The open IPOs section on this page is updated daily and lists all issues currently accepting bids on NSE and BSE in India. For each open IPO, you can view the price band, minimum investment amount, issue size, closing date, and whether it is a mainline or SME issue. Listing performance data for recently closed and listed IPOs — including listing-day gains and current returns — is available in the Performance of Listed IPOs section on this page. You can apply for any open issue directly via the Chola Securities app or web platform using UPI or ASBA.
An Initial Public Offering (IPO) is the first sale of a private company's shares to the general public, after which the company gets listed on a stock exchange such as NSE or BSE in India. Companies raise capital through IPOs for purposes including business expansion, debt repayment, and infrastructure development. Investors who apply during the subscription window may receive allotted shares, which they can then hold or trade after the listing date. Allotment is not guaranteed and is typically done through a lottery system for oversubscribed issues.
Mainline IPOs are issued by larger, more established companies and are listed on the main boards of NSE or BSE. They are governed by stricter SEBI eligibility criteria, including minimum net worth, profitability track record, and issue size requirements. SME IPOs are issued by small and medium enterprises and are listed on NSE Emerge or BSE SME platforms, which have lower eligibility thresholds and different lot size rules. Retail investors can apply for both types. Mainline IPOs typically have a lower lot size in rupee terms compared to SME IPOs, where the minimum investment amount is often higher. Both mainline and SME IPOs are available for subscription on Chola Securities with separate tabs for easy filtering.
To apply for an IPO with Chola Securities, you need an active demat and trading account on the platform. Download the Chola Securities app from the App Store or Google Play, or visit cholasecurities.com. Navigate to the IPO section, select the open issue you want to apply for, enter your bid quantity and price within the stated price band, and submit your application using UPI or ASBA. You need a valid PAN card, a linked bank account, and a demat account to complete the application. Chola Securities also provides a research-backed subscribe or avoid recommendation for each IPO to help you make an informed decision before applying.
IPO allotment status is typically finalised within 6 days of the IPO subscription closing date, as per SEBI guidelines. Once allotment is complete, you can check your status through three methods. First, visit the registrar's website and enter your PAN card number or application number along with your demat account number. Second, visit the BSE or NSE website and search for the specific IPO allotment status using your PAN. Third, check the Allotment Status section directly on this page, which tracks the last five closed IPOs and links to their respective allotment check portals. If shares are not allotted, the application amount is refunded to your bank account within the prescribed timeline.
Yes, investors can withdraw or modify their IPO bid, but only before the subscription window closes. To modify your bid, you can change the quantity or price within the allowed price band through the platform where you originally submitted the application. To withdraw, you must cancel the application before the closing date and time. Once the IPO subscription period ends, no changes or withdrawals are permitted. If you applied via UPI, the bid amount is blocked in your bank account and is released automatically if shares are not allotted or if you withdraw before closing.
Chola Securities' in-house research team evaluates each IPO before the subscription window opens and provides a subscribe or avoid recommendation based on the company's fundamentals, business model, valuation relative to peers, and growth outlook. This research-backed view is available on each IPO's individual detail page on cholasecurities.com and is also visible in the upcoming IPOs section of this page. The recommendation is intended to help retail investors make a more informed decision and should be read alongside the company's Red Herring Prospectus before applying.