IPO & Public Issues · Distribution
The whole primary market, on one desk.
Mainboard and SME issues applied for with a UPI block mandate, live subscription while the window is open, and allotment followed through to the credit — on your client’s phone and in their browser, with one bid book behind them for your branches. Buyback tenders and sovereign gold bond windows run the same path.
It carries your name, not ours.
- Mainboard and SME
- UPI block mandate
- One bid book
IPO & Public Issues is part of the Growth and Reach bundle, priced together with the other modules in it.
See pricingIn plain words
What an IPO desk actually is.
An IPO desk is what turns a public issue into something your branch can handle at the counter. The bid is placed on a screen rather than on a form, the money is blocked by a UPI mandate in the client's own bank account rather than paid across, and the bid goes to the exchange's book under your terminal.
What the broker gets out of it is not the screen — it is the register behind it. Every bid taken anywhere in your firm lands in one book you can sort, chase and reconcile, which is the difference between knowing where an issue stands and finding out on allotment day.
- A form filled in and signed at the branchA bid placed on the client's phone, or taken at the branch into the same register
- A cheque, or the bank's own ASBA formA UPI block in the client's own account — debited only against an allotment
- Subscription read in the next morning's paperLive subscription, retail against institutional, while the window is open
- Allotment chased across the registrar's website, client by clientThe basis of allotment applied to your own register, and checked against the credit
- Branch and sub-broker business added up at month endRead off the bid book as the issue runs
What your client gets
The whole application, paperless.
Four screens, on the phone and in a browser, under your brand. Nothing to post, nothing to countersign, and no amount leaving the client’s bank account until shares are actually allotted to them.
Apply with UPI
Pick the lots, bid at cut-off or at a price, submit, and approve the block request in the banking app. No cheque and no form — and the amount is blocked in the client’s own account rather than debited.
- UPI block mandate
- Mainboard and SME issues
- Cut-off or a bid price
Live subscription
How many times an issue has been subscribed, retail against institutional, while the window is still open. A client who can see the number bids on it instead of on what somebody told them.
- Live subscription status
- Retail and institutional split
- Price band and lot size
Open now, and coming up
What is open for bidding today and what opens next, with the listing dates against them — so the funds are planned a week out rather than found on the last morning.
- Open today
- Upcoming issues
- Listing dates
Buybacks and gold bonds
Buyback tender offers and sovereign gold bond windows run down the same primary-market path. A tender is not a separate errand for the client, and not a separate process for you.
- Buyback tender offers
- Sovereign gold bonds
- Every application tracked
Common questions
The eight that come up on the first call.
Everything you need to know about the primary market: how public issues work, price bands, UPI block mandates, allotment rules and listing timelines. If yours is not here, it is a better use of an hour than a slide deck — bring it to a walkthrough.
What is an IPO (Initial Public Offering)?
An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time to raise capital from investors and list on stock exchanges like the NSE and BSE. Once listed, the company's shares can be freely bought and sold by investors in the secondary market.
What is required to apply for an IPO?
To apply for an IPO, you need three basic requirements: an active Demat account, a valid PAN card, and a bank account linked to any UPI app (such as BHIM, Google Pay, PhonePe, or your banking app). The application is completed 100% digitally with no physical forms or cheques.
What is a cut-off price, price band, and floor price?
The price band is the bidding range set by the company, where the floor price is the minimum bid price and the cap price is the maximum. The cut-off price is the final price discovered at the end of the bidding process. Retail investors can select 'cut-off' so their bid automatically matches whatever final issue price is determined.
What is an IPO lot size?
A lot size is the minimum number of shares an investor must apply for in an IPO. Applications cannot be made for single shares; bids must be placed in exact multiples of the prescribed lot size (for instance, if 1 lot is 35 shares, bids must be for 35, 70, 105 shares, etc.).
What is ASBA and how does the UPI block mandate work?
ASBA (Application Supported by Blocked Amount) ensures that your funds remain in your own bank account while applying. With UPI-based ASBA, your bank places a temporary hold on the application amount via a UPI mandate. Money is debited only if you receive an allotment; otherwise, the block is automatically released.
What is the difference between a Mainboard IPO and an SME IPO?
Mainboard IPOs are for established companies listing on the primary NSE and BSE exchanges with minimum retail application sizes around ₹14,000 to ₹15,000. SME IPOs are for emerging small and medium enterprises listed on dedicated SME platforms (NSE Emerge and BSE SME), which require larger minimum investment lots (typically ₹1,00,000 or more).
How does share allotment work if an IPO is oversubscribed?
When total demand exceeds the shares offered, the issue is oversubscribed. In the retail category, SEBI mandates a computerised lottery process to allocate at least one minimum lot to as many unique applicants as possible. If not selected in the allotment draw, your blocked bank funds are released back to your available balance.
What is the typical timeline from IPO bidding to listing?
Under SEBI's T+3 listing framework, the full timeline takes three working days: on Day T the issue closes for bidding; on Day T+1 the registrar finalises the basis of allotment; on Day T+2 shares are credited to demat accounts and unblock instructions are processed; and on Day T+3 the stock begins active trading on the exchange.
The client application this module puts in front of your account holders is shown in full at PocketX, and the books the allotments settle against at depository back office.
The next step
Take it into the next issue.
Tell us how your clients bid today, how many branches take bids for them, and what your desk does on the morning the basis of allotment lands. We will walk you through the same screens they would use.
Or call +91 76765 83344