IPO - Initial Public Offering

The process to check IPO allotment status is as follows:

• Visit the website of the registrar appointed for the IPO (Linkintime, Karvy, etc)
• Enter your PAN (Permanent Account Number) OR the application number OR DP Client ID
• Click on the "Submit" button

The status of your IPO allotment will be displayed on the screen. If you have been allotted shares, you will be able to download the allotment letter.

In addition to online methods, investors can also receive IPO allotment status updates via email and SMS from BSE, NSE, CDSL and NSDL.

There are two main ways to apply for shares in an IPO in India:

• Through a broker: An investor can apply for shares in an IPO through a broker like PhonePe Invest, who will then submit the investor's application to the underwriters.
• Through the registrar: Some companies allow investors to apply for shares in their IPO directly through the registrar's website.

Companies launch IPOs for a number of reasons, including:

• To raise capital: IPOs allow companies to raise capital from a wider pool of investors than they could through traditional means, such as bank loans or private equity investments. This capital raised can then be used by company for expansion or paying debts or any other intended purpose mentioned in its IPO prospectus.
• To increase liquidity: IPOs make a company's shares more liquid, which makes it easier for the company to raise additional capital in the future.
• To gain public recognition: IPOs can help companies gain public recognition and improve their brand image.
• To provide an exit for existing shareholders: IPOs provide an exit for existing shareholders, such as early investors or venture capitalists.