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Frequently Asked Questions
An IPO, or Initial Public Offering, occurs when a privately held company decides to offer its shares to the public for the first time. This process enables the company to raise capital by selling a portion of ownership in the form of stocks.
Retail Individual investors can invest upto Rs 2,00,000 using UPI.
No. You can use only approved UPI Apps for applying for IPOs. Click to view the list of eligible UPI Apps.
No. Third party UPI IDs are not allowed. Your bids will not be considered for allocation.
The Lot Size is the minimum number of shares that an investor can bid on. The issue size will be the number of shares in a bid for 1, so an investor can bid for 1 or multiples of 1. The issue size is decided as per the amount of money that needs to be raised by the company. For example, the issue size of the Zomato IPO was 195 shares, so a minimum bid needed was for all 195 of them at least.
The company that is issuing an IPO declares a price range for the shares being deployed into the market. This price range is called the Price Band. Let us say the Price Band of company X is Rs. 61 - Rs. 68. The investors can now bid as per this price band. If the shares are in heavy demand the company can choose to release them at Rs. 68, and those bidders that bid as per this amount are selected for subscription.
No. You will receive a fund block request on your UPI App. You have to ensure that you approve the fund block mandate on your UPI App.You may check the status of your bid by checkingin the dashboard.
No. Your fund will be blocked in your bank account. The amount will be debited only if you are allotted units. In case you do not get allocation, your fund will be unblocked.