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    Who does the IPO allotment — the broker or Registrar to the Issue (RTA)?

    IPO allotments are done by the Registrar to the Issue (RTA), not by the broker.

    Here's how the IPO allotment process works:

    1. Application: You apply through your broker or a syndicate member.

    2. Data Collection: All applications are compiled by the lead managers and sent to the RTA.

    3. Allotment: The RTA conducts a SEBI-compliant, computerised allotment process based on investor category, application volume, and oversubscription levels.

    4. Result Sharing: Once finalised, allotment details are shared with the exchanges, lead managers, and brokers.

    5. Update to Investor: Brokers then notify customers and credit the allotted shares to the demat accounts of successful applicants.

    So, while brokers facilitate the application process, the actual allotment of shares in an IPO is done by the Registrar to the Issue, which is an independent entity appointed specifically for this purpose.

    What is cut off price? What is the ASBA payment method for IPO? What is the maximum no. of bids allowed per investor? Can an investor revise or withdraw the bids after applying in the issue? What is an IPO? What are the requirements to invest in an IPO? What is a Price Band? What is "Minimum Order Quantity" for an IPO? In which category should an investor bid for the shares in an IPO? Where can I check the upcoming IPO's? Where can I check the top performing IPO's? How to view IPO orders in my account? How to apply for an IPO in ICICI Direct?
    How does UPI mandate work? I have been waiting for some hours, why have I not received the UPI mandate request yet?
    How to apply in IPO in ICICI Direct? How to check my IPO application status in ICICI Direct? Can i apply through offline mode in an IPO? How to apply for an IPO from a corporate account via ICICI Direct Can an investor apply in an IPO through i-Direct portal if he has 2-in-1 account (Demat and Trading Accounts) with ICICIdirect? Can i place multiple orders in an IPO from different demat accounts linked to my PAN? Does the probability of allocation of shares increase if an investor bids for more than 1 lot? How to check allotment of shares for IPO? When will my funds be unblocked if I do not get IPO allotment? I have selected exchange as NSE while placing IPO application bid, why have I received the mail confirmation from BSE? How to cancel or revise my HNI IPO application? Why am I not able to cancel my SME IPO Order? I cannot see IPO allotted shares in my demat holdings. What should I do? Can i modify retail category to HNI for IPO orders? When can i modify/cancel my IPO orders placed in pre-apply session? I don’t have an ICICI Direct trading account and want to apply for IPOs from corporate/partnership accounts How to apply for IPOs using UPI, from a corporate account? Will I definitely get an IPO allotment if I apply through ICICI Direct?
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