Today, a large pool of investors is applying for IPOs due to increased investment awareness. Hence, IPOs are generally oversubscribed and become highly competitive.
In this situation, checking the IPO allotment status becomes an important element of the application process because every investor may not receive shares.
IPO allotment status informs the investor whether applied shares are allotted or not. It is used to ascertain the quantity of shares allotted.
The investor assures that shares will be credited to the demat account or will get a refund by checking the IPO allotment status.
Bigshare Services Pvt Ltd is one of the IPO registrars affiliated with SEBI. It handles IPO-related activities such as application verification, share allotment, refunds, and record maintenance. It manages both SME and Mainboard IPOs.
What is Bigshare Services IPO Allotment Status?
Bigshare Services IPO allotment status reflects the result of an investor’s IPO application after the IPO closes. It shows whether the shares have been allocated and in what quantity. The possible results of allotment are as follows:
Allotted: The investor is allotted the same number of shares as applied for.
Not allotted: No shares are allotted to the investor.
Partial allotment: The investor is allotted fewer shares than applied for.
About Bigshare Services Pvt Ltd as an IPO Registrar
Bigshare Services is one of the preferred IPO registrars for companies launching IPOs due to its strong presence in the Indian capital markets and growing expertise.
It crucially handles end-to-end management of IPO allocations. It starts with processing and verifying the application. Furthermore, it is responsible for finalizing the allotment basis in par with stock exchanges, initiating refunds in case of non-allotment or partial allotment, and crediting shares to the investor’s demat account in case of allotment or partial allotment.
It has handled numerous SME IPOs, and therefore, it is preferred by the emerging companies to access the capital market.
When is Bigshare IPO Allotment Status Announced?
After an IPO closure, Bigshare IPO allotment status is usually announced within a few working days. The next step of a registrar, after processing applications and finalising the investor’s data, is preparing the basis of allotment and getting it approved by the stock exchange.
The basis of allotment defines the share distribution pattern among applicants, specifically when the IPO is oversubscribed. The allotment status is finalised after the approval of the basis of allotment.
An investor can find an allotment date in the IPO prospectus, stock exchange announcements, or registrar updates.
Check the IPO Calendar for upcoming IPOs
How to Check IPO Allotment Status on Bigshare Website
The step-by-step process to check Bigshare IPO allotment status is given below:
Step 1: Visit https://www.bigshareonline.com/
Step 2: Go to the Solutions menu
Step 3: Click the IPO Allotment Status option
Once the IPO allotment status is clicked, the following page appears. OMG! This seems very technical. Don’t worry!
These are simply different access points to use their services like e-voting, IPO allotment, share transfers, etc.
Bigshare Services maintains three servers to allow users to access their data without interruption during high traffic.
Initially, an investor can click on any server of his/her choice to check allotment status. If that server fails to generate result, investor may switch to another one.
Different Ways to Check Bigshare IPO Allotment Status
After selecting the server of choice, the investor is ready to check the allotment status by providing the required inputs to generate the IPO allotment status.
Bigshare IPO allotment status can be checked using either Application number, Beneficiary ID, or PAN number. Each method used to check Bigshare IPO allotment status is discussed below.
In all methods, three inputs: Select language, Select company, and Enter captcha are common.
Investors can select the language from the given dropdown with which they are comfortable.
Next, they are required to select the company from the dropdown for which they are checking the IPO allotment status.
Using application number / CAF number:
The common application form (CAF) number, widely known as the application number, is generated when the IPO application is submitted.
It is mentioned in the acknowledgement slip or the provided by the platform used to apply. The below steps are followed to get the allotment result.
Step I: Select application number / CAF number
Step II: Enter application number / CAF number
Using Beneficiary ID:
The beneficiary ID is associated with the investor’s demat account. It is composed of two elements: DP ID and Client ID.
DP ID is used to identify the depository participant, and Client ID is used to identify the investor associated with that depository participant.
The below steps are followed to get the allotment result. The investor has option to check the IPO allotment status either through NSDL or CSDL.
If NSDL is opted, then the investor has to enter DP ID and Client ID. If CSDL is opted, then the investor has to insert the 16-digit demat account number.
Step I: Select beneficiary ID
Step II: Choose NSDL / CDSL
If the investor opts for CDSL, then the CDSL number needs to be inserted to generate the IPO allotment result. The CDSL number refers to the investor’s 16-digit demat account number.
Using PAN Number:
The Income Tax Department of India issues the unique 10-digit alphanumeric code to citizens and which is known as the PAN (Permanent Account Number). It is linked to all the financial and investment transactions. The below steps are followed to get the allotment result.
Step I: Select PAN number
Step II: Enter PAN number
Be careful while entering all the above-mentioned details, as even a small error will prevent the generation of the IPO allotment result.
Finally, enter the given captcha and hit the search button to get the allotment status.
How to Check Bigshare IPO Allotment Status via BSE Website
Due to heavy traffic, it is possible that Bigshare Service’s website may get slow or temporarily unavailable. In such a situation, the investors can check the IPO allotment status through the BSE website also.
The steps to check the IPO allotment status using the BSE website are given below:
- Visit https://www.bseindia.com/
- Go to the Investor Services menu.
- Click the Application Status Check option.
- Select the issue type and issue name.
- Enter the application number or PAN number correctly.
- Submit the required details to get the IPO allotment result on the screen.
What to Do If You Are Allotted Shares?
If the investor is allotted shares, then the shares are, generally, credited to the investor’s demat account after the finalization of allotment. The broker’s application, trading platform, or login to NSDL/CDSL can be used to confirm the credit of allotted shares to investor’s demat account.
Generally, the shares are credited to demat account before the listing day.
What Happens If You Do Not Get IPO Allotment?
If the shares are not allotted to the investor, the amount blocked at the time of application is released or refunded to the investor’s bank account.
The bank unblocks the blocked funds in case of ASBA for the non-allotment of shares. The UPI mandate is revoked for UPI-based applications.
The refund process begins within one working day after the finalization of allotment.
Common Issues While Checking Bigshare IPO Allotment Status
Key Points to Remember About Bigshare IPO Allotment
Difference Between Bigshare Services and Other IPO Registrars
Generally, all IPO registrars perform similar registrar functions such as handling allotment, refunds, and share credits.
The main difference between Bigshare Services and other IPO registrars is the client base.
Bigshare Services Pvt Ltd has carved a niche in handling SME IPOs. KFintech and MUFG Link Intime, on the other hand, focus more on Mainboard IPOs and large-scale public issues.
FAQs on Bigshare Services IPO Allotment Status
1. How can I check Bigshare IPO allotment status?
You can check it on the Bigshare Services website using your application number, PAN, or demat details.
2. When is Bigshare IPO allotment finalised?
It is generally done within a few working days after the IPO closes, once the basis of allotment is approved by the exchange.
3. Why is my Bigshare allotment status not showing?
The IPO allotment fails to show results if the allotment is not yet finalised, wrong details are entered, or the website is experiencing heavy traffic.
