Guides and explainers

IPO guides

New to IPOs? This is where to start. These guides explain how an IPO works in India, from opening the right account to what happens on listing day. You will find step-by-step help on applying through UPI or ASBA, how lot size and price band work, how allotment is decided and how to check your status. We also cover the differences between mainboard and SME issues, and what minors and first-time investors should know. Every guide uses official rules from SEBI, NSE and BSE and shows the date it was last checked. We explain how the process works and what to look at in an issue. We do not tell you which IPO to buy, and nothing here is investment advice. Read the guides in order if you are new, or jump to the question you have. Clear data, never tips.