Pocketful's Current IPO page gives you complete and updated information on currently open IPOs today, latest IPO issues, and recent IPOs in India, all in one place. Here you can see which IPOs are currently open for subscription, their price band, lot size, issue size, and closing date. This page provides essential data in simple language, so you can make informed investment decisions at the right time.

What is the Current IPO?

Current IPO means the IPO which is currently open for investment and in which investors can apply within the stipulated date. IPO (Initial Public Offering) is the process when a company issues its shares to the general public for the first time and gets listed on the stock exchange.

For example, if a company opens its IPO from 10th to 12th March, then that period will be called “Current IPO”. During this time, investors can apply by looking at information like price band, lot size and issue size.

Key Information Available in Every Current IPO

Whenever a current IPO opens, some important information related to it is available for investors.

How to Apply for a Current IPO Online

Applying for the current IPO is completely online and simple. You can apply for the IPO through either the Pocketful mobile app or website. You must have a Demat account, a Trading account, and a bank account to apply.

IPO applications can be made in two ways - UPI and ASBA.

Apply for IPO via Pocketful App/Website (UPI Method)

Steps:

• Login to the Pocketful app or website.
• Go to the IPO section and select the current IPO.
• Enter the lot size and bid price (or cut-off).
• Enter your UPI ID.
• Approve the mandate request in the UPI app.
• The application will be successfully submitted.

Note: Applications are typically accepted until 5 p.m. on closing day, but the UPI mandate must be approved on time.

IPO Apply via ASBA (Bank Method)

In ASBA (Application Supported by Blocked Amount), the amount is blocked in your bank account, not deducted.

Steps:

• Login to your net banking account.
• Go to the IPO / ASBA section.
• Select an open IPO.
• Enter the lot size and bid price.
• Confirm the application the amount will be blocked in the account.
• The amount is debited only upon allotment; otherwise, the blocked amount is released.

Factors to Consider Before Applying for a Current IPO

Company Fundamentals: Before investing in an IPO, be sure to examine the company's revenue growth, profitability, debt level, and cash flow. Financial performance over the past 3-5 years should be stable or increasing. It's important to understand the company's standing in its sector and its robust business model. Consistent losses or high debt can increase risk.

Purpose of IPO (Funds Utilization): The purpose of the IPO (Funds Utilization) should be clear. If the funds raised through the IPO are going towards business expansion, debt repayment, or growth projects, this is a positive sign. However, if a large portion of the issue is an Offer for Sale (OFS), existing investors selling their stakes, don't ignore this.

Valuation and Price Band: Compare the IPO's price band and the company's valuation to other companies in the sector. Pay particular attention to the PE ratio and other ratios. Applying at a very high valuation can limit listing gains. A reasonable valuation provides a better risk-return balance.

Subscription Data and Market Conditions: The amount of subscriptions in the Retail, HNI, and QIB categories of an IPO indicates demand. The Grey Market Premium (GMP) is only an indicator, not a guarantee. Also, considering current market conditions a strong market may lead to a favorable listing, while a weak market may lead to pressure.

Benefits of Applying for Current Open IPOs with Pocketful

Easy and Completely Online Application: You can apply for current IPOs directly through both Pocketful's app and website. The entire process is digital, saving time and simplifying the application process.

Complete IPO Information in One Place: Here you get updated information on IPOs, latest IPO issues, and recent IPOs in India. Important details like price band, lot size, issue size, opening and closing dates are clearly available.

Real-Time Subscription Data: During the IPO, the data on the number of subscriptions in the Retail, HNI, and QIB categories is updated periodically, making it easier to gauge demand.

Fast UPI and Secure: You can instantly approve mandates through UPI, which is secure and as per SEBI regulations.

Application and Status Tracking: Once you apply, you can easily track the status of your IPO application and subsequent allotment status on the same platform.

Transparent and Organized Interface: All information is available in a clear and organized manner, making it easy to perform necessary comparisons and analysis before investing.

Why Should You Invest in Current IPOs?

Early-stage investment opportunity: Investing in a current IPO allows you to enter a company when it first goes public. This offers the potential to benefit from initial growth.

Potential Listing Gains: If the IPO receives strong subscriptions and market conditions are favorable, the stock may open at a premium on listing day. This could provide an opportunity for short-term gains.

Long-term Growth: Companies with good fundamentals and strong business models can deliver superior returns to investors over time.

Portfolio Diversification: Through an IPO, you can add new sectors or emerging companies to your portfolio, which helps balance risk.

Transparent Price Discovery: Pricing in an IPO is determined through a price band and book-building process, which makes pricing relatively transparent.

Regulatory Oversight: The IPO process is governed by SEBI regulations, which ensure disclosures and investor protection.However, every IPO also involves risk, hence it is essential to do a proper analysis of the company and valuation before investing.

Tips to Increase Your Chances of Current IPO Allotment

Allotment in an IPO depends entirely on demand and investor category. Especially when a current IPO is oversubscribed, allotment is done through a lottery system. The methods below are practical and can really improve your chances.

Applying Correctly in the Retail Category: Applications up to ₹2 lakh fall under the Retail Individual Investor (RII) category. In case of oversubscription, allotment in retail is done through a lottery. In such cases, applying for a single lot is often a practical strategy, as the system makes allotments based on the number of valid applications, not the investment amount.

Bidding at the Cut-Off Price is Better: Choosing the Cut-Off option keeps your application valid even if the final issue price is set at the upper end of the price band. If you bid a lower price and the final price is set above that amount, your application may be rejected.

Valid Applications with Different PANs: As per the rules, each eligible family member can apply with a separate PAN and a separate demat account. Multiple applications using the same PAN may result in rejection of all applications, so avoid this mistake.

Don't Delay Applications: Applying on the last day or in the final hours runs the risk of the UPI mandate being pending or expiring. It's best to complete the application on the first or second day of the IPO opening and ensure the mandate is approved on time.

Make Decisions Based on Subscription Data: Subscriptions in the Retail, HNI, and QIB categories indicate allotment potential. If there is significant oversubscription in the retail segment, allotment may be difficult.

Ensure technical accuracy in the application: Fill in information such as PAN, DP ID, Client ID, and UPI ID correctly. Even a small error can lead to application rejection.

How to Check IPO Allotment

Allotment is usually finalized within 2–3 working days after the IPO closes. You can then check your allotment status using the following methods:

From the Registrar's Website

A Registrar is appointed for every IPO.

Steps:

• Visit the official website of the Registrar of the respective IPO.
• Select the IPO name.
• Enter your PAN number/Application number/DP ID/Client ID.
• Submit and check your status.
• This is considered the most straightforward and official method.

From the Stock Exchange (NSE/BSE) Website

You can also check your allotment status on the NSE or BSE website.

Steps:

• Go to the IPO allotment section of the NSE or BSE.
• Select the IPO.
• Enter your PAN or application details.
• Submit and check your status.