IPO Allotment Tracker
Allotment is where an IPO application actually resolves — the registrar decides how many shares, if any, you get for the lots you applied for. What happens next to your blocked capital depends entirely on that outcome, and tracking it correctly matters for both your holdings and your available cash.
The Four Allotment Outcomes
- Allotted — you get the full number of shares you applied for. The applied amount converts fully into a holding; nothing is refunded.
- Partially allotted — you get fewer shares than you applied for. The portion that converts to shares becomes a holding; the remainder of your applied amount is refunded.
- Not allotted — no shares. The entire applied amount is refunded back to you.
- Cancelled — the application itself didn't go through. Same as not allotted: the full applied amount is released.
How Refunds Actually Work
A refund isn't new money — it's capital that was already yours, sitting blocked while the application was pending, coming back to being available. That distinction matters for tracking your actual available cash correctly: once an application resolves to not-allotted or partially-allotted, the unallotted portion should return to your available balance exactly once, not get added on top of itself. It's a surprisingly common bug in manual tracking (and one we specifically had to fix in IPO Tracker's own capital calculation) — a refund releasing blocked money, and then that same amount being counted twice.
What Happens to Allotted Shares
The moment shares are allotted, they stop being an "application" and become a holding — tracked at your allotment price as the cost basis, ready to show unrealized profit or loss against the current market price until you sell.
Tracking Allotment Across Accounts
If you apply from multiple demat accounts — your own and family members' — each account's allotment result is independent. One account might be fully allotted while another gets nothing on the exact same IPO. A proper application tracker needs to record each outcome separately while still rolling up total allotment success rate across everything you apply to.