What are the timings to place an IPO bid?

1. During the IPO Period:

All trading days (Monday-Friday) between 10:00 a.m. and 5:00 p.m.
After a bid is placed, it has to be verified and submitted to the exchange within the order placement window timing. Only after this will you receive the mandate request to block funds. This may take up to a few minutes.

2. Issue Close Day:

Bids are accepted only till 3:00 p.m. and may be extended (subject to the exchange bidding time).

In the case of net banking ASBA applications, the IPO order placement timing on the last day depends on the bank used to make the application. While the stock exchanges accept orders till 5:00 p.m., banks require applications to be submitted by 2:00/3:00 p.m. on the last day. They use the remaining time to process and submit these bids to the exchanges. Investors are required to check the timings with their respective banks.

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