IPO Learning Centre

Understand the IPO process before reading the numbers.

Clear explanations of bidding, subscription, allocation and issue structure—without application calls or grey-market speculation.

Interactive explainer

Calculate IPO subscription and illustrate retail allotment pressure

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Demand and bidding

IPO Subscription Explained

Understand IPO subscription figures across QIB, NII, retail, employee and shareholder categories—and what the numbers do not tell you.

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Allocation and probability

IPO Allotment Explained

Learn how IPO shares are allocated, why oversubscribed retail allotment resembles a lottery, and how to check allotment status safely.

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ASBA, UPI and bidding

How IPO Applications Work

A practical guide to IPO applications, ASBA, UPI mandates, cut-off bids, lot sizes, modifications and common failure points.

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Market structure and risk

Mainboard IPO vs SME IPO

Compare Mainboard and SME IPOs across application size, liquidity, disclosure frequency, market making and post-listing risks.

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Fresh issue, OFS and proceeds

IPO Issue Structure Explained

Understand fresh issues, offers for sale, dilution, promoter selling, anchor investors, employee reservations and use of proceeds.

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This learning centre provides general information, not a recommendation to apply for, buy, sell or hold any security. Rules and operational timelines can change; verify the current offer document, exchange notice, registrar information and intermediary cut-offs.