The process of assigning shares to successful applicants after the bidding window closes. In oversubscribed retail categories, allotment happens by computerised lottery (one lot or nothing); QIB and HNI categories receive pro-rata scaling. Results are confirmed only on the registrar's official portal.
Institutional investors allotted shares a day before the IPO opens, at a fixed price, with a 30/90-day lock-in. A fully-subscribed anchor book signals institutional confidence in the issue; a weak one is an early warning.
Application Supported by Blocked Amount. The mechanism where your application money stays in your bank account but is blocked until allotment, no money actually leaves unless you get shares. UPI applications work on the same blocking principle.
The price-discovery method used by most Indian IPOs: investors bid within a price band, and final issue price emerges from demand across the book. Contrast with a 'fixed price' issue where the price is announced upfront.
How evenly demand spans investor categories. A book strong across QIB, HNI and retail carries far more conviction than one inflated by a single segment, which is why DostIpo shows category splits, not just totals.
Exchange-imposed daily price bands (typically ±5–20%) that cap how far a newly listed stock can move from its base price on debut days.
The retail bidder's option to accept whatever final issue price the book-building process lands on, rather than specifying a number within the band. Recommended for most retail applicants since non-cut-off bids below the final price are rejected.
The Draft and Red Herring Prospectus, the company's official disclosure documents containing restated financials, risk factors, business model, objects of the issue and issue terms. The DRHP precedes SEBI feedback; the RHP comes with the price band. The definitive source for any decision.
A slice of the issue reserved for company employees, sometimes at a stated discount to the issue price. Its subscription level often reads as insider confidence.
A fresh issue creates new shares and the money enters the company, funding growth or debt repayment. An offer for sale (OFS) sells existing shareholders' stakes, so the money exits to them. The split tells you whether you're financing the business or its early backers.
The nominal per-share value on the company's books (often ₹2, ₹5 or ₹10). Mostly symbolic, the issue price is usually many multiples of it, but useful for computing reserves and EPS relationships.
The unofficial premium at which IPO shares trade before listing. Useful as a sentiment gauge with trend direction; unreliable as a guarantee, quotes vary between dealers and can swing hours before listing. Never a regulated or settlement-backed price.
An unofficial fixed fee for which an entire IPO application (application-with-allotment) is sold in the grey market before listing, separate from GMP, which applies to shares. Entirely informal and unregulated.
The percentage difference between listing price and issue price. A +20% listing gain means the stock debuted a fifth above what applicants paid. GMP hints at it; market demand decides it.
The minimum share count per application. Lot × upper band = minimum retail investment. Multiple lots raise your bid size; crossing ₹2 lakh moves you out of the retail quota.
A member (mostly on SME exchanges) obliged to provide continuous buy/sell quotes for a newly listed stock's initial period, ensuring basic liquidity where natural order flow may be thin.
Non-institutional investors bidding above ₹2 lakh, split into sHNI (₹2–10 lakh) and bHNI (₹10 lakh+). The buckets allot separately on pro-rata, so the split materially changes odds; DostIpo tracks both.
Floor and cap within which bids are accepted during book building. The implied listing gain % on DostIpo uses the band's upper end as reference.
Promoters' ownership before versus after the issue. Dilution is inherent to raising capital, but a steep drop paired with a large OFS deserves scrutiny against the stated objects.
Qualified institutional buyers, mutual funds, insurers, pension and alternative funds. Usually the largest quota (~50% of net issue); their appetite anchors the book and typically validates valuation.
The SEBI-registered agency running the IPO's back office, applications, basis of allotment, refunds, share credit. Allotment status is checked only on the registrar's portal via PAN, application number or DP ID.
Applicants up to ₹2 lakh per application, typically ~35% of a mainboard issue, allotted by lottery when oversubscribed.
Total shares bid ÷ shares offered, tracked live per category. 21x means bids exceeded supply twenty-one-fold. Final figures freeze only at window close.
The UPI-based blocking mechanism for retail applications: you approve a mandate in your UPI app, funds stay blocked till allotment, then release automatically if unsuccessful.
Last updated: 29 Aug 2026, 21:22 IST