IPO Bidding Time Limit on Last day (IPO Closing Day)

The cut-off time for applying in an IPO on the last day is the time until which an investor can bid for IPO shares on the closing day of the public offering.

While the IPO bidding systems of the BSE and NSE exchanges are open from 10 a.m. to 5 p.m., most banks or brokers stop accepting IPO applications around 2 p.m. to 4 p.m. on the last day.

It is important to know the cut-off time for IPO applications because:

• Most retail investors apply for IPO shares on the last day after seeing the response from HNI and QIB investors.
• The cut-off time for IPO applications on the last day varies from bank to bank.

Note:

• The cut-off time for IPO application applies only to the last day of the offering for an IPO. On other days, you can submit an IPO application online through ASBA at any time during the offering window starting at 10 a.m. on the first day of the offering.
• Exchanges sometimes extend the deadline on the last day. The extended deadline may vary depending on the investor category (QIB, NII or retail investor).