IPO Application

Initial public offering

You can check your allotment status on the IPO registrar’s website, such as Link Intime or KFintech. Alternatively, log in to your stockbroker’s app or visit the NSE and BSE websites using your PAN.

Yes, most investors apply online using the UPI method through their trading apps or net banking. This is a fast and paperless IPO process that blocks the bid amount in your bank account directly.

To apply offline, you must visit a designated bank branch or your broker’s office to submit a physical ASBA form. You need to provide your Demat details, PAN, and bid information on the printed application.

Steps to apply for an IPO –

• Log in to your broker’s app 
• Select the active IPO from the list. 
• Enter your bid price and quantity, then provide your UPI ID to receive a mandate request. 
• Approve the mandate on your banking app; the application is complete.

You can download the NSE / BSE IPO form from the official websites of the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE). Many banks also provide these blank application forms in their net banking portals under the ASBA section. Visit IPO INDEXIPO forms page to download.

The application number is generated instantly once you submit your bid on the broker’s platform or bank portal. You will also receive this number via an SMS and email confirmation from the exchange.

No, you cannot apply for an IPO without a valid Demat account. The shares you win in the allotment process must be stored in digital form in your Demat account you sell them.

The last date is the final day of the public bidding window (the third or fifth day of the issue). You must complete your application and approve the payment mandate with the official IPO timing before the closing time, usually 5:00 PM.

• Fill in your name, PAN number, and DP ID accurately in the designated columns. 
• Select the number of lots you want to buy 
• Mention the bid price or tick the cut-off price box.
• Submit

Yes, retail investors can apply for SME IPOs, but the minimum investment amount is usually between ₹1 lakh and ₹1.5 lakh. Whereas with mainboard IPOs, you must buy shares in large fixed lots rather than small quantities.

Yes, you can use any bank account that supports UPI or ASBA, but the bank account must belong to the primary applicant. The PAN card on the bank account must match the PAN card on the Demat account.

You can place an “After Market Order” (AMO) for an IPO through your broker at any time. However, the broker will only send your bid to the exchange when the market opens the next morning.

• You can use different Demat accounts to apply for different IPOs
• You cannot submit multiple applications for the same IPO using one PAN. In other words, if you use different Demat accounts with the same PAN, it will lead to rejection.

No, you cannot use a credit card to apply for an IPO in India. The payment must be made through a bank account via UPI or ASBA to ensure the funds are actually available and blocked.

No, the IPO bidding window is only open on bank working days from Monday to Friday. You cannot submit or process bids on Saturdays, Sundays, or public holidays; outside IPO apply time.

The IPO application number is a unique digit code assigned to your specific bid. It is used to track your status on the registrar’s website and to identify your transaction in the exchange records.

These options allow you to specify three different price points at which you are willing to buy the shares. Most retail investors ignore this and simply choose the “cut-off” price to increase their chances of allotment.

The beneficiary account number is your 8-digit or 16-digit Demat account ID, where the shares will be credited. You must enter this correctly to ensure the shares reach your account after the allotment.

The IPO cut-off time is the final deadline on the last day of the IPO when the stock exchange stops accepting applications. For the exchange, this is usually 5:00 PM on the closing day. However, banks and brokers often close their UPI/ASBA payment windows earlier, typically between 2:00 PM and 4:00 PM. You must complete your application and approve the payment mandate before your bank’s specific IPO cut off time.

Selecting the “cut-off” price means you agree to buy the shares at whatever final price the company decides. This is the best strategy for retail investors to ensure their application is not rejected due to a low bid price.

The DP name refers to the name of your stockbroker or the institution where you hold your Demat account, such as Zerodha, Angel One, or ICICI Securities. It identifies the Depository Participant responsible for your shares.

Yes, if your total application value is more than ₹2 lakhs, you will automatically fall under the NII category. This allows you to bid for larger amounts, though the allotment rules for HNIs are different from retail.

Yes, NRIs can apply for SME IPOs using their NRO or NRE bank accounts. They must ensure their Demat account is updated with the correct NRI status and linked to a valid PIS (Portfolio Investment Scheme) account if required.