All IPOs — 2026

IPO (Initial Public Offering) is when a private company sells its shares to the public for the first time on a stock exchange (BSE/NSE). After the IPO, anyone can buy and sell the company's shares on the market.

Open a Demat account with any broker (Zerodha, Groww, Upstox). When an IPO opens, apply through your broker's app via UPI (ASBA). Approve the UPI mandate. The amount is blocked (not deducted) until allotment. Minimum application is 1 lot.

GMP is the unofficial premium at which IPO shares trade before listing. If GMP is ₹50 on a ₹100 IPO, expected listing price is ~₹150. GMP is not SEBI-regulated and can change rapidly based on market sentiment.

Minimum = 1 lot × upper price band. Example: lot size 30 shares at ₹500 = ₹15,000 minimum. Maximum for retail category is ₹2,00,000. You must apply in lot multiples.

Check on the registrar's website (KFin Technologies or Link Intime/MUFG) using your PAN or application number. Allotment is announced ~6 days after close. If not allotted, money is unblocked automatically.

Mainboard IPOs are for larger companies (issue size ₹500+ Cr) listed on main BSE/NSE. SME IPOs are for smaller companies on BSE SME/NSE Emerge platform. SME IPOs have higher risk but sometimes give higher listing gains.

If allotted: shares are credited to your Demat account before listing day. If not allotted: blocked amount is released to your bank within 1-2 days. On listing day, you can hold or sell the shares at market price.

Yes, IPO investment carries risk. Not all IPOs list at a premium — some list below issue price (loss). Risk factors: company fundamentals, market conditions, overvaluation, sector outlook. Always research before applying.

Apply for 1 lot only (all 1-lot applications have equal lottery chance in retail). Apply from multiple Demat accounts (family members). Applying for more lots from same PAN doesn't increase probability.

DRHP (Draft Red Herring Prospectus) is filed with SEBI for approval — contains all details except final price. RHP (Red Herring Prospectus) is the final document with confirmed price band, filed after SEBI approval, just before IPO opens.

Pre-IPO shares can be bought through unlisted share dealers or platforms like Tata Capital Unlisted, Stockify, or UnlistedZone. These are private transactions outside stock exchanges. Risks include low liquidity, no SEBI regulation, price manipulation, and lock-in periods post-listing. Always verify the seller's credibility and understand that pre-IPO investing carries significantly higher risk than applying through the normal IPO process.

SME IPO (Small and Medium Enterprise IPO) is an initial public offering by smaller companies listed on BSE SME or NSE Emerge platforms. SME IPOs have lower issue sizes (typically ₹5-50 Cr), smaller lot sizes, and relaxed SEBI listing requirements compared to mainboard IPOs. They often show higher listing gains but carry more risk due to lower liquidity, limited institutional coverage, and smaller company size.

Visit the NSDL allotment status page at the registrar's portal (KFintech or Link Intime). Select the IPO name, enter your PAN number or application number, and click submit. NSDL depository participants can also check via their demat account statement once allotment is credited. Allotment typically reflects within 6 working days after the IPO subscription period closes.