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Published on Tuesday, September 18, 2018 by Chittorgarh.com Team | Modified on Sunday, February 27, 2022
An IPO application's last day cut-off time is the time until when a retail investor can place the bid for IPO shares on the last day of the subscription.
While BSE and NSE exchanges IPO bidding systems remain open from 10 AM to 5 PM, most banks or brokers stop accepting IPO applications around 2 to 3 PM on the last day.
The cut-off time for IPO application is essential to know because of:
Note:
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 | 3:00 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 |
The cut-off time for online IPO applications varies by the bank or broker you are using to apply in IPO. ICICI Bank has cut-off time for online IPO applications at 3 PM while SBI bank has it at 2 PM.
IPO application time on the last day depends on the bank you are using to apply for an IPO. While stock exchanges' IPO bidding platform remains open until 5 PM on the last day, the banks allow time till 2 PM or 3 PM to submit the IPO application. The banks use the remaining time to process the applications before the exchanges bidding platform closes at 5 PM.
The IPO application's last time is 2 PM or 3 PM on the issue closing day based on the bank or broker you are using. Banks like SBI, PNB, Kotak has IPO application last time at 2 PM while banks like ICICI, HDFC, Axis, BoB, etc. offer a 3 PM cut-off time.
The cut-off time for IPO application is the time on the last day of IPO until when a bank or broker allows investors to apply for an IPO.
While the exchanges accept the IPO bids till 5 PM on the last day, most banks have their own cut-off time at around 2 PM or 3 PM. They use the remaining time to process the applications and make sure that all applications get uploaded to the exchanges by 5 PM.
The SBI Bank IPO cut-off time is 2 PM, ICICI bank has it at 3 PM, and Kotak bank at 2 PM.
The cut-off time may get extended in some special cases by the exchange and the banks. A company may ask exchanges to extend the bid time in case it didn't receive enough bids or the bidding got interrupted due to any reason in regular bidding hours.
The bidding for IPO shares at the stock exchange is open from 10 AM to 5 PM when the IPO is open for the public.
But most banks do not accept IPO bids on the last day till 5 PM. The IPO application closing time differs from bank to bank.
Time till you can apply in IPO on last day
Click here to check the bank-wise complete list.
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