Good Morning, Future Investors! 🌞
If you're a first-time IPO investor and feeling a bit overwhelmed, don't worry! Here's your quick and easy guide to navigating IPO allotment like a pro. Whether you're in it for the thrill or the potential returns, these steps will simplify the process for you.
Step-by-Step Guide To Check For IPO Allotment
Step 1: Apply Through Your NJ Account
First things first—log in to your NJ account and submit your IPO application. Once you hit submit, you'll get a confirmation message. This is your green light.
Step 2: Watch for the Email
Once your application heads to the BSE, keep an eye on your inbox. You'll receive an email confirming that the application has been received. A small win, but we're just getting started.
Step 3: Authorize Your UPI
Now comes the action! Your UPI app (like Gpay, Bhim, Amazon Pay) will prompt you for authorization. Go ahead and approve it before the IPO closes—the deadline's usually 5:59 PM on the last day. Timing is everything.
Step 4: The Mandate Hold 🕒
Your bank will now block the amount you applied for in the IPO. Think of it as putting your money on "hold," but don't worry—it's still in your account. Just waiting to see if you hit the IPO lottery
Checking Your IPO Allotment: Did You Get It?
Here's the moment of truth! Once the IPO allotment is done, you can easily check the status online. If you've been allotted the shares—congratulations. The shares will automatically be credited to your demat account, and you're officially a shareholder. The remark on your funds will change to Ececuted
IPO allotment status screen
If you didn't get the shares, no worries—the bank will release your blocked funds back to your account. You're free to use that amount for your next IPO adventure or whatever you like. The remark on your funds will change to Revoked
And that's it. Whether you got the shares or not, now you know exactly how the IPO allotment process works.
What's your favourite way to check for the IPO allotment. Share your knowledge and Let's foster a community of knowledge and success together
As Always Stay Informed, Invest Wisely
About The Author:
Sanil Pinto - Stay Informed With Sanil
Take the first step in Giving Wings To Your Financial Dreams
Greetings! I am Sanil, the man behind the inception of Wiremesh back in 2010. I have proudly graced the pages of Silicon Magazine’s prestigious list of Ten Most Promising Investment Planning Companies in 2018. Prior to founding Wiremesh, I have worked with renowned global BFSI giants such as HSBC and Barclays, channeling my expertise to assist them in expanding their horizons and generating substantial wealth for my esteemed business verticals. Together, we have ventured into realms where success knows no bounds, and the rewards reaped have surpassed even the wildest dreams.
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