Investing in a primary market offering is a streamlined process if you have the right infrastructure in place. Follow these steps to submit a successful application:

Step 1: Ensure an Active Demat Account You must have an active Demat and Trading account with a SEBI-registered stockbroker (e.g., Zerodha, Upstox, Groww).

Step 2: Log into Your Trading Platform Navigate to the ‘IPO’ section within your broker’s web portal or mobile application.

Step 3: Select the Target IPO Review the active listings from our master table above. Click ‘Apply’ on the specific IPO you wish to bid for.

Step 4: Enter Bid Details (Lot Size & Price) Retail investors must bid in specific “lots.” Always apply at the Cut-Off Price (the upper end of the price band) to maximize your chances of allotment.

Step 5: Provide Your UPI ID Enter a valid UPI ID linked to the bank account registered with your Demat profile. The ASBA (Application Supported by Blocked Amount) mechanism will ensure your funds are safely locked, not immediately deducted.

Step 6: Submit and Approve the Mandate Submit your application. Within a few hours, you will receive a UPI mandate request on your payment app (GPay, PhonePe, BHIM). Approve this mandate to lock the funds and finalize your bid.

Once the subscription window closes, the registrar finalizes the allotment.

• If Undersubscribed: All valid retail applicants receive their requested shares.
• If Oversubscribed (Most Common): The allotment for the Retail category is decided via a computerized lottery system. For High Net-worth Individuals (HNIs/NIIs) and Qualified Institutional Buyers (QIBs), allotment is distributed on a proportionate basis.

You can verify if you have received shares on the official allotment date using two primary methods:

1. Through the Official Registrar Website: Visit the website of the designated registrar (such as Link Intime or KFintech). Enter your PAN card number or IPO Application Number to instantly view your allotment status.

2. Through Your Broker App: Log back into the IPO section of your Demat account. The status will update to reflect either “Allotted” or “Not Allotted.” If you are not allotted shares, your blocked UPI funds will be released automatically prior to the listing date.