IPO Centre
Track which issues are open, how each investor category is bidding, and learn to read the numbers the way an analyst does.
Source: NSE India public market data. Updated 27/7/2026, 9:37:45 pm. The board refreshes every few minutes while open and reloads fresh exchange data each day. Figures may be delayed and are shown for learning only.
Showing 5 of 5 issues.
XTRANET · Mainboard · EQ
INDOMIM · Mainboard · EQ
LCL · Mainboard · EQ
PROPSHOP · SME · SME
Who is bidding
Banks, mutual funds and other large institutions
High net worth investors applying above ₹2 lakh
MANIPALHOS · Mainboard · EQ
| Company | Symbol | Issue price | Listing date | Listed price |
|---|---|---|---|---|
| Metalic Technoforge Limited | METALIC | - | - | See live price |
| Happy Steels Limited | HAPPY | 66 | 16-JUL-2026 | See live price |
| IC Electricals Company Limited | ICELCO | 99 | 10-JUL-2026 | See live price |
| Teja Engineering Industries Limited | TEJA | 220 | 07-JUL-2026 | See live price |
| Vinit Mobile Limited | VMOBILE | 158 | 07-JUL-2026 | See live price |
Investors have bid for 3.4 times the shares on offer in that category. It shows demand, not quality, and it does not predict listing price.
QIB are qualified institutional buyers such as mutual funds and insurers. NII are non-institutional or high-net-worth investors. RII is the retail category with applications up to ₹2 lakh.
If the retail portion is oversubscribed, allotment is done by lottery, so applying for more lots does not increase your chance beyond one lot per PAN.
The price band is the floor-to-cap range at which bids are accepted. A lot is the minimum number of shares you must apply for in one application.
No. Subscription reflects short-term demand. A study of the prospectus, financials, valuation and use of proceeds matters far more, and none of this is a recommendation.
Written for someone who has never applied before. Follow the checklist, then the 11 steps. Every rule below follows the standard SEBI UPI-ASBA process used by all Indian brokers.
Shares are held electronically, so you need a demat account with any SEBI-registered broker. Opening it is free and takes about 15 minutes with PAN + Aadhaar.
Retail IPO applications are made through UPI. The UPI ID must belong to a bank that is on the SEBI list of UPI-enabled IPO banks (most large banks are).
The amount is not debited when you apply. It is only blocked (ASBA). It stays in your account and earns interest until allotment.
Only one application per PAN is allowed in the retail category. Multiple applications on the same PAN get rejected.
No demat account yet? Open a free one on Groww in about 15 minutes, then come back and apply. Referral code A2X4UQ.
An IPO accepts bids for roughly 3 working days. On the IPO Centre above, any issue marked Open is accepting applications right now. Note its price band, lot size and closing date.
Tip: Upcoming issues cannot be applied for yet. Set a reminder for the opening date.
Open the RHP (Red Herring Prospectus) linked on the exchange or SEBI site. At minimum skim: what the company does, revenue and profit for the last 3 years, how the IPO money will be used, and the risk factors section.
Tip: If you cannot explain the business in one sentence, that is a signal to slow down, not to hurry.
In Groww, tap Investments then IPO. You will see Open, Upcoming and Closed issues. Tap the issue you want and press Apply.
Tip: Same flow exists in every broker app and in most bank net-banking portals under ASBA / IPO.
Exact dates differ per issue and are shown on each IPO card above. Working days only.
Price band ₹95 to ₹100, lot size 150 shares. You apply for 1 lot at cut-off, so ₹100 × 150 = ₹15,000 is blocked in your bank account. If the final issue price is ₹100 and you are allotted, ₹15,000 is debited and 150 shares reach your demat. If the stock lists at ₹115, the notional gain is (115 − 100) × 150 = ₹2,250 before brokerage, taxes and charges. If it lists at ₹88, the notional loss is ₹1,800. If you are not allotted, the ₹15,000 block is simply released.
Educational content only. VIA Capital does not recommend any IPO and gives no investment advice. Process steps follow the public SEBI UPI-ASBA framework and can be revised by the regulator or your bank. Always confirm details in the issue documents and with your broker. The Groww link is a referral link.
Open a free demat account on Groww and start investing in mutual funds, stocks, ETFs, and IPOs. Use the referral code below.
How to register in 6 steps
A demat account holds your shares and mutual funds in electronic form. Combined with a trading account, it lets you buy and sell stocks, apply for IPOs, and invest in mutual funds online.
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