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Initial Public Offering is a process by which any private company which matches the criteria becomes public. The company becomes public when it lists its share in the public market.
The public market or stock exchange such as BSE or NSE in India, is the exchange where IPOs stocks get listed. You can track and invest in IPOs.
Who can invest in an IPO?
Anyone can invest in IPOs. There are three main categories of investors. That is the Qualified Institutional Buyers(QIB), Non-Institutional Investors and the Retail Individual Investors.
All you need to do is open a demat account with your choice of broker and apply for the current/upcoming IPO.
What happens after the IPO period?
After the IPO process, there will be allotment of shares which will be finalized on the third working day. You can also state it as the basis of the allotment date. And the intimation of funds for IPO is held on the fourth working day, and on the fifth working day you will receive your IPO shares on your demat account.
And in case you are not allotted with IPO shares, the following funds will be transferred to your bank account. At last on the sixth day, the closed IPO is officially listed on the share market.