IPO Tracker

Track live GMP, real-time subscription status, allotment links, and listing gains on NSE and BSE
Track live GMP, real-time subscription status, allotment links, and listing gains on NSE and BSE
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The IPO Lifecycle: From Filing to Listing

Every public offering progresses through 6 sequential milestones under SEBI regulations.

1

DRHP Filing

Company submits Draft Red Herring Prospectus to SEBI for regulatory review.

2

SEBI Approval

SEBI issues observation letter. 12-month window begins to launch the issue.

3

Price Band

Dates and price band are announced. Grey Market Premium (GMP) starts.

4

3-Day Bidding

Subscription window opens for QIB, NII, and Retail investors to place ASBA bids.

5

Allotment

Registrar finalises share allotment via computerised lottery for oversubscribed tranches.

6

Listing

Shares get credited to demat accounts and commence official trading on NSE/BSE.

Mainboard vs SME IPOs: Key Differences

Understand structural differences, ticket sizes, and liquidity profiles.

Mainboard IPOs (NSE / BSE)

Established Leaders
Min Application≈ ₹14,000 - ₹15,000
Listing ExchangeNSE & BSE Main Board
Reporting MandateQuarterly Financials
Post-Listing Trading1 share lot liquidity

Mainboard offerings feature mature business models, institutional anchor participation, and strict SEBI profitability norms.

SME IPOs (NSE Emerge / BSE SME)

High Growth Universe
Min Application≈ ₹1,00,000 - ₹1,40,000
Listing ExchangeNSE Emerge & BSE SME
Reporting MandateHalf-Yearly Financials
Post-Listing TradingLot size trading (1000+ shares)

SME platforms cater to emerging enterprises with higher growth momentum and mandated market maker liquidity support.

Pro Investor Tip: GMP (Grey Market Premium) is an informal sentiment gauge, not a guaranteed return. Always cross-reference GMP trends with Day 3 QIB subscription multiples and company balance sheet fundamentals before applying.

Frequently Asked Questions

What is IPO GMP and how is it calculated?

IPO GMP (Grey Market Premium) is the unofficial price premium at which shares trade in the unofficial market before listing. It is calculated as Grey Market Price minus Issue Price. A GMP of ₹80 on a ₹200 issue price implies an expected +40% listing premium.

How do I check IPO allotment status by PAN?

Visit the registrar's website (KFintech, Link Intime, or Bigshare), select the IPO name, enter your PAN number, and submit. Allotment status can also be verified on BSE and NSE direct IPO portals.

What does IPO subscription status indicate?

Subscription status measures total bidding demand relative to available shares. It is segmented across QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors/HNIs), and Retail categories. Heavy QIB bidding on Day 3 is the strongest indicator of institutional confidence.

What is the difference between Mainboard and SME IPOs?

Mainboard IPOs list on NSE/BSE main exchanges with minimum post-issue capital requirements (₹10-25 Cr+), comprehensive disclosure mandates, and smaller retail lot sizes (approx. ₹15,000). SME IPOs list on NSE Emerge / BSE SME platforms with higher lot sizes (typically ₹1,00,000 - ₹1,40,000) and elevated risk-return profiles.

When does share allotment happen after bidding closes?

Under the T+3 listing framework mandated by SEBI, allotment is finalised within 1-2 working days after the issue closing date, followed immediately by refund initiation and demat credit.

What is IPO listing gain?

Listing gain is the percentage difference between the opening trade price on listing day and the original issue price. For instance, a stock offered at ₹100 listing at ₹135 delivers a +35% listing gain.