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How to Check the Allotment Status of Nazara Tech IPO

18 August 2021
4 minutes

Nazara Tech’s IPO was open for subscription between March 17 and 19. The price was kept between Rs 1100-1101 per share with a minimum lot size of 13 shares.

The Nazara Technologies IPO was subscribed 175.46 times on day 3 of bidding.

The allotment status will be finalised around March 24.

Here’s how you can check your allotment status for the IPO:

1. Check Allotment Status on Groww

Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:- 

Step 1: Open the Groww App,  scroll down the homepage to see the ‘IPOs’ section.

Step 2: Click on IPOs. On the next page click on the ‘Status’  tab next to the Nazara Tech IPO (or any other IPO you had applied for). The status tab will not be visible if you have not applied for the IPO.

Step 3: If you have received the allotment in the IPO, ‘Allotted’ will be written next to your application number. Or else, the status will show as ‘Rejected’. It will show as ‘Approved’ till the allotment is finalized.

2. Check Allotment Status on Registrar website

  • Visit the Linkintime website to check IPO Allotment status.
  • Click on the drop-down and select Nazara Tech – IPO.
  • Now enter your PAN number, or Application number, or DP Client ID.
  • Fill in the Captcha.
  • Hit the submit button.
  • The IPO Allotment status will appear on your mobile or computer screen.

3. Check Allotment Status on BSE

Step 1 – Go to link – https://www.bseindia.com/investors/appli_check.aspx

Step 2 – Select Equity

Step 3 – Select Issue Name (Nazara Tech)

Step 4-  Enter Application Number as well as PAN

Step 5 – Click on search button to know the Nazara Tech IPO Share Allotment Subscription Status

FAQs on Nazara Tech IPO Allotment

How do I know if I have received Nazara Tech Allotment or not?

The steps have been explained above.

What happens to the IPO amount in my bank account?

After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use. 

How are the Nazara Tech shares being allotted?

If Nazara Tech IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there cannot be a guarantee that you will get the shares.  It is possible that few investors do not get any shares at all, in case of over-subscription.

Will my money come back if I don’t get Nazara Tech IPO allotment?

If you don’t get the allotment in Nazara Tech IPO, the amount will be unblocked, and you will be able to use the amount in your bank account. 

When will NazaraTech IPO get listed?

Nazara Tech shares will get listed on BSE and NSE on March 30, 2021.

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