Frequently Asked Questions

An Initial Public Offering (IPO) is the process through which a private company offers its shares to the public for the first time, becoming a publicly listed company on a stock exchange like the BSE or NSE.

Mainboard IPOs are for larger companies and list on the main BSE/NSE platforms. SME IPOs are for smaller companies and list on the BSE SME or NSE Emerge platforms, which have lower eligibility thresholds but also lower minimum investment amounts than typical Mainboard IPOs, though lot sizes are often larger in absolute share count.

The price band is the range within which investors can bid for shares in the IPO (e.g. ₹178-187). The final issue price is fixed within or at the top of this band based on investor demand during the bidding process.

The lot size is the minimum number of shares you must bid for in one application. You can bid for multiples of the lot size, but not for a fractional lot.

GMP is the premium at which IPO shares are informally traded in the unofficial "grey market" before listing. It's often used as an unofficial indicator of expected listing demand, but the grey market is unregulated, so GMP figures can be volatile and are not a guarantee of actual listing price or performance.

Not always. GMP reflects sentiment among a small, unregulated group of traders and can change rapidly right up to listing day. It has correlated with listing performance in some IPOs and diverged significantly in others. Treat it as one data point, not a guarantee.

These are investor categories used when allocating IPO shares: QIB (Qualified Institutional Buyers, e.g. mutual funds, banks), NII (Non Institutional Investors, typically high-net-worth individuals bidding above ₹2 lakh), and Retail (individual investors bidding up to ₹2 lakh). Each category has a reserved portion of the total issue, and "subscription" shows how many times that portion has been bid for.

It means the number of shares bid for in that category is 2.5 times the number of shares actually reserved for it - i.e. demand is 2.5 times the available supply in that category.

Visit the registrar's allotment status page, linked on each IPO's detail page under the Allotment tab, and enter your PAN, application number, or DP/Client ID as requested.

If your application isn't allotted shares, the blocked amount is released back to your bank account (via ASBA) around the refund initiation date shown on the IPO's detail page - no separate refund request is needed.

Listing gain is the percentage difference between the IPO's issue price and its price at market open on listing day. A positive listing gain means the stock listed above the issue price; a negative one means it listed below.

No. IPOPlus is an information platform, not a SEBI-registered investment adviser or broker. Everything on this Site is for informational purposes only - consult a qualified investment adviser before making investment decisions. See our Terms & Conditions for details.

Core IPO details, GMP, and subscription figures are refreshed regularly throughout each trading day while an IPO is open. Historical and listed IPO data is updated as new information becomes available.

IPOPlus covers Mainboard and SME IPOs dating back to 2012, viewable through our year-by-year archive.

Please reach out via our Contact page with the IPO name and the specific figure that looks off, and we'll look into it.