Question 1

How do I apply for an IPO online?

Accepted Answer

Choose a live IPO in your broker app, enter the number of lots and your bid (usually at the cut-off price), and approve the UPI mandate in your payment app to block the funds. On Sahi you can bid on any NSE Mainboard IPO in one click with zero brokerage, and the amount stays blocked until allotment.

Question 2

Are there any charges to apply for an IPO?

Accepted Answer

There is usually no brokerage to apply for an IPO, and Sahi charges zero brokerage on IPO applications, including multiple bids. You only pay standard brokerage if you later sell the allotted shares. Your application amount is blocked, not debited, until allotment is finalised.

Question 3

How do I check my IPO allotment status?

Accepted Answer

You can check allotment on the registrar's website, on the NSE or BSE site, or in your broker app once the basis of allotment is finalised, usually a few days after the issue closes. Sahi sends real-time allotment alerts, so you know your status without checking manually

Question 4

Why did I not get IPO allotment?

Accepted Answer

In an oversubscribed IPO, retail shares are allotted by lottery, so applying for more lots does not guarantee shares. Applications can also be rejected for a failed or unapproved UPI mandate or a duplicate PAN. Applying at the cut-off price and approving the mandate on time improves your odds.

Question 5

When is my blocked IPO money refunded if I am not allotted?

Accepted Answer

Because the amount is only blocked through the UPI mandate, it is released back in your bank automatically once allotment is finalised, typically within a day or two of the basis of allotment. No separate refund is needed, since the funds were never actually debited.

Question 6

What is the cut-off price in an IPO?

Accepted Answer

The cut-off price is the final issue price set within the price band. Retail applicants can select cut-off to agree to pay whatever final price is decided, which keeps the bid valid across the band. If the final price is lower, the difference is released from the blocked amount.

Question 7

Can I apply for the same IPO from multiple demat accounts?

Accepted Answer

You cannot make multiple retail applications on the same PAN; duplicates are rejected. Different family members can each apply from their own PAN and demat account. Each application must stay within the retail limit to qualify under the retail category

Question 8

What is the difference between a Mainboard IPO and an SME IPO?

Accepted Answer

Mainboard IPOs are larger companies listing on the main NSE and BSE platforms, with wider eligibility and smaller retail lot sizes. SME IPOs are smaller companies on the SME segment, with a larger minimum investment and higher risk. Sahi offers applications on NSE Mainboard IPOs.

Question 9

What is GMP (Grey Market Premium)?

Accepted Answer

GMP is the unofficial price at which an IPO's shares change hands in the grey market before listing, used as an informal indicator of expected listing gains. It is unofficial, unregulated, and can move quickly, so it should not be the only basis for deciding to apply

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