What is IPO allotment process?

Step by step process for allotment is as follows.

1.Investors apply via brokers or platforms during the IPO window (typically 3-7 days), blocking funds (ASBA).

2.The IPO closes, and the registrar checks for valid, non-duplicate applications.

3.Bids are grouped into Retail, HNI, and QIB, with specific share quotas for each.

4.For undersubscribed IPO, all valid applicants get their full requested Lots of IPO.

5.For oversubscribed IPO, Shares are allotted via lottery (random selection for retail/HNI) or pro-rata (proportional for Non institutional investors (NIIs) and Qualified Institutional Buyers (QIBs).For lottery, only one lot for one Pan card holder is considered.

6.The registrar finalizes the "Basis of Allotment" (BO) and confirms with exchanges.

7.Allotted shares go to Demat accounts; un-allotted funds are released / refunded to investors.

8.Shares list on the stock exchange for trading.