Why is the IPO allotment status not available on the RTA's portal?

Once an IPO application is submitted, the exchange forwards it to the Sponsor bank responsible for the issue, which sends a mandate request to the UPI app to block funds. After the IPO window closes, the Registrar (RTA) verifies the applications to allocate shares and publishes the records on their website.

Sometimes, the RTAs may not display unallotted applications on their portal and may instead show one of the following errors:

1. No Records found
2. PAN not found
3. Bid not found

The application or mandate status with the application number can be verified one day after the bidding date on NSE or BSE. To learn how, see How to check the IPO bid and allotment status?