IPO

An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time on a stock exchange. Through an IPO, a company can raise capital by selling shares to institutional and retail investors.

Once the IPO is complete, the company's shares become publicly traded, and it transitions from being privately held to a publicly listed entity.

On the Web

Navigate to IPO from Orders.

Open & Upcoming

Here, users can find the open and upcoming IPOs from the NSE and BSE, along with details such as:

• IPO name
• Minimum investment
• Minimum quantity
• Price range
• Date

Clicking the down arrow next to the IPO name provides the following dates:

• Offer start: The first day when the public can begin subscribing to the IPO by placing bids to buy shares.
• Offer end: The final day when the subscription period closes.
• Allotment: The date when the company and underwriters finalize how many shares will be allotted to each investor based on demand and the number of bids received.
• Refund: If an investor doesn’t receive the full allotment of shares they applied for, the excess amount is refunded on this date.
• Demat: The date when the allotted shares are credited to the investor’s Demat account.
• Listing: The day when the company's shares are listed and begin trading publicly on the stock exchange.
• Mandate date: The final date by which the IPO application needs to be confirmed or authorized.

Apply for an IPO

• Click the ‘Apply’ button to open the New IPO pop-up form.
• View details such as IPO name, issue date, issue size, price range, minimum quantity, lot size, discount, investor type, and subscription rate.
• Select retail or HNI on the right side.
• Add up to three bids, entering the quantity and price for each.
• The total payable amount will be shown at the bottom.
• Enter your UPI or VPA ID in the provided space.
• Check the declaration box and submit the request.
• After the IPO order is placed you will get an intimation to approve fund blocking from your UPI App. Only after successful authorization of the same you can treat your IPO application is complete

Closed

Closed displays the IPOs that were closed recently.

IPO Orders

Here, you can find the status of closed IPO orders with labels such as:

• Cancelled
• Submitted
• Pending

On the Mobile

Click on the three dots in the menu bar and select Account. Click on 'IPO' here.

The IPO screen displays Open & Upcoming IPOs, Closed IPOs, and IPO Orders.

On the Open & Upcoming IPO screen, users can apply for an IPO by clicking on the 'Apply' button. Enter the UPI ID, quantity, price, and select the type (Retail or HNI). Add up to three bids, check the declaration box, and submit the request.

The Closed tab displays the IPOs that were closed recently, while IPO Orders displays the status of orders.