FREE Account Opening + No Clearing Fees
Loading...

IPO Bidding Time Limit on Last day (IPO Closing Day)

Published on Tuesday, September 18, 2018 by Chittorgarh.com Team | Modified on Monday, July 3, 2023

The cut-off time for applying in an IPO on the last day is the time until which an investor can bid for IPO shares on the closing day of the public offering.

While the IPO bidding systems of the BSE and NSE exchanges are open from 10 a.m. to 5 p.m., most banks or brokers stop accepting IPO applications around 2 p.m. to 3 p.m. on the last day.

It is important to know the cut-off time for IPO applications because:

  • Most retail investors apply for IPO shares on the last day after seeing the response from HNI and QIB investors.
  • The cut-off time for IPO applications on the last day varies from bank to bank.

Note:

  • The cut-off time for IPO application apply only to the last day of the offering for an IPO. On other days, you can submit an IPO application online through ASBA at any time during the offering window starting at 10 a.m. on the first day of the offering.
  • Exchanges sometimes extend the deadline on the last day. The extended deadline may vary depending on the investor category (QIB, NII or retail investor).

Cut-off Time for ASBA IPO Application (on Last Day)

The Online ASBA IPO Application closes for retail investors by 2 PM at SBI Bank, 3 PM at ICICI Bank, 3 PM at HDFC Bank Net Banking, 3 PM at Axis Bank and 2 PM at Kotak Bank.

Bank Cut-off Time (on last day)
AU Small Finance Bank 2:00 PM
Axis Bank 3:00 PM
Bank of Baroda 3:00 PM
Bank of India (BoI) 3:00 PM
Canara Bank 4:00 PM
Central Bank 4:00 PM
Central Bank of India 3:00 PM
Dena Bank 3:00 PM
HDFC Bank
  • HDFC Securites Poral
    • Retail: 4:50 PM
    • HNI: 3:30 PM
  • HDFC NetBanking Portal
    • Retail: 4:00 PM
    • HNI: 3:30 PM 
ICICI Bank 3:00 PM
IDBI Bank 3:00 PM
IDFC First Bank 3:00 PM
IndusInd Bank 2:00 PM
Kotak Mahindra Bank 2:00 PM
Punjab National Bank (PNB) 2:00 PM
RBL Bank 3:00 PM
SBI Bank 2:00 PM
UCO Bank  
Union Bank of India 3:00 PM
Yes Bank 3:00 PM

Cut-off time for online IPO applications

The cut-off time for online IPOs depends on the bank or broker you submit the IPO application to. For ICICI Bank, the cut-off time for online IPOs is 3 pm, and for SBI Bank, the cut-off time is 2 pm.


IPO Application time on the last day

The IPO Application time on the last day depends on the bank where you file an IPO application. While the IPO bidding platform of the exchanges will remain open until 5 p.m. on the last day, banks will have until 2 p.m. or 3 p.m. to submit the IPO application. Banks will use the remaining time to process the applications before the exchanges' offering platform closes at 5:00 p.m.


Last time for IPO applications

The last time to submit IPO applications is 2:00 pm or 3:00 pm on the closing day of the issue, depending on which bank or broker you use. For banks like SBI, PNB and Kotak, the deadline for IPO applications is 2:00 pm, while banks like ICICI, HDFC, Axis, BoB, etc. offer a deadline of 3:00 pm.


Steps to apply in IPO

Frequently Asked Questions

  1. 1. What is the cut-off time for an IPO application?

    HDFC Bank Cut-off Time for IPO Application

    • HDFC Securites Poral
      • Retail: 4:50 PM
      • HNI: 3:30 PM
    • HDFC NetBanking Portal
      • Retail: 4:00 PM
      • HNI: 3:30 PM 

     

  2. 2. Till what time can I apply for IPO on the last day?

    Bidding for IPO shares on the stock exchange is possible from 10 a.m. to 5 p.m., when the IPO is open to the public.

    However, most banks do not accept IPO bids until 5 p.m. on the last day. The cut-off time for IPO applications varies from bank to bank.

    Time until which you can apply for the IPO on the last day

    • State Bank of India: 2 PM
    • ICICI Bank: 3 PM
    • HDFC Bank
      • HDFC Securites Poral
        • Retail: 4:50 PM
        • HNI: 3:30 PM
      • HDFC NetBanking Portal
        • Retail: 4:00 PM
        • HNI: 3:30 PM 
    • Bank of Baroda: 3 PM
    • Axis Bank: 3 PM
    • RBL Bank: 3 PM

    Click here to check the bank-wise complete list.

     

Rate this article
39
4.5
Rating:Rated 4.5 stars
Vote Here ...


