What happens after I place an IPO bid?

  1. Your bid is submitted to the exchange

  2. Exchange forwards it to the sponsor bank via NPCI

  3. UPI mandate request is sent to your app

  4. Upon mandate approval, your application is complete

  5. The required amount is blocked from your bank account.

  6. The registrar evaluates your application during allotment

  7. If allotted, shares are credited 1-2 days before listing and the amount is deducted from your account.

  8. If not allotted, the amount is released.