Any Indian resident with a valid PAN card, a Demat account, and an active bank account can apply. Non-Resident Indians (NRIs), Hindu Undivided Families (HUFs), partnerships, and companies can also participate in IPOs under different investor categories.

Yes, a minor can apply for an IPO, but the Demat account must be in the minor's name and operated by a parent or legal guardian. The bank account used for IPO applications should also be linked to the minor's PAN.

You can apply through the ASBA (Application Supported by Blocked Amount) facility via your bank's net banking portal or through stockbrokers like Zerodha, Groww, and Upstox using UPI-based applications.

IPO applications are generally open for 3 to 5 working days. For retail investors applying through UPI, applications must be submitted and approve UPI mandate before 5 PM on the last day, while ASBA-based applications via banks may be closed slightly earlier.

Yes, you can cancel a Retail IPO application after bidding typically during the IPO subscription period ends. However, note that NII (Non-Institutional Investors) applications, which includes small and big HNI applications, and QIB (Qualified Institutional Buyers) applications cannot be cancelled once submitted.

No, you cannot submit multiple applications for an IPO using the same PAN, if done, both the applications will be rejected. However, you can apply through multiple Demat accounts in different family members' names to increase your chances of allotment.

Not necessarily. In the retail and NII category of Mainboard IPO, allotment is done through a lottery system. If the IPO is oversubscribed, applying for a single lot or multiple lots has the same probability of getting allotted. However, in cases of low subscription, applying for more lots can result in a higher allotment.

An individual can apply under three categories:

• Retail Category: Minimum application is one lot (typically ₹10,000-₹15,000), and the maximum application is ₹2 lakh.
• Small High Net-Worth Individual (SHNI) Category: Application ranges from ₹2 lakh to ₹10 lakh.
• Big High Net-Worth Individual (BHNI) Category: Application starts from ₹10 lakh with no upper limit.

The Grey Market Premium (GMP) is the unofficial price at which an IPO trades in the grey market before listing. It indicates potential listing performance a positive GMP suggests a profitable debut, while a negative GMP signals a possible discount on the listing day.

You can check IPO allotment status on the registrar's website (Link Intime or KFintech) or stock exchanges (BSE/NSE) by entering your PAN or application number. Direct links to the allotment portal are available on IPO360's respective IPO pages.

Refunds for unsuccessful IPO applications are processed within 2-3 days after allotment. If you applied via UPI, the blocked amount is released automatically. If you used ASBA, your bank will unblock the amount.

Yes, HUFs can apply in the retail or HNI category, while partnerships and companies can apply in the non-institutional investor (NII) category. These entities must have a Demat account in their name to participate in an IPO.

In mainboard IPOs, both Retail and NII (SHNI & BHNI) categories follow a lottery-based allotment system. To maximize your chances of allotment and profitability, you can use IPO360's "Allocate Funds Tool". This tool helps determine the best investment mix based on available funds, Demat accounts, category-wise subscription levels, and Grey Market Premium (GMP).