CarTrade Tech IPO Allotment - How to Check the Allotment Status?

The Rs.2,999 crore IPO of CarTrade Tech, consisting entirely of an OFS of Rs.2,999 crore, was subscribed 20.29X overall at the close of bidding on 11 August. The basis of allotment will be finalized on 17 August. If you have applied for the IPO, you can check your allotment status online. 

What is the IPO allotment status?

IPO Allotment status indicates the number of shares/Stocks allocated against number of shares/Stocls applied for in an IPO. Allotment is categorised as:

IPO Allotted: when full shares/stocks allotted against applied.
IPO Partly/ partially allotted: This means less number of shares/stocks allotted against applied.
IPO Non- Allotment: No shares/Stocks allotted. 

What could be the reasons for non-allotment of an IPO?

•    The issue price is higher than the bid price
•    The application was not selected in the lottery process
•    Error in some of the details like pan card number, Demat Account number
•    More than one application has been submitted via the same pan card number

Also Read: How to Increase the Chances of IPO Allotment

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime. Here are the steps.

Checking the allotment status of CarTrade Tech on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.
•    Under Issue Type – Select Equity Option
•    Under Issue Name – Select CarTrade Tech IPO from the drop-down box
•    Enter the Application Number exactly as in the acknowledge slip
•    Enter the PAN (10-digit alphanumeric) number
•    Once this is done, you need to click on the Captcha to verify that you are not a robot
•    Finally click on the Search Button

The allotment status will be displayed on the screen in front of you informing you about the number of stocks of CarTrade Tech allotted to you.

Checking the allotment status of CarTrade Tech on Link Intime (Registrar to IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link: https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select CarTrade Tech from the drop down box.

•    There are 3 options. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination.

•    Select the appropriate option you want to use and enter the details (PAN / Application Number / DPID-Client ID)

•    Finally, click on the Search button

The IPO status with number of shares of CarTrade Tech allotted will be displayed on the screen.