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Last day on which the IPO issue is closed to the public for bidding.
The Bid/Offer Closing Date is the last day investors submit their bid or application to participate in the IPO. The IPO Closing Date refers to the deadline set by an issuer for receiving bids/applications from potential investors.
Investors must submit their bids by this date or purchase the shares before 5 p.m. on the closing date. This date is set by the issuer of the securities and is usually specified in the offer documents. After this date, no further bids or offers are accepted, and the process moves to the next stage, e.g., allotment of securities. After allotment, trading of the shares on the stock exchange begins.
For Example, In the below-mentioned Popular Vehicles & Services IPO Timeline, the IPO Closing Date is March 14, 2024.
| IPO Open Date | Tuesday, March 12, 2024 |
| IPO Close Date | Thursday, March 14, 2024 |
| Basis of Allotment | Friday, March 15, 2024 |
| Initiation of Refunds | Monday, March 18, 2024 |
| Credit of Shares to Demat | Monday, March 18, 2024 |
| Listing Date | Tuesday, March 19, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 14, 2024 |
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