IPO
Apply for upcoming, open and SME IPOs over UPI. Track GMP, allotment status and listing-day gains, with calculators for cut-off price, allotment probability and listing P&L.
What you get
- Mainboard and SME IPOs
- UPI-based application
- Allotment probability calculator
- Listing gains and GMP tracker
- Retail / HNI / employee categories
Calculators for ipo
Allotment ProbabilityComing soon
Odds of getting an allotment given subscription multiples.
Listing Gains CalculatorComing soon
Profit on listing day given lot size, issue price and listing price.
GMP P&L CalculatorComing soon
Estimated profit using current Grey Market Premium.
Category Cut-offsComing soon
Investment ranges for Retail, S-HNI, B-HNI and Employee categories.
How an Indian IPO works
A company issues shares to the public via a book-built IPO with a price band. You apply through ASBA (UPI mandate) — funds are blocked, not debited, until allotment. The issue runs ~3 working days; allotment, refund and listing follow over the next ~5 business days (T+3 listing on the mainboard).
Categories & cut-offs
- Retail (RII): ≤ ₹2 L per application.
- S-HNI: ₹2 L – ₹10 L.
- B-HNI: > ₹10 L.
- QIB: mutual funds, banks, FPIs.
- Employee: reserved at issue price (often with discount).
Mainboard vs SME IPO
Mainboard IPOs list on NSE/BSE; SME IPOs list on the SME platforms with smaller issue sizes, higher minimum lot value (~₹1 L+) and lower liquidity. Same UPI flow, different eligibility.