IPO guides

  • What is IPO GMP (grey market premium)? — GMP is the unofficial premium at which an IPO's shares trade before listing. What it means, how to turn it into a listing price estimate, and why it is often wrong.
  • How IPO allotment works — What happens after an IPO closes: how shares are allotted to retail applicants, why a lottery decides it, how to estimate your odds, and when money is released.
  • How to check IPO allotment status — Find your IPO allotment status on the registrar's website using your PAN or application number, when results appear, and how to check a whole family at once.
  • IPO lot size, price band and cut-off price explained — How the price band, lot size and cut-off price decide how much money you need to apply for an IPO, with a worked example and the ₹2 lakh retail limit.
  • SME IPO vs mainboard IPO: what is different — How SME IPOs differ from mainboard IPOs: where they list, lot size and minimum investment, liquidity, how past listing gains compare, and what to watch for.
  • IPO categories: retail, NII (HNI) and QIB — How an IPO's shares are split between retail, non-institutional (HNI) and institutional (QIB) investors, and why the subscription of each category matters.
  • How to apply for an IPO in India — What you need and the steps to apply for an IPO through your broker or bank using UPI: choosing the category, bidding at cut-off, approving the mandate and checking allotment.
  • What is IPO subscription (times subscribed)? — IPO subscription is how many times the shares on offer were bid for. How to read the overall and category figures, why the last day matters, and what it does not tell you.
  • Can family members apply for the same IPO separately? — Yes, if each person applies with their own PAN, demat and bank account. How one application per PAN works, what gets rejected, and how to keep track of a whole family's IPO applications.

Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.