KNOWLEDGE BASE
FREQUENTLY ASKED IPO QUESTIONS
Clear, authoritative answers to common questions investors ask before, during, and after applying for an IPO.
What is the Cut-Off Price, and why should I always select it?
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In a book-built issue, the price band consists of a floor and a cap price (e.g. ₹480 - ₹500). The cut-off price means you are willing to buy shares at whatever final price the company discovers through bidding. If you bid below the discovered cut-off price, your application is automatically disqualified from allotment. Checking 'Cut-off' protects your bid from rejection.
Can I apply for an IPO using multiple Demat accounts with the same PAN?
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No. SEBI regulations mandate that only one application per PAN card is permitted in the Retail category. If you apply from multiple broker accounts using the same PAN, the registrar's software automatically flags the duplicate PAN and rejects all your applications for that issue. To increase your odds, apply using separate Demat accounts of family members.
Can I pay from a bank account that belongs to someone else (Third-Party UPI)?
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How does the allotment process work when an IPO is heavily oversubscribed?
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What should I do if my funds are still blocked after allotment is finalized?
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What is the difference between Retail (RII) and Non-Institutional (NII / HNI) categories?
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What time do IPO shares list and start trading on the stock exchange?
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Do I have to sell my allotted shares immediately on listing day?
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