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What happens after a bid for an IPO is placed?
- Bid Submission Once you place a bid, it's sent to the exchange.
- Bank Interaction The exchange forwards the bid to the bank through the National Payments Corporation of India (NPCI). Here, the UPI app is used to request the mandate.
- UPI Mandate Approval Upon approval of the UPI mandate, your IPO application is considered complete.
- Application Assessment The company's registrar evaluates your application during the share allotment process.
- Share Allotment If shares are assigned, they'll be credited to your demat account one or two days before the listing date.
- Non-Allotment & Unblock In case shares are not allotted, the blocked amount is unblocked in your bank account.
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