IPO guides

Short, simple guides to investing in IPOs in India: GMP, applying, allotment, subscription and listing day.

What Is IPO GMP? Grey Market Premium Explained

IPO GMP (grey market premium) in simple words: what it means, how to work out the expected listing price, and how often it gets the listing right.

Check your IPO allotment status in two minutes on the registrar, BSE or NSE website with your PAN or application number, and what to do next.

Apply for an IPO from your broker app or net banking: what you need, the steps, the cut-off price and the mistakes that get applications rejected.

How shares are shared out when an IPO is oversubscribed: the retail lottery, the NII and QIB quotas, and simple ways to improve your chances.

What “subscribed 25 times” means, who QIBs, NIIs and retail investors are, and how to read day-wise IPO subscription figures.

How SME IPOs differ from mainboard IPOs in size, minimum investment, risk, trading and listing gains, with figures from recent IPOs.

What kostak and subject to sauda rates mean in the IPO grey market, with simple examples, and why dealing in the grey market is risky.

What happens on IPO listing day: the pre-open session, when trading starts, how the listing price is set and how listing gain is worked out.