Investments · IPO
Buying in on the first day
An IPO is a company selling shares to the public for the first time. The decision is about the business and the price — not about the queue outside it.
Live from the exchange
Open and upcoming public issues
Read from BSE’s own issue calendar. Dates and price bands as the exchange publishes them — no grey market premium, no subscription figures, no ranking.
This is the exchange’s calendar as BSE publishes it — not a recommendation, and not a list of issues we have assessed. Investment in securities carries market risk, including the loss of capital. Read the Red Herring Prospectus and its risk factors before you apply. We are a distributor: we are not the issuer, the registrar or the exchange.
Worth saying plainly
Listing gains are not a strategy
IPOs get attention because a few list far above their issue price. Plenty list below it, and the ones that do rarely get the same coverage. Deciding to apply because an issue is "heavily subscribed" is deciding on the strength of a queue rather than a business.
The question worth asking is the ordinary one: what does the company earn, what is being sold and by whom, where is the money going, and is the price sensible against comparable listed companies. If the answer is that you do not know, that is a complete answer — and usually a no.
How it works
Application to allotment
You apply within the issue window at a price inside the announced band, through ASBA — the money is blocked in your bank account rather than debited, and released if you are not allotted. You need a demat account and a PAN.
If the issue is oversubscribed, retail allotment is by lottery in lots. A large application does not improve your odds in the retail category, which is a point worth knowing before you block more money than you meant to.
- Demat account and PAN required
- Funds blocked, not debited, until allotment
- Retail oversubscription is allotted by lot, not by size
FAQ
Questions people actually ask
Do I need a demat account?
Yes. Shares are allotted in dematerialised form and there is no alternative. We can help you open one if you do not have it.
Does applying for more improve my chances?
Not in the retail category, where oversubscription is allotted by lottery in lots. Applying for more lots than one blocks more money for the same odds per lot.
What happens if I am not allotted?
The block on your funds is released, typically within a few days of the allotment date. You are not charged.
Should I sell on listing day?
That is a decision about the company, not a rule. If you applied intending to hold a business you believe in, listing day is irrelevant. If you applied hoping for a pop, you were trading rather than investing — which is allowed, but worth being honest with yourself about.
Ask before you apply
We will give you a straight read on the pricing, including when it is a no.
Talk to us about IPOs Call +91 88067 78771
Application forms are being finalised. Until they are live, call or email us and we will start your application directly.