First day on which the IPO issue is open to the public for bidding.
The Bid/Offer Opening Date is a specific date on which the IPO issue is open to the public for the submission of bids. The offer opening date is also referred to as the IPO opening date.
The opening date is the first day on which investors are invited to submit their bids to purchase the securities in a particular offering. It marks the beginning of the offer period, which allows potential investors to express their interest in purchasing the securities.
The offer opens at 10:30 a.m. on the Offer Opening Date.
During this period, investors can study the offer documents, evaluate the terms of the offer and decide whether they wish to participate by submitting bids. The offer opening date sets the framework for the entire offer process and leads to the closing date on which all bids must be submitted.
For Example, In the below-mentioned Popular Vehicles & Services IPO Timeline, the IPO Open Date is March 12, 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 |
Here, the Bid/offer opening date is March 12, 2024.
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