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Initial Public Offerings (IPO)

The primary market provides investors, opportunities to buy shares at a reasonable price before its upcoming IPO listing price. Additionally, retail investors also enjoy discounted rates while applying for Upcoming IPOs. Holding on to the shares also provides an opportunity to participate in the future success of these companies.

  • Get stock at lowest possible price
  • Short term profit with lower risk
  • Hassle free ASBA process
  • Meet long term goals
  • No brokerage while applying in New IPOs
  • Be a part of company's growth story

How to apply IPO online?


When a company decides to go public, it opens up its shareholding rights and issues for the general public through IPO (Initial Public Offering). The medium of going public has to be one that has been authorized by a regulatory authority. In India, this job is done by SEBI (Securities and Exchange Board of India). SEBI is the main body that defines the structure of an IPO in India. As part of this duty, SEBI mandated a process known as ASBA, which refers to “Application Supported by Blocked Amount”. It was mandated and authorized that ASBA will be a preferred and model structure of application for an IPO.


What is an IPO?

Initial public offering or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail investors. An IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.

How one can apply in Upcoming IPOs online?

Firstly, login on any of the online platforms of and select the Upcoming IPO you wish to invest in. Secondly, enter the minimum Lot Size & desired Price (or use the Cut-off price option) and click on “Submit” for placing an order. You can also place multiple bids as well, from a single order form.

Where do I get an application form for an Upcoming IPO?

To apply for an Upcoming IPO you can either place your bids through “Online Trading Platforms” using UPI or else you can fill an IPO application form. You can also get the application form through a registered share broker or investment consultant such as Libord Brokerage Pvt. Ltd. Or else the forms are available at various banks as well as stalls outside the stock exchanges. The other option is to check the SEBI Website (http://www.sebi.gov.in/) for the prospectus of a particular Upcoming IPO. The prospectus lists the lead managers for the New IPO and you can get a copy of the application form from their centers as well. Once you get the form, you have to fill the details pertaining to minimum lot size & desired price (or use the Cut-off price option). Also you need to enter the UPI ID for bidding the desired IPO. Payment needs to be blocked post applying for an IPO investment using the UPI enabled app. User can also apply for a New IPO using the ASBA process through Net Banking. If you have a demat account with a registered broker such as Libord Brokerage or any bank, you can apply for the shares directly through your demat account or there is an option of physical delivery of share certificates. Some IPOs offer only demat (dematerialised) form of shares, while others offer both demat as well as regular (physical) shares. SEBI advises investors to get the allotment in demat form as the shares in IPO are tradable only in demat segment in the stock exchanges. Dealing of physical shares (allocated in New IPO) is not accepted.

What do you mean by IPO funding?

IPO Funding (or IPO Financing) is a loan offered for applying in primary stock market by NBFCs (Non-Banking Financial Companies) to retail, high net worth individuals (HNI) as well as Corporate entities and Partnership / LLP firms.

Can I revise or cancel my IPO application?

"Yes, you can revise or cancel your IPO application. To modify or cancel your IPO application done through Libord Brokerage, login to Libord Brokerage website, visit IPO section and click Modify Order Status. Choose the IPO application you would like to cancel and place the request for cancellation. After successful processing of your withdrawal request, the money will be unblocked in your ASBA bank account within 1 business day. Customer can also modify / revise the bid online on Libord Brokerage website while the bidding for the IPO share is still in process."

What is the life cycle of an IPO?

An initial public offering (IPO) represents a private company's first offering of its equity to public investors. A company goes through a three-part IPO transformation process: a pre-IPO transformation phase, an IPO transaction phase and a post-IPO transaction phase.

I applied in an Upcoming IPO whose price band is now reduced. I have already applied in original band & amount stands blocked already. What should I do?

"If you are still interested in the IPO, you don't have to do anything. When you get the allotment of shares, only the required amount will be taken from the blocked amount. If you are no more interested in the IPO, you can always withdraw the application when bidding is in progress."

I have not marked cut-off but has given bid price at upper band in an IPO application. Does it make any difference?

Cut-off is a facility available for retail investors in the book building issues wherein the price is not fixed and investors have to bid within a predetermined price range. Marking the cut-off means that you're willing to buy shares at any price set during the allotment process. Your bid price in your application makes no difference.

Can I place a buy order during after hour session before the listing date of an Upcoming IPO?

IPO stock can be bought before or after the underwriting broker sets the opening price. To buy the stock before the price is set, you must be a professional investor or have a special relationship with management. However, these investments are generally in very large amounts in the millions of dollars. They are also more risky than a stock market investment because the shares are much more difficult to sell before the IPO.

Can we sell the stock allotted to us in a ipo before the stock gets listed?

No, you cannot sell the stock before it gets listed.

An IPO or an Initial Public Offering, can no doubt be a lucrative investment opportunity for a variety of investors in the stock market. However, like all investments, any potential IPOs should first be researched and thoroughly vetted by the investor. You too can start investing in the various IPOs available on the stock market by opening a demat account and trading account with Libord Brokerage Pvt. Ltd.