Knowledge Base

Submitting your application is just the first step. Here’s exactly what happens from the moment the subscription window closes to the day your shares start trading.

Subscription Closes

Once the IPO close date passes, no new applications are accepted. The registrar begins processing all submitted applications, removing invalid ones and verifying the rest.

Basis of Allotment

The registrar determines who gets shares and how many, based on the investor category. For retail investors, allotment is done by lottery when the IPO is oversubscribed. The basis of the allotment document is published on the registrar’s website and exchange websites it shows exactly how the allotment was done.

Checking Your Allotment Status

You can check whether you received shares on the registrar’s website (such as KFin Technologies or Link Intime), the BSE IPO allotment page, or directly on the Samco app. You’ll need your PAN number or application number.

Shares Credited to Your Demat Account

If you were allotted shares, they are credited to your demat account typically 1 to 2 days before the listing date. No action required from your end.

Refund / Unblocking

If you weren’t allotted shares or received fewer than you applied for, the blocked amount is automatically released from your bank account through the ASBA system.

Listing Day

The stock starts trading on NSE and BSE. The opening price is set during a pre-open session between 9:00 and 10:00 AM, and regular trading begins at 10:00 AM. You can sell your allotted shares on listing day itself if you choose to.