Support & FAQs
Ans. Yes getting registered and applying IPOs with IPO Ji is absolutely free.
Ans. An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.
Ans. A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO). For eg: if the price band of Route Mobile is between Rs. 345-Rs. 350, it means that investor can bid for shares of Route Mobile at any price between Rs.345- Rs.350
Ans. Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares. Example: IPO: Route Mobile IPO Public Issue Price: Rs.345/- to Rs.350/- Per Equity Share Minimum Order Quantity: 40 Shares Investors need to apply for at least 40 shares. They can apply at any price within the price range i.e. Rs.345 - Rs.350. If the investor wants to apply for more than 40 shares, he needs to apply in multiples of 40 i.e. he can either apply for 80 shares or 120 shares etc.
Ans. If an investor intends to submit bids for amounts below Rs. 2 lakhs, they fall within the Retail segment. If an investor intends to place bids exceeding Rs. 2 lakhs, they are categorized under the HNI (High Net Worth Individual) segment. The HNI category is now classified into two further sub categories. a) S-HNI category which is the smaller HNIs who invest between Rs2 lakhs and Rs10 lakhs in any IPO. Their allotment is also shown separately. b) B-HNI category which is the Big HNI category who invest above Rs10 lakhs and there is no upper limit for such B-HNI investors.
Ans. The IPO Ji App/Website conveniently automates the bidding process by categorizing your bids as either Retail or HNI, depending on the total bid amount.
Ans. Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process. When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor. For eg: if the price band of an IPO is between Rs.345 - Rs.350 and the investor opts to bid at the cut off price, then the application would be done at the cap price i.e. Rs.350. However, if the determined issue price is less than Rs.350, then price difference between the issue price and the cap price would be refunded to the investor after allotment.
Ans. The IPO Ji App/Website submits all your bids at the cut-off/upper price band. Currently, the app does not support placing orders at prices other than the cut-off/upper price band.
Ans. ASBA (Application Supported by Blocked Amount) is a payment method for IPOs in India. Instead of paying upfront, investors block the bid amount in their bank account during application. Funds are debited only for allocated shares. Excess blocked funds are refunded, enhancing chances of share allotment.
Ans. Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised. However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment. Currently, IPO Ji only supports cancellation of bids only.
Ans. Investor has to first add the Account details, then from Apply IPO Page (IPO Detail > Apply IPO), user can select the quantity and submit their order. The bids will be placed at Upper Limit/Cut Off directly.
Ans. The Grey Market Premium (GMP) is the additional amount that investors are willing to pay for the shares in the grey market, over the IPO issue price. Here's an example to help you understand the GMP. Let's say the issue price in an IPO is ₹380 per share. However, due to exceptional demand, buyers in the grey market are willing to pay up to ₹420 per share. The additional amount of ₹40 (₹420 - ₹380) is the Grey Market Premium that the buyers are willing to pay to acquire the company's shares. The GMP is a good indicator of the price that a company's shares are likely to reach on the listing day, but doesn't guarantee same). Let's take the above example. Since buyers are willing to pay a premium of ₹40 per share, it is fair to assume that the stock price may see near about ₹420 per share on the listing day. However, the Grey Market Price is not conclusive and the share price on the actual listing day may or may not follow through.
Ans. No, grey market and IPO market are two completely different marketplaces and have no connection. The IPO market is officially recognized and highly regulated by the Securities and Exchange Board
Ans. When considering applying for IPOs, it's important not to solely rely on the Grey Market Premium (GMP). GMP reflects unofficial market sentiment and can be speculative. To make an informed decision, focus on fundamental factors: analyze the company's financial health, growth potential, industry standing, and valuation. Consider broader market conditions, potential risks, and alignment with your investment goals. Rely on expert analysis, official prospectuses, and reliable sources. GMP can offer insights, but it's just one piece of the puzzle. Evaluate IPOs comprehensively before making investment choices.
Ans. You can check for the best demat account opening offers by different brokers from the Offer Section of IPO Ji app and open your account.
Ans. Investors have the option to access the Orders/Bids Page through the side navigation menu. On this page, they can view their orders specifically for ongoing IPOs. It's important to note that data related to past IPOs is archived once those IPOs are closed.
Ans. Typically, you can expect to receive the mandate within a certain time frame, which can vary from 15 minutes to 4 hours. However, if you do not receive the mandate within this period, you have the option to cancel your bid and then proceed to place your order again.
Ans. You can apply for most IPOs through the IPO Ji App/Website until 4:00 PM for NII applications and until 4:30 PM for Retail applications.
Ans. Yes, the investor can apply by filling the IPO application form (which can be downloaded from NSE/BSE website) and submitting it in the banks branch.
Ans. No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected. If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.
Ans. The investor can check the allotments status of an IPO once the allotment process is completed. The investor can either check it on the Website of of the Registrar appointed for the issue or directly from the IPO Ji App. Goto to IPO Detail Page > Click Check Allotment > Select the IPO Name > Enter Pan Card
Ans. IPO Ji Premium or AdFree version allows you to use the app without any advertisements, offering an ad-free experience.
