Frequently Asked Questions

IPOwiz is an Indian IPO research platform and Android app that lets you track live IPO GMP (grey market premium), subscription status, and allotment results in one place. You can check IPO allotment for multiple PANs in a single tap.

Yes. IPOwiz is completely free for checking IPO allotment status, live GMP, subscription data, and IPO details. There are no charges or subscriptions.

GMP is the premium at which IPO shares trade unofficially in the grey market before listing on NSE or BSE. It reflects informal demand and sentiment, not an exchange-set price. Estimated listing price = issue price + GMP.

Open the IPO allotment page, enter your PAN, and IPOwiz fetches your allotment result from the registrar. You can save multiple PANs and check all your IPO applications together once allotment is finalised.

IPOwiz fetches allotment data directly from official registrars such as Link Intime, KFin Technologies, and Bigshare. For final confirmation you can always cross-check on the registrar website, the BSE allotment page, or your broker and demat account.

Yes. You can store and reuse multiple PAN numbers in IPOwiz to check allotment for your whole family or group in one tap. PAN data stays on your device for privacy.

Your PAN numbers are stored locally on your device. Sensitive data is not shared with or stored on external servers, so your information stays with you.

Allotment is usually finalised on the next working day after the IPO closes. Shares are credited to demat accounts a day before listing, and refunds (ASBA unblock) for non-allotted applicants are processed around the same time. Exact dates are shown on each IPO allotment page.

Mainboard IPOs list on the NSE/BSE main boards, while SME IPOs list on BSE SME or NSE Emerge. SME IPOs usually have larger lot sizes and a minimum application of two lots. IPOwiz tracks GMP, subscription, and allotment for both.

No. GMP is only a sentiment indicator and can change daily until listing. Use it alongside subscription numbers, company financials, and valuation. A high GMP with weak fundamentals has still led to poor listings.

In an oversubscribed retail category, allotment is by lottery and applying for more lots does not increase odds per application. Applying with different PANs (family members), bidding at the cut-off price, and avoiding last-minute technical rejections help.

If you have any issues or questions, contact us at admin@ipowiz.in or visit the Contact page.