Biggest IPOs in India

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What is an IPO Registrar?

An Biggest IPOs in India is a SEBI-registered entity appointed by the company launching the IPO to manage records of applications, process allotments, and handle refunds. They play a central role in ensuring transparency and efficiency in the IPO process.

Key Responsibilities of an IPO Registrar:

  1. Processing Applications: Collecting and validating investor applications through stock exchanges and depositories.

  2. Allotment of Shares: Coordinating with stock exchanges and company management to finalize the basis of allotment.

  3. Refunds and Unblocking Funds: Ensuring refunds or ASBA fund unblocking for investors who did not get shares.

  4. Maintaining Records: Keeping an updated record of shareholder data.

  5. Handling Investor Queries: Assisting investors with allotment status checks, refund issues, or application discrepancies.

Why are Registrars Important for Investors?

For investors, registrars are the go-to source for:

  • Checking IPO allotment status (whether shares have been allocated or not).

  • Tracking refunds or unblocking of funds in case of non-allotment.

  • Resolving discrepancies in application details.

Since stock exchanges and broker platforms only provide limited updates, registrars serve as the official authority for allotment-related queries.

Leading IPO Registrars in India

India has a handful of SEBI-registered registrars that handle most of the IPOs in the market. Below is a list of the most prominent ones:

IPO NameIPO SizeIPO Year
Hyundai Motor India₹27,870 crores2024
LIC IPO₹21,008 crores2022
PayTM₹18,300 crores2021
Vodafone Idea FPO₹18,000 crores2024
Coal India₹15,199 crores2010
Reliance Power₹11,563 crores2008
Swiggy IPO₹11,327 crores2024
General Insurance Corporation₹11,175 crores2017
SBI Card₹10,355 crores2020
NTPC Green Energy₹10,000 crores2024
The New India Assurance₹9,600 crores2017
Zomato₹9,375 crores2021
DLF₹9,187 crores2007
HDFC Standard Life Insurance₹8,695 crores2017
Cairn India₹8,616 crores2006
Star Health and Allied Insurance₹7,249 crores2021
Bajaj Housing Finance₹6,560 crores2024
Gland Pharma₹6,480 crores2020
Ola Electric₹6,145 crores2024
ICICI Pru. Life₹6,057 crores2016
NHPC₹6,039 crores2009
Policybazaar₹6,017 crores2017
IRB InvIT Fund IPO₹5,921 crores2017
ICICI Lombard General Insurance₹5,700 crores2017
PB Fintech₹5,625 crores2021
Sona BLW Precision₹5,550 crores2020
Afcons Infrastructure₹5,430 crores2024
Nykaa₹5,352 crores2020
Delhivery₹5,235 crores2023
Nuvoco Vistas₹5,000 crores2020
Embassy Office Parks REIT₹4,750 crores2020
IRFC₹4,633 crores2021
Bandhan Bank₹4,473 crores2018
Mankind Pharma₹4,326 crores2023
Ruchi Soya FPO₹4,300 crores2022
Bharti Hexacom₹4,275 crores2024
Brainbees Solutions₹4,193 crores2024
Hindustan Aeronautics₹4,144 crores2018
ICICI Securities₹4,017 crores2018

1. Link Intime India Pvt Ltd

One of the largest IPO registrars in India, Link Intime handles a significant share of mainboard and SME IPOs.

  • Services: IPO processing, share registry, buybacks, rights issues, corporate actions.

  • Key Features for Investors:

    • User-friendly portal for allotment status.

    • Quick updates on refunds and unblocking.

    • Strong track record with large IPOs like Reliance Nippon, Zomato, and Paytm.


2. KFin Technologies Limited (KFintech)

Formerly known as Karvy Fintech, KFintech is among the biggest registrars and financial services platforms in India.

  • Services: IPO registry, corporate registry, fund services, investor servicing.

  • Key Features for Investors:

    • Reliable IPO allotment updates.

    • Handles major IPOs across NSE and BSE.

    • Dedicated query resolution system.

KFintech has managed allotments for many large IPOs including SBI Cards, Nykaa, and LIC IPO.


3. Bigshare Services Pvt Ltd

Bigshare Services is another leading registrar that primarily works with small and medium enterprises but also handles mainboard IPOs.

  • Services: IPOs, buybacks, takeovers, ESOP management.

  • Key Features for Investors:

    • Simple and effective allotment checking system.

    • Active in SME IPOs listed on NSE SME and BSE SME platforms.

    • Increasing presence in large-cap IPOs as well.


4. Cameo Corporate Services Limited

Cameo is a Chennai-based registrar that provides registry and share transfer services.

  • Services: IPO handling, registrar services, data management, corporate actions.

  • Key Features for Investors:

    • Specializes in IPO allotment updates.

    • Strong presence in South India-based companies.

    • Easy allotment check portal.


5. MAS Services Limited

MAS Services is a SEBI-registered registrar based in New Delhi. It offers services to companies and investors for equity issues, IPOs, and share registry.

  • Services: IPO registry, mutual fund registry, debenture and bond servicing.

  • Key Features for Investors:

    • Provides allotment updates and refund details.

    • Works with both listed and unlisted companies.

    • Known for mid-sized IPOs.


6. SKDC Consultants Limited

SKDC Consultants, headquartered in Coimbatore, is a growing player in IPO registrar services.

  • Services: IPO allotments, registry services, corporate actions.

  • Key Features for Investors:

    • Active in SME IPOs.

    • Provides simple online allotment check facility.

    • Focused on regional companies and smaller issues.


7. Alankit Assignments Limited

Alankit Assignments, part of the Alankit Group, offers financial and registry services including IPO registrar functions.

  • Services: IPO registry, financial record management, PAN and e-governance services.

  • Key Features for Investors:

    • Provides IPO allotment updates.

    • Known for handling government-related financial services.

    • Expanding role in IPO registry domain.

How to Check IPO Allotment Status with a Registrar?

Investors can check their IPO allotment status by visiting the registrar’s official website. The general steps are:

  1. Visit the IPO allotment link on the registrar’s portal.

  2. Select the IPO from the drop-down menu.

  3. Enter details like PAN number, application number, or DP/Client ID.

  4. Submit the request to view allotment results.

This process is usually available within a week of IPO closure, once the basis of allotment is finalized.


Things Investors Should Keep in Mind

  • Always check allotment status only from the official registrar’s website to avoid fraud.

  • Ensure correct application details (PAN, DP ID, Client ID) are entered while checking.

  • Refunds for non-allotment are generally processed within a few days after allotment finalization.

  • Registrars are not responsible for deciding allotments; they only process them as per SEBI and company rules.