Investing in Initial Public Offerings (IPOs) through Groww has become increasingly popular among Indian retail investors. After applying for an IPO, the most anticipated moment is checking whether you’ve been allotted shares. Here’s a comprehensive guide on how to check your Groww IPO allotment status.
Understanding IPO Allotment
IPO allotment is the process where shares are distributed to applicants after the IPO subscription period closes. The allotment is typically finalized 3-4 working days after the IPO closes, and the basis of allotment is decided by the registrar appointed by the company.
Methods to Check Groww IPO Allotment Status
Method 1: Check on Groww App/Website
The simplest way to check your IPO allotment status is directly through the Groww platform:
Steps:
- Open the Groww app or visit the Groww website
- Navigate to the ‘Stocks’ section
- Click on ‘IPO’ from the menu
- Select ‘My Applications’ or ‘Applied IPOs’
- Find the specific IPO you applied for
- The status will show whether shares are allotted, pending, or not allotted
Method 2: Check on Registrar’s Website
Each IPO has an official registrar (like Link Intime, KFin Technologies, or Integrated Registry Management Services) that handles the allotment process. This is the most authoritative source for checking allotment status.
Steps:
- Identify the registrar for your IPO (mentioned in the IPO prospectus or Groww app)
- Visit the registrar’s official website
- Look for the ‘IPO Allotment Status’ section
- Select the company name from the dropdown
- Choose your application type (PAN, Application Number, DP/Client ID)
- Enter the required details (usually PAN number)
- Enter the captcha code and click ‘Submit’
Common Registrars and Their Websites:
- Link Intime India: linkintime.co.in
- KFin Technologies: kfintech.com
- Bigshare Services: bigshareonline.com
Method 3: Check on NSE/BSE Website
You can also check IPO allotment status on stock exchange websites:
For NSE:
- Visit www.nseindia.com
- Go to ‘Market Data’ and select ‘SME IPO Allotment Status’ (for mainboard, check registrar website)
- Select the IPO name
- Enter your PAN or application number
- View your allotment status
For BSE:
- Visit www.bseindia.com
- Navigate to ‘IPO’ section
- Click on ‘Issue Status’
- Select the company name
- Enter your application details
Understanding Allotment Status Messages
- Allotted: Congratulations! You’ve received shares. The number of shares allotted will be displayed.
- Not Allotted: Your application was not successful in the lottery process.
- Pending: Allotment process is still underway.
- Partially Allotted: You received fewer shares than applied for (common in oversubscribed IPOs).
What Happens After Allotment?
Once shares are allotted to you:
- Credit to Demat Account: Shares are credited to your Groww Demat account within 1-2 working days after allotment
- Refund Processing: If not allotted or partially allotted, the refund amount is credited to your bank account within 3-4 working days
- Listing Date: The stock gets listed on exchanges, and you can start trading
Tips for Successful IPO Application via Groww
- Apply early during the subscription period to avoid last-minute technical issues
- Ensure sufficient funds are available in your UPI-linked bank account
- Keep your PAN and Demat account details updated
- For better allotment chances in oversubscribed IPOs, consider applying in different categories if eligible
- Check the cut-off timing (usually 5 PM on the last day of subscription)
Common Issues and Solutions
Issue 1: UPI mandate not approved
- Check your UPI app for pending mandate requests
- Ensure sufficient balance in your account
- Try using a different UPI ID
Issue 2: Cannot find allotment status
- Wait for the official allotment date (check IPO timeline)
- Verify you’re checking the correct registrar’s website
- Ensure you’re entering the correct PAN number
Issue 3: Refund not received
- Refunds typically take 3-4 working days
- Check the bank account linked with your Groww account
- Contact Groww customer support if delay exceeds 7 working days
Important Timeline to Remember
- T Day: Last day of IPO subscription
- T+1 to T+3: Allotment finalization by registrar
- T+3: Allotment status available for checking
- T+4 to T+6: Refund processing and share credit to Demat
- T+6: Typical listing day (varies by IPO)
Conclusion
Checking your Groww IPO allotment status is a straightforward process. While the Groww app provides quick access to your application status, cross-verifying on the registrar’s website gives you the most accurate and official confirmation. Remember to check on the allotment date, stay patient during the process, and ensure all your account details are accurate for smooth transactions.
For any specific issues with your IPO application or allotment, you can reach out to Groww’s customer support through the app or their official helpline. Happy investing!
Disclaimer: IPO investments carry market risks. This guide is for informational purposes only and should not be considered as investment advice. Always conduct thorough research and consider consulting with a financial advisor before making investment decisions.
