IPO News — Listings & Updates

You can apply through your demat account via ASBA (Application Supported by Blocked Amount) on your bank's net banking portal, or through UPI-based applications on broker apps like Zerodha, Groww, or Angel One. For UPI applications, you place a bid through the broker, approve the mandate on your UPI app, and the money gets blocked in your bank account until allotment. If you do not get shares, the blocked amount is released automatically.

GMP is the unofficial premium at which IPO shares trade in the grey market before listing. A high GMP suggests strong demand and a likely listing gain. However, GMP is unregulated, can be manipulated, and changes rapidly. It is directionally useful — a consistently high GMP usually means the IPO will list well — but the final listing price can differ significantly. Do not base your investment decision solely on GMP without checking the company fundamentals.

Look at the company's revenue growth, profitability, and whether the business is genuinely scalable. Check the price-to-earnings ratio versus listed peers in the same sector. Read the objects of the issue — is the money being used for growth or mostly for existing shareholders to cash out (offer for sale)? Review promoter background, debt levels, and any legal or regulatory risks mentioned in the DRHP. Subscription numbers and anchor investor interest also signal institutional confidence.