Apply for Live IPOs Online

There are Nil charges for applying for IPO’s and also NIL charges for paying for the IPO’s for INDpay UPI.

The IPO price band is the range within which you can place your bid for an IPO. When applying, you must choose a bid price within this range. You can also apply at the cut-off price, which means you agree to buy the shares at the final price decided by the company.

Lot size is the minimum number of shares you must apply for in an IPO. You can apply only in multiples of the lot size, and the minimum investment amount depends on the lot size and price band.

After the IPO subscription period ends, shares are allotted based on demand and SEBI rules:

• If an IPO is undersubscribed, all valid applicants usually receive shares.
• If an IPO is oversubscribed, allotment is done through a lottery system (especially for retail investors).

You can track your allotment status directly on INDmoney once it is announced.

On INDmoney the application status is trackable on the App and website.

If you do not receive an allotment:

The blocked amount is automatically unblocked in your bank account via INDpay UPI.No manual action is required from your side.

If you receive an allotment, the shares are typically credited to your INDmoney Demat account one day after the listing day.You can then trade on these allotted shares too via INDmoney.