The IGI IPO (Indian Green Power IPO) has been one of the most anticipated public offerings in the market, with investors eagerly waiting to know whether they’ve been allotted shares. If you’ve applied for the IGI IPO, it’s essential to keep track of your allotment status. In this article, we’ll guide you through the process of checking your IGI IPO allotment status, ensuring you don’t miss out on any crucial updates.
Understanding the IGI IPO Allotment Process
The allotment of shares in an IPO (Initial Public Offering) is a key step for investors who have subscribed to the offer. When the demand for shares exceeds the available supply, not all applicants may receive the full number of shares they applied for. In such cases, the allotment is done via a lottery system, and investors are allocated shares based on this random selection.
Once the allotment process is complete, you can check whether you have been allotted shares and if so, how many. Below, we provide simple steps for checking your IGI IPO allotment status.
Steps to Check IGI IPO Allotment Status
- Visit the Registrar’s Website
- The IGI IPO allotment is managed by the registrar. To check your allotment status, first, visit the official registrar website, which in this case is Link Intime India Pvt. Ltd.. The link is available on the IGI IPO page of the registrar’s website.
- Enter Your Application Details
- To check the allotment status, you will need to provide specific details such as your Application Number and PAN Number. These details can be found on the confirmation page or email you received when you applied for the IPO.
- Choose the IPO from the Dropdown Menu
- On the registrar’s website, select the IGI IPO option from the list of IPOs available. This dropdown menu will guide you directly to the relevant page for checking your allotment status.
- Submit and View Allotment Status
- After filling in the necessary details, click on the “Submit” button. You’ll then see the status of your application – whether you’ve been allotted shares or not.
Alternative Method: Check via Bank or Broker
If you applied for the IGI IPO through a bank or broker, you can also check your allotment status through their platform. Banks and brokers often provide an easy-to-access interface where you can view your allotment status.
- For Zerodha Clients: Log into your Zerodha account, go to the “Portfolio” section, and look for your IPO holdings. If allotted, the details will be visible here.
- For ICICI Direct or HDFC Securities Users: Similar to Zerodha, log into your account and check the IPO section for updates.
What Happens After Allotment?
Once the allotment status is declared, successful applicants will see the shares credited to their Demat accounts. If you haven’t been allotted shares, your application money will be refunded, usually within 3-4 days after the allotment.
In case of partial allotment, only the allotted shares will appear in your Demat account, and the excess amount will be refunded.
Conclusion
Checking the IGI IPO allotment status is a straightforward process, but it’s essential to stay updated to know whether you’ve received an allotment. Be sure to keep your application number and PAN number handy when checking, and explore multiple options such as using the registrar’s website or your broker’s platform.
We hope this guide helps you in easily tracking your IGI IPO allotment. Good luck, and we wish you success in your investment journey!
