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IPO

What is an IPO?

An IPO (Initial Public Offering) is when a private company offers shares to the public for the first time to raise capital and get listed on the stock exchange.

How to Apply for an IPO on Firstock

  1. Log in to your Firstock account (app or web).
  2. Click ‘More’ > ‘IPO’ to view open IPOs.
  3. Choose an IPO and click ‘Apply’.
  4. Enter your UPI ID, select quantity (in lots), and price (if applicable).
  5. Submit and approve the UPI mandate in your UPI app to block funds.
  • Timing: Apply between 10:00 AM and 5:00 PM on trading days.
  • Fees: No charges for IPO applications via Firstock.

Checking IPO Status

  • Check application and allotment status using your PAN, application number, or DP ID on the registrar's, NSE, or BSE website.
  • Mandate Delays may happen due to incorrect UPI ID or peak traffic.
  • Approve mandates under “Pending Mandates” in your UPI app (like PhonePe or Google Pay).
  • If not allotted, funds are unblocked by the listing date.

Eligibility & Categories

  • You can apply under retail, employee, or shareholder categories, if eligible.
  • NRIs can apply using UPI-linked NRE/NRO accounts (if supported by the bank).

Other Key Info

  • No modification of application after submission. Submit a new application.
  • Lot size varies per IPO and is listed in the IPO prospectus.
  • SME IPOs can also be applied for via Firstock.
  • RTA (Registrar and Transfer Agents) handle application processing and refunds.

ASBA & UPI ASBA

  • ASBA: Blocks IPO amount in your bank until allotment.

UPI ASBA: Requires a UPI ID linked to a bank listed as an SCSB (Self-Certified Syndicate Bank). If shares aren't visible post-allotment, it could be due to sync delays between CDSL and Firstock, and they should appear by the listing date.

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