Current IPO

What are Current IPOs?

Current IPOs are public issues that are presently open for subscription or are scheduled to open soon. Through an Initial Public Offering (IPO), a private company offers its shares to the public for the first time and gets listed on a stock exchange.

IPOs today are popular among investors who wish to invest in the growth journey of a company from an early phase. Current IPOs give investors an opportunity to evaluate investment options, compare different issues, and understand a company's fundamentals before deciding whether to apply. An investor can analyse important factors like price range, lot size, etc.

Who Can Invest in an IPO?

The following types of investors can invest in an IPO:

1. Retail Individual Investors (RIIs)Resident Indian individuals can apply for an IPO under the retail category.Applications must fall within the prescribed retail investment limit.A valid PAN, demat account, and bank account are required.
2. Non-Institutional Investors (NIIs)Investors applying above the retail investment limit can apply under the NII category.This category generally includes high-net-worth individuals (HNIs).
3. Qualified Institutional Buyers (QIBs)Banks, mutual funds, insurance companies, and other eligible institutions can participate under this category.A portion of the IPO is reserved specifically for QIBs.
4. Eligible NRIsNon-Resident Indians can invest in selected IPOs, subject to applicable regulations.Investments can be made through eligible NRE or NRO accounts.

How to Apply for an IPO with InCred Money?

Applying for an IPO through InCred Money is simple and completely online. Follow these steps:

1. Step 1: Log in to InCred MoneySign in to your InCred Money account using your registered mobile number or credentials.
2. Step 2: Visit the IPO SectionGo to the IPO section to view the latest and current IPOs available for subscription.
3. Step 3: Select an IPOChoose the IPO that matches your investment goals and review its details carefully.
4. Step 4: Enter Bid DetailsSelect the number of lots and enter your preferred bid price within the available price band.
5. Step 5: Complete UPI MandateProvide your UPI ID and approve the mandate request received on your UPI application.
6. Step 6: Submit the ApplicationReview the information and submit the IPO application.
7. Step 7: Track Allotment StatusOnce the IPO closes, investors can track allotment updates and listing details through the platform.