Closed IPOs

An IPO is open for subscription from 10 a.m. on its opening day until 5:00 p.m. on its closing day. Investors can apply for shares at any time during this period.

Once an IPO closes, the company stops accepting investment offers. It starts allocating shares to investors' demat accounts, unblocks any excess funds, and starts trading its shares on the stock market.

Post allotment date, it usually takes 2 to 3 days for Exchange to send the data of IPO allotment to INDmoney.

But during this time, if you need to verify your allotment status, you can follow the below steps:

(1) Complete one-time registration on this official Exchange website

(2) Once logged in, select the IPO Symbol for which you want to check the allotment.

(3) Enter your Pan Number

(4) Put in the application ID (You can get to know about the application ID from the status page).

(5) On Clicking “Get Data” you will be able to check the allotment details.

Generally, the amount will get unblocked within 2 days. In a few cases, it may take up to mandate expiry date which can be from 5 to 10 days post shares not allotted. If it is more than 10 days, please contact your bank to unblock the amount.

IPO is short for Initial Public Offering. It is the process when a private company offers its shares to the public for the first time. This move helps the company raise capital from public investors, and it marks the company's transition from private to public, allowing its shares to be traded on stock exchanges.

The main benefit of investing in an IPO is the opportunity to buy shares at the initial offering price, which can be lower than the market price when the shares start trading publicly. This could lead to potential profits if the share price increases.

With INDmoney, the retail limit is ₹5 lakhs. It is the maximum amount a retail investor can invest in an IPO.

Yes, once the company's shares are listed on the stock exchange, you can buy shares through the secondary market.

The results of a closed IPO, such as share allocation and listing gains, can be found on the company’s investor relations page or through the INDmoney app.

If you don't receive shares after the share allotment process, the money blocked in your bank account will be refunded 4 days after the closing date of the issue. 

No, you cannot cancel an IPO application after the closing date. Cancellations are only possible during the IPO bidding period. Retail investors, employees, and shareholders with bids up to 2 lakhs can cancel their applications during this time. However, Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs) are not allowed to cancel their bids once they are submitted.