IPO Apply Time in India for Retail Investors

The IPO application time for retail investors in India is from 10:00 AM to 5:00 PM, which is the official window set by stock exchanges. Retail investors can apply for IPO upcoming IPOs daily during this time frame.

However, most banks and brokers have their own earlier IPO cut-off times on the last day. It is generally between 2:00 PM and 3:00 PM. This is to ensure all applications are processed and forwarded to the exchange before the final deadline. 

One of the most important things to remember here is that the timing can vary. So, it is best to apply well before your bank or broker’s cut-off time to avoid missing out on your IPO application being accepted.

IPO Apply Time on Last Day for Different Platforms

As we’ve already discussed, the IPO bidding time varies based on the platform. So here’s a quick look at the IPO application time cut-offs across different banks and platforms. Submitting your application before the deadline ensures it gets processed on time:

Why Does the IPO Apply Time on Last Day Matter?

The last day of an IPO subscription is the final chance for investors to submit their bids. Missing this cut-off can mean your application is not considered, even if you submit it before the exchange’s deadline. Hence, the reasons why it is so important are:

• Processing Time: Banks require adequate time to verify and process applications, block funds via ASBA, and forward bids before the exchange’s deadline.

• Avoiding Rejections: Applications received after the IPO bidding time are typically not processed, leading to automatic rejection.

• Minimizing Technical Risks: Applying well before the cut-off reduces the chance of failures caused by server overloads or connectivity problems.

• Ensuring Fair Allotment: Timely applications are essential to be included in the allotment process, especially in oversubscribed IPOs.

By adhering to the last day cut-off, investors can confidently participate in upcoming IPOs without risking their bids being excluded due to timing issues.

Practical Tips for Last Day IPO Applications

• Apply early in the day, ideally before 2:00 PM or 3:00 PM, depending on your bank’s cut-off time.

• Check your bank or broker’s official IPO cut-off time well in advance.

• Avoid waiting until the last hour to reduce the risk of application failure due to high traffic or technical delays.

Conclusion

The IPO apply time may seem like a small detail, but it plays a big role in your investment journey. With fixed exchange timings and varying bank cut-offs, knowing exactly when to apply helps you avoid last-minute issues. 

Whether you’re a first-time investor or a regular applicant, don’t wait till the end. Check your bank’s timing, plan, and submit your bid with enough buffer. A timely application ensures your spot in the game because in IPOs, every minute counts.

FAQs

Q1. Can I apply for IPO after 3.30 PM?

No, IPO applications are not accepted after 3:30 PM. While the stock exchanges officially close bidding at 5:00 PM, most banks and brokers stop accepting applications much earlier, usually between 2:00 PM and 3:00 PM. Always check your bank's cut-off time and apply well in advance.

Q2. Can I approve an IPO mandate after 5 PM?

It depends on the platform and the mandate expiry time. UPI mandates should ideally be approved before 5:00 PM on the last day of bidding. If you delay, your IPO application might not be counted, even if submitted on time. Approve the UPI request as soon as you receive it.

Q3. Can I apply for IPO 2 times?

No, multiple IPO applications using the same PAN number are not allowed. Submitting more than one bid for the same IPO using the same PAN can lead to rejection of all applications. Submit only one valid bid per IPO per PAN.

Q4. When is the right time to go for an IPO?

The best time to apply is on any day of the IPO window between 10:00 AM and your bank's cut-off time. Avoid the last day rush. If possible, apply on Day 1 or Day 2 to ensure smooth processing and to avoid technical delays or missed cut-offs.

Q5. Can I apply for various yet different IPOs with one demat account simultaneously?

Yes, you can apply for multiple IPOs with the help of the same demat account as long as each application is for a different IPO. However, remember to place only one application per IPO per PAN.