IPO stories and explainers
How Indian IPOs actually work, one question at a time. We explain the mechanism and stop there: no calls, no verdicts.
One PAN, one application: what actually gets an IPO bid rejected
Retail and HNI on the same PAN, the shareholder quota exception, whether extra lots help, and how the allotment lottery really counts your application.
Updated 24 Aug 2026
How to apply for an IPO in India, and what actually happens to your money
The mechanics, start to finish: demat account, one application per PAN, bidding at cut-off, and why the money is blocked rather than debited.
Updated 22 Aug 2026
How IPO allotment actually works when an issue is oversubscribed
Oversubscribed does not mean you get fewer shares. In the retail category it usually means a lottery, and one lot is the most anyone gets.
Updated 22 Aug 2026
What happens when an IPO lock-in expires, and why the date is worth knowing
A lock-in is a promise not to sell for a set period. When one ends, shares that could not be traded suddenly can be, and supply changes.
Updated 22 Aug 2026