A step-by-step guide to the two ways bidders can check their status and avoid being trolled on the Internet
The primary market is in the limelight these days. The initial public offers (IPOs) by the companies are getting huge response and are oversubscribing manifold as compared to the issue size. This has resulted in the IPOs, which are already aggressively priced, listing at a hefty premium.
Primary market investors are making a beeline for their share of allotment, and cash out early to take advantage of the huge premium listing. In this entire process, retail investors are feeling left out, as they hardly get any allotment because of the tiny size of the retail category of the IPO.
Social media is flooded with memes and messages that poke fun at those investors who were offered nil allotment in more than one IPO in a raw. One of these memes, depicting a scene from popular movie Three Idiots, goes, “It is painful when you don’t get shares in an IPO allotment, but it is more painful when your friend is allotted the shares of the same company which rejected your application.”
Another popular meme is based on Sunny Deol’s famous line, which goes ‘Taarikh pe taarikh pe taarikh’. On the same lines, this meme declares, “IPO pe IPO pe IPO, per allotment zero”.
However, there are certain fortunate bidders in the retail category who are allotted shares in the IPO of the company. A detailed explanation is presented in following paragraphs for such people to help check their allotment status.
IPO bidders can check their allotment status online by logging in at the BSE website or at the official registrar’s website. The direct link to BSE website is bseindia.com/investors/appli_check.aspx. Bidders can also check in at the registrar’s website; the webpage address is available on the prospectus of the IPO issuing company.
IPO allotment status check at BSE
To check one's share allotment status online at BSE, bidders can login at bseindia.com/investors/appli_check.aspx. After logging in, they need to follow some simple steps to check their application status online.
Here is a step-by-step guide:
- Login at direct BSE link — bseindia.com/investors/appli_check.aspx;
- Enter 'Glenmark Life Sciences IPO' at the space given for issue name
- Enter your application number
- Enter your PAN details;
- Click on 'I'm not a robot'; and
- Click on the 'Submit' button.
As soon as you enter the ‘Submit’ button, your application status will become available on the computer monitor or on your smartphone screen.
IPO allotment status check at Registrar’s website
Those who want to check their application status online by logging in at the official registrar's website, the website may not open due to sudden rise in traffic. In such a scenario, bidders are advised to login again after some time.
Here is another step-by step-guide:
- Login at the Registrar’s website
- Click on either of the relevant links that belongs to the company you are searching for
- Select the link of the company you want to check the application and allotment status of
- Choose the application type
- Enter your IPO application number;
- Enter security code or Captcha
- Click on the 'Submit' button.
Your share allotment status will become available on the computer monitor or on your smartphone screen.