1. PRE – APPLY :- - Investors can also pre apply to an IPO, however the chances of allotment remain the same irrespective of the time the IPO is applied for.
- The pre apply window opens only one day before the IPO and is available till 10:00 AM of the issue open date. Afterwards the regular apply option will be available
- This option of pre applying is not available for SME’S IPO.
2. POST – APPLY: - - Every issuing company declares their IPO subscription period (i.e. IPO open date and issue close date).Investor can apply in an IPO during this time.
- Generally, an IPO is kept open for:
- Minimum 3 working days and
- Maximum 10 working days.
- Stock exchanges accept the application for an IPO between 10 a.m. to 5 p.m. on its working days only.
- Investors can place a bid for IPO shares any time in 24 hours i.e., even after the market closes if their broker/bank allows them to place the order.
- Orders placed after market closing time will be forwarded to the exchange on the next business day after 10 a.m.
- On the last day of IPO, the investor should place his bid before 4.30 p.m. So that, he can also accept the mandate before 5 p.m. and can successfully complete the applying process.
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