Question 1

What is an IPO?

Accepted Answer

An Initial Public Offering is the process through which a company offers its shares to public investors for the first time. It may include a fresh issue, an offer for sale by existing shareholders, or both.

Question 2

Does applying for an IPO guarantee allotment?

Accepted Answer

No. Allotment depends on the issue structure, valid applications, demand and the final basis of allotment. An application does not guarantee shares.

Question 3

Will I receive listing gains?

Accepted Answer

No listing gain is assured. The market price after listing may be higher or lower than the issue price.

Question 4

Is my application money transferred immediately?

Accepted Answer

For an ASBA application, the application amount is generally blocked in the bank account. The amount is debited if shares are allotted; otherwise, the relevant amount is unblocked under the applicable process.

Question 5

What is a UPI mandate?

Accepted Answer

It is a payment authorisation request sent to the UPI app linked to the UPI ID entered in the IPO application. You must review the details and approve it within the prescribed time.

Question 6

Can I apply without a demat account?

Accepted Answer

A demat account is generally required to receive shares allotted in an IPO. Confirm the applicable requirements for the specific issue and investor category.

Question 7

Where can I read the offer document?

Accepted Answer

Use the official RHP/prospectus links published by the issuer, stock exchanges, SEBI (where applicable) or other authorised issue sources. Review the latest version and any addenda.

Question 8

What if the UPI mandate does not arrive?

Accepted Answer

Check that the UPI ID is correct and eligible, review your UPI app and bank status, and contact the relevant bank or application-channel support before the issue deadline. Do not share your PIN or OTP.

Question 9

How do I check allotment?

Accepted Answer

Use the registrar's official allotment page or the relevant exchange/issuer channel once the basis of allotment is finalised. Keep your PAN/application details available, but enter them only on verified official websites.

Question 10

Can I cancel or modify an IPO bid?

Accepted Answer

Modification or withdrawal is subject to the issue timetable, investor category and applicable exchange/ASBA/UPI rules. Follow the instructions of the authorised application channel and do not assume changes are possible after the cut-off.

Question 11

What is the difference between SME and Mainboard IPO?

Accepted Answer

Mainboard IPOs are proposed for listing on the mainboard of a recognised stock exchange. SME IPOs list on an SME platform and may have different liquidity, trading-lot and risk characteristics.

Question 12

Does RKFS decide which IPO I should apply for?

Accepted Answer

No. The website content is intended to provide information and explain processes. It should not be treated as a recommendation or assurance. Investors should make their own decisions after reviewing official documents and risks.

Frequently Asked Questions