IPO
- How to apply for an Initial Public Offering (IPO) via Whatsapp?
- Can a minor apply for an IPO?
- How to apply for an IPO in the existing shareholder or employee category?
- How long does it take for IPOs to list on the exchange?
- What does cut-off price mean?
- Are there any charges to apply for an IPO?
- How does the allotment process work if the IPO is oversubscribed?
- When are funds unblocked if the IPO was not allotted?
- Why is the IPO allotment status not available on the RTA's portal?
Why is the IPO allotment status not available on the RTA's portal?
Once an IPO application is submitted, the exchange forwards it to the Sponsor Bank responsible for the issue. The Sponsor Bank then sends a mandate request to the UPI app to block funds. After the IPO window closes, the Registrar (RTA) verifies the applications to allocate shares and publishes the records on their website.
Common Errors on RTA PortalSometimes, the RTAs may not display unallotted applications on their portal and may instead show one of the following errors:
- No Records found
- PAN not found
- Bid not found
The application or mandate status with the application number can be verified one day after the bidding date by visiting NSE IPO Status Portal.