IPO guides
Plain-English explainers for investing in Indian IPOs.
How to apply for an IPO in India (UPI & ASBA)A step-by-step walk-through of applying for an IPO from your demat or bank account, and what happens to your money.Read guide →How IPO allotment works — and how to check yoursWhy oversubscribed IPOs use a lottery for retail investors, the T+3 timeline, and where to check allotment status.Read guide →What is IPO GMP (grey market premium)?What grey market premium means, how "estimated listing" is worked out, and why GMP is an unreliable signal.Read guide →IPO terms explained: price band, lot size, cut-off and moreA plain-English glossary of the words you meet on every IPO page.Read guide →SME IPO vs mainboard IPO: what is the difference?How SME IPOs differ from mainboard IPOs in size, minimum application, regulation, liquidity and risk.Read guide →How to read an IPO red herring prospectus (RHP)Which sections of the RHP matter most, and what to look for in each, without reading all 400 pages.Read guide →IPO subscription status explained: QIB, NII and retail numbersWhat "subscribed 50×" means, how each category is counted, and what subscription can and cannot tell you.Read guide →Anchor investors in an IPO and their lock-in periodWho anchor investors are, how much of an IPO they get, and why the end of their lock-in can matter for the share price.Read guide →Tax on IPO listing gains in IndiaHow profits from selling IPO shares are taxed — short-term vs long-term capital gains, and what counts as the holding period.Read guide →IPO refund: when is blocked money released?How the ASBA / UPI block works, when money is released if you are not allotted, and what to do if it is not.Read guide →What happens on IPO listing dayHow the listing price is discovered in the pre-open session, when trading starts, and how to sell or buy on listing day.Read guide →Can you apply for an IPO from multiple accounts?The one-PAN-one-application rule, applying through family members, and why duplicate bids get rejected.Read guide →GMP vs subscription: which IPO signal means what?Grey market premium and subscription figures measure different things. How to read both without over-reading either.Read guide →