Understand IPOs before you apply
From price bands to allotment to listing — we explain the IPO process in plain language for investors across Faridabad & Delhi NCR. Then track upcoming and current IPOs on our partner platform, Unlisted Axis.
IPO investments carry market risk. This page is educational and is not a recommendation to apply for any IPO.
What actually is an IPO?
The moment a private company opens its shares to the public and lists on an exchange.
In an Initial Public Offering, a company sells shares to public investors for the first time to raise capital, and those shares begin trading on NSE and/or BSE. You apply during a short offer window; if you receive an allotment, the shares land in your demat account and you can hold or sell after listing.
IPOs come in two flavours — mainboard (larger, more established companies) and SME (smaller companies on dedicated platforms, with bigger lot sizes and higher risk). Both are regulated by SEBI, but neither guarantees a profit.
- Price band — The range within which you bid
- Lot size — Minimum number of shares per application
- Cut-off price — Agreeing to the final issue price
- ASBA / UPI — Amount blocked, not debited, till allotment
- Listing day — When shares start trading on the exchange
How an IPO works, start to finish
DRHP / RHP filing
The company files its offer documents with SEBI, disclosing financials, risks and how it will use the funds.
Price band & dates
A price band and a 3-day bidding window are announced. You decide how many lots to apply for.
Bidding via UPI / ASBA
You apply through your bank or broker; the amount is blocked in your account until allotment.
Allotment & listing
Shares are allotted (often by lottery if oversubscribed) and listed on the exchange a few days later.
Grey Market Premium is an unofficial, unregulated number floated in informal markets before listing. It is speculative, changes by the hour, and is not a reliable predictor of how a share will list or perform. We show it — when relevant — as context, never as a reason to invest.
A short checklist before you apply
Skim the business, financials, risk factors and 'objects of the issue' before you apply.
Compare the asking price to listed peers — an exciting story can still be richly priced.
GMP, WhatsApp tips and 'sure-shot' claims are noise. Decide on fundamentals and your goals.
Frequently asked questions
Have a question about an IPO?
Talk to a NISM-certified planner in Faridabad / Delhi NCR before you apply.