How to Check Paytm IPO Share Allotment Status

Introduction

IPOs are as old as the history of the stock market. The precursor to IPOs is the publicani shares in the Roman Republic. Publicani were joint venture companies formed for specific projects, backed by the authorities. The citizens of the Roman Republic would hold shares of these companies in exchange for providing funds to cover a percentage of the project's cost. IPOs gained popularity in their modern form with the Dutch East Indies Company, which issued shares publicly throughout its history. This practice was taken up by the other East Indies companies soon after. By the late 19th century, IPOs were commonplace, with large banks such as the Bank of North America offering its shares in 1783.

IPO allotment

Initial public offering or IPO is when private companies convert themselves into public companies. Private companies have a few shareholders at the start. When they go public, it means they allow more investors to participate in the future growth by offering new shares to them. A private company offers a percentage of its shares for public trade, allowing it to garner more capital in the process. IPO is generally done by companies who have already established themselves in the sector they belong to.

IPO allotment refers to the allotment process by which shares are allocated to investors. IPO allotment process can be further classified into two cases, as follows:

• If the total number of bids is less than the total number of shares, each bidder will get one share allotment at least.
• If the total number of bids is greater than the total number of shares offered by the company, the allotment process will depend on the margin of the overbid. If the margin of the overbid is small, the minimum lot would be distributed to all the applicants, and the rest would be given to investors depending upon their bid size. If the size of the overbid is large, the shares are allocated by a lucky draw conducted by the registrar of the company.

IPO allotment status

Once the IPO allotment process is complete, the company's registrar in question confirms the allotment of shares to successful bidders by the next seven days. The IPO allotment status can be checked in the following manner:

• Checking one's demat account to see if the shares have been transferred.
• Checking one's bank account to see if the amount of the bid has been debited.
• Logging on to the exchange website with PAN Card and DPID/Client ID number or the bid application number and searching for the IPO in question.
• Logging onto the registrar site of the company with PAN Card and DPID/Client ID number or the bid application number.

How to Check Paytm IPO share allotment status

The process of checking Paytm IPO share allotment status is similar to checking other IPO allotment status. It can be done in the following ways:

• Checking one's demat account to see if Paytm shares have been transferred.
• Checking one's bank account to see if the amount for the Paytm bid has been debited.
• Logging on the Paytm IPO allotment status page on the exchange website and using one's PAN Card and DPID/Client ID number or the bid application number to search for the status.
• Logging on the registrar site of Paytm and using one's PAN Card and DPID/Client ID number or the bid application number to search for the status.

Conclusion

Checking the allotment status of Paytm or any other company is a straightforward and straightforward process, requiring little effort on the part of the investors.