17 Comments

17. AJ IPO   I Like It. |Report Abuse|  Link|May 3, 2023 12:26:26 PMReply
In SBI bid modification timing? can after closure of asba I can modify?
16. hemant   I Like It. |Report Abuse|  Link|December 17, 2021 5:48:08 PMReply
agr apply last day morning mai kiya ho or upi link evening mai aay ho..
15. chintamani   I Like It. |Report Abuse|  Link|July 10, 2021 9:58:37 AMReply
If any procedure to bank for extend online asba application cut off timing to 4/4.30 or 5 PM
so v can bid easily at last moment and many bank servers down not work proper also.
15.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|December 13, 2021 6:36:45 PM
In ASBA it's up to the banks.

In UPI, you have time till 5 PM on issue closing day to approve the mandate. If you do not approve, your application is rejected.
14. Nexus   I Like It. |Report Abuse|  Link|December 2, 2021 4:07:29 PMReply
My Observation regarding IndusInd Bank ASBA timings, in context with under-subscribed Star Health IPO on 2-Dec-2021
1) This page states that IndusInd Bank ASBA timing is up to 2pm on last day
2) I noticed that Star Health IPO was available up to 5 pm for subscription
3) At 4 pm it was moved from the middle of the IPO list to bottom of the list

Members can confirm this observation for future IPOs.
14.1. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|December 13, 2021 6:34:34 PM
Hi Nexus,
In some special cases like when IPO didn't recieve enough bids or there were some technical issue in the afternoon, the cut-off time is extended by the exchanges and followed by the banks.

This is what happed in Star Health IPO.
13. bhawani agarwal   I Like It. |Report Abuse|  Link|August 7, 2021 10:05:39 PMReply
What is cutoff time for AU small finance bank?
13.1. SamJos   I Like It. |Report Abuse|  Link|December 13, 2021 5:58:53 PM
@bhawani agarwal - cutoff time for AU small finance bank is 2PM by netbanking, but physically accept form upto 3PM.
12. ratnakar anant sohani   I Like It. |Report Abuse|  Link|July 10, 2021 7:01:28 AMReply
I have applied for both IPOs I. e. Clean & infra but UPI fund blocking request not received. What to do?
11. DuckEye   I Like It. |Report Abuse|  Link|July 9, 2021 3:08:21 PMReply
Hi Admin,
Please check HNI timing for ICICIdirect with bank. I used to apply at 2.50pm and it used to allow.
But today, it didn't allow. Link was there but it said issue closed.
10. Gurjinder Singh   I Like It. |Report Abuse|  Link|July 8, 2021 6:04:04 PMReply
Is there any set time to apply through ASBA one first and second day? I applied today 5:30 pm on second day email came back saying it has been accepted but how come. Exchanges accept applications only between 10 am to 5pm
10.1. Karan Ramchandani   I Like It. |Report Abuse|  Link|July 9, 2021 9:22:32 AM
Bank has accepted it and will place the same request on the next day when IPO window will open
9. Soundharya   I Like It. |Report Abuse|  Link|March 19, 2021 5:43:53 PMReply
What is the cut-off time for Union Bank of India
8. InvestWithKrishna   I Like It. |Report Abuse|  Link|March 16, 2021 12:48:37 PMReply
What's the IPO bid cut off time for UCO Bank last day?
7. khusII   I Like It. |Report Abuse|  Link|March 14, 2021 6:49:02 PMReply
For central bank of India its 3 pm
6. Bhupinder   I Like It. |Report Abuse|  Link|January 22, 2021 6:55:04 PMReply
What is cutoff time for giving nod to block the money from account after getting auto mandate request.
5. DINESH ROKAD   I Like It. |Report Abuse|  Link|July 29, 2020 6:27:28 PMReply
What is the end time in PNB
5.1. RG   I Like It. |Report Abuse|  Link|January 22, 2021 5:41:35 PM
2
4. SACHIN KUMAR AGARWAL   I Like It. |Report Abuse|  Link|September 8, 2020 5:22:03 PMReply
after 2 o' clock in sbi online ipo show scheduled for next day at what time it will done in next day
4.1. Abhishek   I Like It. |Report Abuse|  Link|September 9, 2020 11:55:57 AM
mostly after 10:30am
i have experienced this.
4.2. Sampath   I Like It. |Report Abuse|  Link|September 23, 2020 11:34:51 AM
SBI online IPO lein marked status is still shows as "Scheduled". Will it go through today or get cancelled ?
3. Abhishek   I Like It. |Report Abuse|  Link|September 9, 2020 11:57:09 AMReply
Dear Admin, Please update the cutoff time of Kotak Bank its 2:00pm
2. Sagar   I Like It. |Report Abuse|  Link|July 29, 2020 3:45:15 PMReply
Corporation bank providing ASBA upto 2 o'clock only.
1. Killerr   I Like It. |Report Abuse|  Link|December 19, 2019 4:07:26 PMReply
What is cutoff time for Indusind bank?