Knowledge Base

Every IPO follows a fixed timeline with specific dates that matter to you as an investor. Missing or misunderstanding any of these can affect your application or your trading plans.

IPO Open Date

This is the date from which you can start submitting applications. The subscription window typically opens at 10:00 AM.

IPO Close Date

The last date to submit your application. The window closes at 5:00 PM. After this, no new applications or modifications are accepted. Most IPOs are open for 3 working days. Don’t apply on the last day at the last minute, UPI mandate approvals can take time, and a delay means your application won’t go through.

Allotment Date

After the subscription closes, the registrar processes all applications and finalises allotment. This typically happens around T+6 working days after the IPO closes. You can check your allotment status on the registrar’s website, BSE/NSE IPO pages

Refund / Unblocking Date

If you didn’t receive allotment or received fewer shares than you applied for the blocked amount is released from your bank account on this date. With ASBA, this happens automatically. No action needed from your end.

Listing Date

The day the company’s shares are officially listed on NSE and BSE and begin trading. The pre-open session runs from 9:00 to 10:00 AM, and regular trading begins at 10:00 AM. The listing price is set by market demand on that day it can be higher or lower than the issue price.