What happens after a bid for IPO is placed?

• The application flow work as given below: -

1. 1. A bid is successfully placed by the investor through Space Jainam.
   2. The bid is then submitted to the exchange.
   3. The exchange will now send the bid to the bank via NPCI to get the mandate request on the UPI app.
   4. The IPO application will be completed when the UPI mandate is approved by the subscriber.

• Now the company’s registrar will assess the application during the share allotment process. The shares assigned will be deposited in the demat account one or two days before the listing date.