Once you submit an NCD (Non-Convertible Debenture) application on Stoxkart, your application goes through the standard primary market clearing and allotment lifecycle:

1. Allotment Processing
• After the NCD issue closing date, the Registrar and Transfer Agent (RTA) verifies all valid bids.
• Full / Partial Allotment: If the issue is oversubscribed in your category, allotment is done according to the issue rules (usually on a first-come, first-served basis or proportionately).

2. Fund Debit or Unblocking
• If Allotted: The money for the allotted NCDs is debited from your blocked bank funds.
• If Not Allotted (or Partially Allotted): The blocked funds (or remaining balance) are automatically unblocked/released back to your bank account by the allotment date.

3. Demat Credit & Listing
• Demat Credit: The allotted NCD units are credited directly to your Stoxkart-linked Demat account (CDSL/NSDL) before the listing date.
• Trading: Once listed on the BSE/NSE, you can view your NCDs under your STOXKART portfolio holdings and buy/sell them on the secondary market if liquidity allows.

4. Coupon/Interest Payments
• Interest payouts (monthly, quarterly, annual, or cumulative, depending on the option chosen during application) will be directly credited to the bank account linked with your Demat account on the scheduled payout dates.
How to Check Status
• On STOXKART: Check the IPO/NCD Order Book or Portfolio Holdings tab in the app or web portal.
• On RTA Portal: Visit the official portal of the issue's registrar (such as Link Intime or KFintech) and enter your PAN or Application Number.
• On BSE/NSE: Use the "Verify IPO/Debt Bid Allotment" tool on the official BSE or NSE websites.