPO. The subscription window closed. Now the most nerve-wracking part begins — did you get the shares or not?
Whether you applied for Kusumgar Ltd, SBI Mutual Fund, or any other IPO, checking your allotment status takes less than 60 seconds once you know where to look. There are 5 official ways to check — and this guide covers all of them with direct links, screenshots, and step-by-step instructions.
Quick answer: Use your PAN number — it works on every platform listed below and is the fastest way to check.
When Is IPO Allotment Status Available?
Before you check, make sure allotment has actually been finalised. Here is the typical IPO timeline after subscription closes:
| Day | What Happens |
|---|---|
| Day 0 | IPO subscription closes |
| Day 1–2 | Registrar validates all applications, removes duplicates and invalid bids |
| Day 3–4 | Basis of Allotment (BOA) finalised — lottery conducted for oversubscribed retail category |
| Day 5–6 | Allotment status published — you can check now ✅ |
| Day 6 | Refunds initiated for unsuccessful applicants |
| Day 6–7 | Shares credited to Demat accounts of successful applicants |
| Day 7–8 | Listing on NSE & BSE |
For current IPOs:
- Kusumgar Ltd — Allotment: July 13, 2026
- SBI Mutual Fund — Allotment: July 17, 2026
Method 1: Check on BSE Website ⭐ Easiest
The BSE (Bombay Stock Exchange) website is the simplest and most reliable way to check — works for every mainboard IPO regardless of which registrar is handling it.
Steps:
- Go to: https://www.bseindia.com/investors/appli_check.aspx
- Select “Equity” from the Issue Type dropdown
- Select the IPO name from the dropdown (e.g., “Kusumgar Limited”)
- Enter your Application Number OR PAN Number
- Enter the CAPTCHA
- Click “Search”
Your result will show:
- ✅ Shares Allotted — number of shares credited to your Demat
- ❌ Not Allotted — your money will be refunded within 3–4 days
- ⚠️ Application Invalid — check your application details
Direct link: https://www.bseindia.com/investors/appli_check.aspx
Method 2: Check on NSE Website
NSE also provides an official allotment status checker for all IPOs listed on its platform.
Steps:
- Go to: https://eipo.nseindia.com/allotment/app/
- Select the IPO name from the dropdown
- Enter your PAN Number or Application Number
- Click “Submit”
- Your allotment details will appear on screen
Direct link: https://eipo.nseindia.com/allotment/app/
Method 3: Check on Registrar Website (Most Detailed)
Every IPO has an assigned registrar who manages the allotment process. The registrar’s website gives you the most detailed breakdown — including how many shares were applied for, how many were allotted, and refund amounts.
Here are all the major registrars with direct links:
KFin Technologies (KFintech)
Handles: SBI Mutual Fund IPO, many large mainboard IPOs
Steps:
- Go to: https://ris.kfintech.com/ipostatus/
- Select the IPO name
- Choose search type: PAN / Application Number / DP-Client ID
- Enter your details
- Enter CAPTCHA → Click Submit
Direct link: https://ris.kfintech.com/ipostatus/
Bigshare Services
Handles: Kusumgar Ltd IPO, many mainboard and SME IPOs
Steps:
- Go to: https://ipo.bigshareonline.com/IPO_Status.html
- Select the IPO from dropdown
- Enter your PAN Number or Application Number
- Click Submit
Direct link: https://ipo.bigshareonline.com/IPO_Status.html
MUFG Intime India (formerly Link Intime)
Handles: Many large mainboard IPOs
Steps:
- Go to: https://linkintime.co.in/initial_offer/public-issues.html
- Select the IPO name
- Enter PAN / Application No. / DP Client ID
- Click Submit
Direct link: https://linkintime.co.in/initial_offer/public-issues.html
Skyline Financial Services
Handles: Select mainboard and SME IPOs
Direct link: https://www.skylinerta.com/ipo.php
Alankit Assignments
Handles: Select SME IPOs
Direct link: https://www.alankit.com/ipo-status
Method 4: Check on Your Broker App ⚡ Fastest
If you applied through Zerodha, Groww, Upstox, Angel One, or any other broker — check directly in the app. No PAN entry needed — it’s linked automatically.
| Broker | Where to Check |
|---|---|
| Zerodha | Console → Portfolio → IPOs → Past IPOs |
| Groww | IPO section → Applied IPOs → Status |
| Upstox | IPO → Applied → Check Status |
| Angel One | IPO section → My IPOs |
| 5Paisa | IPO → Application History |
| Kotak Neo | IPO → My Applications |
| ICICI Direct | IPO → Application Status |
| HDFC Sky | IPO → My Applications |
This is the fastest method — your broker shows status the moment it is updated by the registrar.
Method 5: Check via Bank Net Banking (ASBA)
If you applied through your bank using ASBA (instead of UPI), you can check the status directly in your bank’s internet banking portal.
| Bank | Where to Check |
|---|---|
| SBI | Login → e-Services → ASBA Services → IPO History |
| HDFC Bank | Login → Investments → IPO → Application Status |
| ICICI Bank | Login → Investments → IPO Application Status |
| Axis Bank | Login → Investments → IPO Status |
| Kotak Bank | Login → Investments → IPO Application |
What Do the Allotment Results Mean?
Once you check, you will see one of these three results:
✅ Shares Allotted
Congratulations! The number of shares allotted will be shown. Your shares will be credited to your Demat account on the credit date (usually one day before listing). You will also receive an SMS and email from your depository (CDSL or NSDL).
