Frequently Asked Questions

Grey Market Premium (GMP) is the price at which IPO shares are traded in the unofficial grey market before the actual listing on NSE/BSE. It reflects unlisted market sentiment and speculative demand. GMP is unofficial and does not guarantee listing performance.

GMP is not a reliable indicator and does not guarantee future listing price. While there is sometimes a correlation between high GMP and positive listing, there are many cases where actual listing diverges significantly from GMP. Always evaluate an IPO on its fundamentals.

Mainboard IPOs list on the main segments of NSE and BSE and are subject to full SEBI regulations with higher eligibility criteria. SME IPOs list on NSE Emerge or BSE SME platforms with relaxed eligibility for smaller companies. SME IPOs typically have larger lot sizes (minimum investment ₹1–2 lakh) and lower liquidity.

For oversubscribed IPOs, allotment in the retail category is done by lottery. Each valid applicant gets a maximum of 1 lot regardless of how many lots they applied for (in retail). NII/HNI allotment is proportional. QIB allotment is at the discretion of the company.

QIB (Qualified Institutional Buyers) are large institutional investors like mutual funds and banks. NII (Non-Institutional Investors) or HNI are investors applying for more than ₹2 lakh. Retail investors apply for up to ₹2 lakh. Each category has a portion of shares reserved.

You can check allotment on the registrar's website (Link Intime, KFin Technologies, Bigshare, etc.) using your PAN number, application number, or demat account. NSE and BSE also provide allotment check portals. Look for the specific IPO allotment page after the allotment date.

DRHP (Draft Red Herring Prospectus) is the initial draft filed with SEBI before IPO approval. RHP (Red Herring Prospectus) is the final version filed after SEBI approval with confirmed price band and issue details. Both are public documents available on SEBI's website.

Log in to your broker's app or bank's ASBA portal, find the IPO, enter your bid price and quantity, and approve the UPI mandate. Funds are blocked in your bank account until allotment. If not allotted, the mandate is released automatically.

Applying at cut-off price means you are willing to pay whatever final price is discovered within the price band. Retail investors are encouraged to apply at cut-off to maximise allotment chances. Applying below the cut-off price risks rejection.

No. IPO Grey Premium is an information platform providing data, GMP tracking, and educational content for informational purposes only. Nothing on this platform constitutes investment advice. Always consult a SEBI-registered investment advisor.