Current IPOs

For any IPO, the market hours are from 10 am to 5 pm. If you placed your order during this period, in most cases, you will receive a mandate request in your payments app within 15 minutes. 

IPO applications are not processed in real-time and can take several minutes to a few hours, as the exchange may not accept applications after market hours.

But if you place your order on a non-market hour or holiday, you will receive a mandate request on the next market opening date anywhere from 10 am to 10:30 am.

In most of the cases, Exchange sends the data of the Mandate approval instantly, but sometimes, due to the issue at Exchange, it may take up to 24 hrs. But don't worry, your order will be considered for allotment in such cases.

There are two main categories of current IPO are:

• New Initial Public Offering (IPO) : This is the first time a company offers its shares for public investment. The company is essentially going public for the first time through this process.
• Follow-on Public Offer (FPO): This is when a company that is already listed on a stock exchange issues new shares to raise additional funds.

The key difference between an IPO and an FPO lies in the company's listing status and the purpose of raising capital. Here's a breakdown:

• IPO (Initial Public Offering):
  • This is the first time a company offers its shares to the public for investment.
  • The company is essentially going public through this process.
  • The capital raised helps the company fund growth, expansion, or debt repayment.
  • The IPO price is typically determined through an underwriting process considering market conditions, valuation, and negotiation.
• FPO (Follow-on Public Offering):
  • This is when a company already listed on a stock exchange issues additional shares to raise capital.
  • The company is already public and looking to raise more funds for various purposes like expansion, acquisitions, or debt reduction.
  • The share price is usually market-driven based on the existing stock price and the number of new shares being offered.

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.

At the moment, INDmoney does not support investing in SME IPOs, but we are coming up with this feature really soon.

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.

An IPO, or Initial Public Offering, is when a private company starts selling its shares to the public for the first time.

Investing in IPOs can give you early access to shares that might increase in value, allowing you to benefit from the company's growth.

You can invest in an IPO by applying through a trading platform or broker, filling out an application, and submitting it before the closing date.

Typically, you'll need identity proof, address proof, and bank account details, along with a PAN card.

The retail limit is the maximum amount a retail investor can invest in an IPO, which is usually up to ₹2 lakhs in India.

Look for an IPO or investments section on the INDmoney platform, where upcoming IPOs are usually listed.

When applying for an IPO, you'll specify the number of shares and the price you're willing to pay in your application.