Most people who apply for a popular IPO in India don’t get shares. That’s not a bug in the system, it’s exactly how the system is designed to work, and once you understand the mechanics, the disappointment makes a lot more sense. When a big IPO opens, we see thousands of applications come in. The […]
GMP, grey market premium, is probably the most-checked number by retail IPO applicants, and also one of the most misunderstood. People look at it like it’s a forecast. It isn’t. It’s a rumour with a price tag. Let me explain what GMP actually is, how it forms, and where it genuinely has some information value, […]
The first thing I look at when a new IPO is announced is not the GMP, not the subscription tracker, not the listing day prediction. It is the OFS versus fresh issue split. This one number tells you a lot about what is actually happening with the money you are putting in. What Fresh Issue […]
Applying for an IPO through UPI is genuinely simple once you understand the two-step process, the application and then the mandate approval. Most people who have trouble have missed that second step, and their application gets rejected silently. The ASBA Mechanism, What’s Actually Happening ASBA stands for Application Supported by Blocked Amount. When you apply […]
Almost nobody reads the DRHP. People check GMP, subscription numbers, listing day predictions from Twitter threads, but the document that actually contains everything you need to know about the company sits unread. This is a mistake that costs investors real money, and it does not have to. The good news: you do not need to […]
If you have applied for an IPO in India in the last several years, you have used ASBA, whether you knew it or not. ASBA stands for Application Supported by Blocked Amount, and it is the mechanism that governs how your money is handled between the time you apply for an IPO and the time […]
Before you can buy a single share of stock, invest in an exchange-traded fund, receive an IPO allotment, or hold sovereign gold bonds, you need a demat account. This is not optional, it is the foundational infrastructure of investing in India’s capital markets. And yet, many new investors open demat accounts without fully understanding what […]
The One Checkbox Most IPO Applicants Click Without Understanding If you have ever applied for an IPO through your broker or bank, you have seen a checkbox that says something like “Cut-off price.” Most retail investors tick it without thinking twice. That instinct is usually correct, but understanding why it is correct will help you […]
The Morning After: What Listing Day Actually Feels Like You got allotment. The IPO opens for trading. The stock pops 40% on Day 1. Your phone buzzes with alerts. Every WhatsApp group is celebrating. The temptation to sell and pocket the gain is overwhelming, and in many cases, it is also the right decision. But […]
The IPO That Nobody Wanted In the middle of a roaring bull market, it can seem like every IPO is oversubscribed by 50x and the grey market premium is always positive. But markets are cyclical, sentiment shifts, and some IPOs simply do not attract enough investor interest to fill their allotment books. What happens then? […]