Upcoming & Current IPOs in India

IPO stands for Initial Public Offering. In the share market, it is the process where a private company offers its shares to the public for the first time to raise capital, officially entering the stock exchange to be traded publicly.

A company hires investment banks, files a Draft Red Herring Prospectus (DRHP) with SEBI, and sets a price band. Investors then bid for shares during a 3 to 4-day subscription window. If demand meets or exceeds supply, shares are allotted and subsequently listed on the NSE and BSE for open trading.

You can check your IPO allotment status online via the official registrar’s website for that specific IPO (such as Link Intime or KFintech), or through the BSE and NSE portals. To check, you will need to enter your PAN card number, IPO application number, or DP Client ID.

GMP stands for Grey Market Premium. It is the unofficial, unregulated premium at which IPO shares trade before they are officially listed on the stock exchange. While it serves as an indicator of market demand and potential listing gains, it is subject to high volatility.

You can easily apply online through your stockbroker’s platform (such as Zerodha, Groww, or Upstox) using a UPI ID to mandate the payment. Alternatively, you can apply using the ASBA (Applications Supported by Blocked Amount) facility directly through your bank’s net banking portal.

An SME IPO is designed specifically for Small and Medium Enterprises looking to raise capital. These companies list on platforms like NSE Emerge or BSE SME. While the total issue size is smaller, the minimum investment amount required for retail investors is significantly higher—typically over ₹1 Lakh per lot.

The cut-off price is the final issue price determined by the company within the announced price band after analyzing overall investor demand. Retail investors usually tick the “cut-off price” checkbox during their application to ensure their bid remains valid at whatever the final price is determined to be.

HNI stands for High Net-worth Individual. In the context of IPO allocations, this category (officially known as Non-Institutional Investors or NII) is reserved for individuals bidding for shares worth more than ₹2 Lakhs.

QIB stands for Qualified Institutional Buyer. This category includes commercial banks, mutual fund houses, and SEBI-registered foreign portfolio investors. QIBs provide stability to the issue and often receive the largest allocation quota (usually 50%) in a Mainboard IPO.