What to do next:
- Decide whether to sell on listing day or hold long term
- Check your Demat account on the morning of the credit date to confirm shares appear
❌ Not Allotted
You did not receive shares this time. Your blocked amount will be automatically refunded to your linked bank account within 3–4 working days. You do not need to do anything — the refund is automatic via ASBA/UPI mandate release.
⚠️ Application Invalid / Rejected
Your application was rejected during the registrar’s validation process. Common reasons:
| Reason | Fix for Next Time |
|---|---|
| Duplicate PAN in same IPO | Apply from only one account per PAN |
| Wrong UPI ID entered | Double-check UPI ID before submitting |
| UPI mandate not approved | Always approve within 24 hours of applying |
| Demat account mismatch | Ensure Demat matches your PAN |
| Applied below cut-off price | Always select “Cut-off price” when bidding |
| Bank account not ASBA-enabled | Enable ASBA in your bank before applying |
How IPO Allotment Works — Explained Simply
Many investors wonder why they don’t get allotment even after applying correctly. Here is how the process actually works:
<cite index=”30-1″>After the IPO subscription closes, stock exchanges forward all application data to the IPO registrar, who then filters out duplicates, errors, and invalid Demat accounts. Only valid bids are retained for allotment consideration.</cite>
For oversubscribed retail category (most popular IPOs):
- All valid retail applications are grouped
- A computerised lottery is conducted randomly
- Each PAN gets a maximum of one lot regardless of how many lots applied for
- Example: If Kusumgar IPO retail is subscribed 30 times, your chance of allotment is approximately 1 in 30
For QIB and HNI (NII) categories:
- Allotment is on a proportionate basis, not lottery
- If you apply for 100 lots and the category is subscribed 10x, you get approximately 10 lots
Key insight: <cite index=”30-1″>The allotment process is computerised and fair — timing of your application does not affect your chances of allotment.</cite> Applying on Day 1 or Day 3 of subscription makes no difference to your allotment probability.
How to Increase Your Chances of Getting Allotment
Since retail allotment is a lottery, there is no guaranteed method — but these tips genuinely help:
1. Apply from multiple family members’ accounts Each PAN is treated as a separate application. If your spouse, parent, or adult child also has a Demat account, apply from each — this multiplies your chances proportionally.
2. Always apply for minimum 1 lot only In the retail lottery, applying for 1 lot or 13 lots gives you the same chance of allotment — because you either win 1 lot or nothing. Applying for more lots wastes capital that could be spread across multiple family members’ applications.
3. Always select Cut-off price Never bid at a specific price below the upper band. Always tick “Cut-off price” so your application remains valid regardless of where the final price is set.
4. Approve UPI mandate within 24 hours Many applications get cancelled because investors forget to approve the UPI mandate in their payment app. Approve it immediately after applying.
5. Ensure your Demat is active and linked An inactive or unlinked Demat account causes automatic rejection during registrar validation.
Quick Reference: Current IPO Allotment Links
| IPO | Allotment Date | Registrar | Check Here |
|---|---|---|---|
| Kusumgar Ltd | July 13, 2026 | Bigshare Services | https://ipo.bigshareonline.com/IPO_Status.html |
| SBI Mutual Fund | July 17, 2026 | KFin Technologies | https://ris.kfintech.com/ipostatus/ |
| NSE IPO | TBA | TBA | Will update |
| Reliance Jio | TBA | TBA | Will update |
We update this table for every new IPO. Bookmark this page.
Frequently Asked Questions (FAQ)
Q1. How do I check my IPO allotment status? You can check using 5 methods: BSE website, NSE website, the IPO registrar’s website (KFin, Bigshare, Link Intime), your broker app (Zerodha, Groww, Upstox), or your bank’s net banking portal. The fastest method is your broker app — it updates automatically.
Q2. What information do I need to check IPO allotment status? You need either your PAN number, IPO application number, or DP/Client ID. PAN number works on all platforms and is the easiest to use.
Q3. When is IPO allotment status available? Allotment status is usually available 5–6 days after the IPO subscription closes. For Kusumgar IPO, allotment is July 13. For SBI Mutual Fund, allotment is July 17.
Q4. I was not allotted shares — when will I get my refund? Your blocked amount will be automatically refunded within 3–4 working days after allotment. For UPI applications, the mandate is released automatically. For ASBA applications, the bank unblocks the amount. You do not need to do anything.
Q5. My application shows “Invalid” — what happened? Common reasons include: duplicate PAN, UPI mandate not approved, wrong Demat account, or bidding below cut-off price. Check the specific rejection reason on the registrar website and ensure these are corrected before your next IPO application.
Q6. Can I check allotment status without an application number? Yes — PAN number alone is sufficient on BSE, NSE, and most registrar websites. You do not need the application number, though it can be used as an alternative.
Q7. How many days after IPO closes are shares credited to Demat? Shares are credited to your Demat account typically 6–7 days after the IPO subscription closes — one day before listing. You will receive an SMS and email from CDSL or NSDL confirming the credit.
Q8. What if my shares are not credited even after allotment? Wait until the official credit date. If shares are still not credited after that, contact the IPO registrar with your PAN and application number. You can also raise a complaint on the SEBI SCORES platform at https://scores.sebi.gov.in if the issue is not resolved.
Bookmark This Page
We update this guide with direct allotment links for every new IPO as soon as dates are announced. Check back here for Kusumgar allotment (July 13) and SBI Mutual Fund allotment (July 17) links.
👉 Also read: Complete IPO Calendar July 2026 — All Dates, GMP & Apply Links