Pocketful's Closed IPO page provides essential and updated information about recently closed IPOs in one place. Here you can clearly see which IPOs recently closed, their total subscriptions, expected allotment dates, and listing dates. This is the most crucial stage for investors after the IPO closes. This page provides practical and useful information to help you make your next investment decision without confusion.

What Are Closed IPOs?

A closed IPO is one whose subscription period has ended. In India, IPOs are typically open for three working days. During this period, retail, HNI, and institutional investors can place bids. As soon as the market closes on the last day, the IPO application window closes and no new applications are accepted after that.

If an IPO says "IPO Closed Today," it means the bidding process has ended today. The IPO process doesn't end there. A few important steps follow:

Closed IPO information is important because investors are now focused on allotment status, refund timeline, and listing date. Accurate and timely updates can help you make better investment decisions.

What Happens After an IPO Closes?

After the IPO subscription closes, a specific process begins. This entire process is conducted in accordance with SEBI regulations and stock exchange guidelines. Below, understand step-by-step what happens next:

Final Subscription Data Released: After the IPO closes, the NSE and BSE release final subscription figures. This indicates the number of subscriptions received in different categories QIB, HNI, and Retail to gauge demand.

Allotment Basis Determined: The company's registrar finalizes allotments based on oversubscription and lot size. A lottery system is often applied in the retail category if the IPO is oversubscribed.

Allotment Status Declared: After allotment is finalized, investors can check their status on the registrar's website or exchange portal whether they received shares or not.

Refund / Amount Unblocking: The blocked amount for investors who were not allotted shares is automatically unblocked. In case of partial allotment, the remaining amount is released.

Shares Credit: Shares received by allotment holders are credited to their Demat accounts before listing.

Listing on Exchange: Finally, shares are listed on the NSE and/or BSE. The listing price depends on demand and market conditions.

How to Check IPO Allotment

The most important question after the IPO closes is whether you received an allotment or not. Allotment is usually finalized within 3–4 working days of the IPO closing. You can easily check your status using the following methods:

On the Registrar's website

• A registrar is appointed for every IPO.
• Visit the Registrar's official website
• Select the IPO name
• Enter your PAN, Application Number, or DP/Client ID
• You will see your allotment status upon submission.
• This is considered the most straightforward and reliable method.

Through the NSE or BSE website

• Go to the IPO allotment section of the NSE or BSE
• Select the IPO
• Enter your PAN or required details
• The status will be displayed on the screen.

Through Pocketful: 

If you received an allotment, the shares will appear in your Demat account before listing. If allotment is not received, your blocked amount will be automatically unblocked.

How Can I Track the Performance of These Recently Closed IPOs?

The true valuation of an IPO begins after its listing. Simply looking at whether the shares opened at a premium or a discount isn't enough. To make the right decision, it's important to understand performance in a more structured way.

Understand the Difference Between Listing Price and Issue Price: First, consider the price at which the share listed and the issue price. If the listing price is above the issue price, it's called a listing gain. However, IPOs often list at a premium and then fall later. Therefore, conclusions shouldn't be drawn solely based on the first day's rise or fall.

Pay Attention to Listing Day Trading Activity: The first day's trading volume indicates market demand. If volume is strong and prices remain stable, it's considered a positive sign. However, if volume is high but prices are consistently falling, it could indicate profit booking.

Look at the Price Trend After Listing: To understand performance, it's important to look beyond one day. Pay attention to movements over at least 1 week and 1 month. If the stock is gradually stabilizing and not showing excessive volatility, this is considered healthy behavior.

Evaluate the Company's Financial Fundamentals: Along with short-term movements, the company's financial health is also important. Look at indicators such as revenue growth, profit trend, debt level, and return ratios. If fundamentals are strong, the stock may perform better in the long run.

Valuation and Compare to Peers: It's also important to understand the valuation at which the IPO was launched. If the company's P/E ratio is significantly higher than other companies in its sector, future growth may already be factored in. A balanced valuation reduces risk.

Understand Sector and Market Sentiment: The overall condition of the sector the company belongs to also affects performance. If the sector has growth potential and market sentiment is positive, the stock may find support.

IPO Refund Process

Two main payment methods are used today when applying for an IPO—ASBA and UPI. Refunds or releases after allotment are made through these two systems. It's important to understand the process properly.

How is a refund processed in the ASBA system?

In ASBA (Application Supported by Blocked Amount), your money isn't immediately debited from your bank account; it's simply blocked. This amount is held until the allotment is finalized.

• If you receive a full allotment, the amount of shares allotted is debited from your account.
• If you receive a partial allotment, only that amount is debited, and the remaining amount is unblocked.
• If you don't receive an allotment, the entire blocked amount is automatically released.

Typically, the lien is removed within 3–5 working days of the allotment being finalized. Investors don't need to submit a separate refund request.

How is a refund processed in the UPI system?

Retail investors often apply for a UPI mandate through a broker app. This process involves:

• After applying for an IPO, a mandate request is generated in the UPI app.
• Once approved, the amount is blocked in your bank account.
• Once the allotment is final, the amount is debited according to the allotted shares.
• If shares are not received, the mandate is automatically revoked and the blocked amount is released.

The refund process in UPI is also automatic and typically completes within 3-4 working days of allotment.

Important Points: Refunds or unblocking delays may occur in rare cases. In such a situation, first check the lien status in your bank statement. If the issue is not resolved, it is advisable to contact the IPO registrar.