How does bid work in IPO?

Once the application is made at Cut off, the investor has to bid at the highest price band. The excess amount, in case the price is lower, the excess amount is refunded. Thus, retail investors are requested to bid at either cut-off or maximum price to increase Go Fashion IPO allotment chances.

How long after IPO can you sell?

The IPO is a bit of a hurry-up-and-wait, as employees usually can’t sell their stock for up to 180 days. This is called a lock-up period, and is meant to prevent employees from all dumping their stock and depressing the stock price.

What if IPO amount is not refunded?

If someone is not received IPO refund, there are few easy step which one can follow to get IPO refund. 1. Visit Registrar’s local office or call your nearest branch to file a written complain. Make sure that you have a written application ready with all the detail before contacting Registrar’s office.

What happens to your money when an IPO goes public?

In any event, the insiders can sell all of their shares after a lock up period, typically 30 to 90 days after the IPO and this could drive the price down as it has for other tech stocks. In short, in an IPO, smart money is selling to less informed investors and the individuals chasing the excitement are among the most likely to suffer losses.

What happens if I don’t get IPO allotment?

If you get allotment , money will be deducted and if you don’t get allotment money will be unblocked. For instance if you apply IPO worth 15,000 from your bank account which has 15,100 rupees , when you check your balance it will just show 100 rupees.

How do I apply for an IPO through UPI?

All you are required to do is provide a UPI ID linked to your bank account. You can either use an existing UPI ID or create a new one. Once you have applied for the IPO, your broker uploads the bid details onto the stock exchange’s platform, and the applicant’s UPI ID is also shared with the escrow bank.

What is ASBA in IPO application form?

ASBA ( The first you need to know is that when you apply for IPO through your bank account, the amount for which you have applied will be blocked in your account. It won’t get debited form your bank account until and unless you are allotted with the shares.