Answer
Shares are not immediately available in your Demat account. The transfer takes a few days after allotment is finalised.
Allotted IPO shares do not appear immediately in your Demat account. This happens because of a time period between the allotment and the listing. Companies usually credit shares shortly before the listing date. However, the shares may not show up in your app until the actual listing day.
Common reasons for missing shares include:
- The Registrar and Transfer Agent (RTA) credits the shares before the listing date. Your broker might not show them until the listing day.
- Bonus shares or split shares can take one to two working days after the record date to appear. This is similar to the delay with IPO shares.
- New shares often receive a temporary ISIN (International Securities Identification Number). This ISIN needs time to change to a permanent trading ISIN.
- In some cases, you must manually click “Allocate” for the shares to be visible.
- IPO application with incorrect DP ID or client ID; the shares will not arrive for them. This is true even if the company officially allotted them to you.
What to do next:
- Check CDSL/NSDL: Look for an SMS or email from the depository. This confirms the credit. Do not rely only on your broker’s app.
- Shares are usually visible in your portfolio by 10 a.m. on the listing day.
- You can check the status on the Registrar’s website. This will verify the credit.
- Contact your broker if the shares are not visible one to two days after the listing.