Learn About IPO

Guides, explanations, and a complete glossary for IPO investors

New to IPOs, or sharpening your approach? This hub brings together plain-English guides covering the full IPO journey — from understanding what an IPO is and how to apply, to reading the grey market premium (GMP), live subscription data, the allotment lottery, and lock-in periods. Every guide is written for Indian retail investors and reflects current SEBI rules and the T+3 listing timeline.

What is an IPO?

Beginner's guide — definition, Mainboard vs SME, the IPO process, investor categories, and risks.

How to Apply for IPO

Step-by-step guide to applying through UPI, ASBA, and net banking.

What is GMP?

Understand Grey Market Premium, how it works, and why it matters.

IPO Allotment Process

How shares are allotted, the lottery system, and checking your status.

How We Recommend

Understand our 4-factor scoring system and what the recommendation badges mean.

IPO Glossary (A-Z)

All IPO terms explained: DRHP, RHP, ASBA, QIB, NII, HNI, and more.

What is Anchor Investor?

SEBI rules, 60% QIB cap, 30/90-day lock-in, and how retail should read the anchor list.

ASBA vs UPI for IPO

Compare both payment methods — limits (Rs 5 lakh UPI cap), eligibility, and which to use.

IPO Lock-in Period

Anchor 30/90 days, promoter 18mo/6mo, pre-IPO 6mo — when each tranche unlocks and what to do.

NRI IPO Investing

Eligibility, NRE vs NRO, FEMA limits, post-2024 tax rates, and repatriation for NRIs / OCIs.

How to Read a DRHP

Practical guide — 7 must-read sections, 10 red flags, 5-step reading process for retail investors.

Where to Start

If you're new to IPOs, start with What is an IPO?, then learn How to Apply for an IPO and compare payment routes in ASBA vs UPI.

To evaluate an issue before applying, read What is GMP?, What is an Anchor Investor? and our practical guide to How to Read a DRHP. Our methodology page explains how the recommendation badges are scored.

After you apply, the IPO Allotment Process and IPO Lock-in Period guides explain what happens next. NRIs and OCIs should also see NRI IPO Investing. Keep the IPO Glossary open for any unfamiliar term.

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Quick links to all IPO sections

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