Answer
The bid opening date is the exact first day when the public can apply for an IPO. This date marks the official start of the subscription window. The server opens at 10:30 AM on this specific day.
Investors get a chance to submit their official buying requests during this timeframe. People use this period to read the financial reports of the company. You can check the business terms before blocking your money. This day sets up the schedule for the remaining application steps.
For example, a company sets its application timeline:
- IPO Start Date: Wednesday, July 15, 2026
- IPO End Date: Friday, July 17, 2026
- Allotment Finalization: Monday, July 20, 2026
- Refund Processing: Tuesday, July 21, 2026
- Demat Share Delivery: Tuesday, July 21, 2026
- Market Listing Day: Wednesday, July 22, 2026
- UPI Approval Deadline: 5 PM on July 17, 2026
In this case, July 15, 2026 is the opening date.