IPO Guides for Indian Investors
Plain-English, practical guides to Indian IPO investing — grey market premium, UPI and ASBA applications, SME vs mainboard issues, and allotment mechanics. No jargon left unexplained, no hype.
All Guides
What is GMP? Grey Market Premium Explained
What grey market premium actually measures, how India's unofficial pre-listing market operates, what kostak and subject-to-sauda deals are, and — using recent listings like CMR Green Technologies (+43% debut vs ~35% GMP) — how reliable GMP really is as a signal.
How to Apply for an IPO: UPI & ASBA Step by Step
Every step of a UPI application through a broker app and an ASBA application through net banking, the retail vs sNII vs bNII categories and their limits, what bidding at the cut-off price means, the T+3 listing timeline, and the mistakes that get applications rejected.
SME vs Mainboard IPOs: The Full Comparison
Why an SME lot can cost Rs 2.5 lakh while a mainboard lot costs under Rs 15,000, how BSE SME and NSE Emerge listing rules differ from the main exchanges, and what lower liquidity, lighter disclosure and wilder listing swings mean for your risk.
IPO Allotment Tips: How to Improve Your Chances
How the computerised retail lottery actually works in an oversubscribed issue, why one-lot applications from multiple family PANs beat one large bid, which registrar pages to check (Link Intime, KFin, Bigshare), and what genuinely does not help.
New to IPOs? Read in this order
Learn the application process
Start with How to Apply for an IPO — demat account, UPI mandate, ASBA, cut-off price and the T+3 timeline. Everything else builds on this.
Understand the signals
Then read What is GMP? so you know what the premium numbers on our GMP page do — and do not — tell you about likely listing performance.
Pick your battles
Finish with SME vs Mainboard and Allotment Tips to decide which issues fit your budget and how to apply smartly.