Apply for IPO at No Cost!

An IPO is when a company offers its shares to the public for the first time to raise capital.

Applying for an IPO with Jainam is simple and can be done in just three steps:

• Open your Jainam account.
• Select an IPO from the current IPO list.
• Place your bid with just one click.

IPOs are offered in lots of shares that vary based on the specific IPO and its application type, meaning there is no fixed minimum amount. However, an IPO bid can range from a few thousand to several lakhs. Generally, mainboard IPOs have lower investment requirements than SME IPOs.

IPO allotment depends on the number of applications and the subscription status. If an IPO is oversubscribed, allotment is determined through a lottery system.

In a fixed-price IPO, the share price is predetermined and announced in advance. In a book-building IPO, the price is set within a specified range, and the final price is determined based on investor demand.

You can sell IPO shares once they are listed on the stock exchange.

Investing in an IPO carries risks such as price volatility, oversubscription, and uncertainty regarding the company’s future performance.

You can check your IPO allotment status on the registrar’s website or through your broker’s platform.

HNI should bid before 4pm on the last date of IPO.