A Registrar and Transfer Agent (RTA) is a SEBI-registered entity appointed by the company issuing an IPO — not by Rupeezy or the exchange — to collect applications, decide allotment, and maintain the official share records for that issue.
What does an RTA do during an IPO?
- Collects applications — every bid placed for the issue, across all brokers and banks, is recorded against the RTA.
- Maintains records — of the money blocked or paid by each applicant.
- Decides the basis of allotment, in consultation with the exchange, when an issue is oversubscribed.
- Finalises the list of investors entitled to allotment.
- Processes and dispatches allotment letters, refund orders, share certificates, and other related documents for the issue.
Is the RTA the same as Rupeezy or the exchange?
No — the three are separate. On Rupeezy, you place the bid; the exchange (NSE or BSE) collates all bids for the issue; the RTA is what actually decides eligibility, allotment, and the paperwork once that decision is made.
For example, eligibility for the Existing Shareholder category is decided by the RTA against the parent company's shareholder records, not by Rupeezy — see "How do I apply for an IPO in the Existing Shareholder or Employee category?". After allotment, it's the RTA that sends the allotment file to your bank so the blocked UPI mandate amount can be debited — see "Why can the mandate fail after my shares are already allotted?".
How can I find the RTA for a specific IPO?
Every company's RTA is listed on the exchanges themselves, independent of which broker you use:
- On NSE — search for the company, then go to Corporate Information > Company Directory > Transfer Agent Details.
- On BSE — search for the company, then go to Corp Information and scroll down to the registrar's details.
Things to keep in mind
- The RTA is independent of Rupeezy — for queries about your registered folio, share certificates, or an allotment decision itself, you'd go through the RTA, not Rupeezy.
- Every IPO has its own RTA — a new issue can use a different RTA than one you've applied to before.