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

Published on Tuesday, September 18, 2018 by Chittorgarh.com Team | Modified on Wednesday, September 9, 2020

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A lot of IPO applications are filed on the last day of the bidding. Most people think that they have time untill the end of the day to apply for an IPO. But that's not the case on the last bidding day. The banks set a time limit on the last bidding day. The time limit varies from bank to bank.

Please note that the above timings are applicable only on the last day of bidding for an IPO. On other days, you can apply for an IPO through ASBA online anytime during the bidding window starting from 10 am on the first day of the bidding process.

Note: Stock exchanges sometimes extended the cut-off time on the last day. The time may be varied by the investor category (QIB, NII, Retail, or Employee). In such cases, exchanges publish a notice.

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)
SBI Bank 2 PM
ICICI Bank 3 PM
HDFC Bank 3 PM
Axis Bank 3 PM
Kotak Mahindra Bank 2 PM
Punjab National Bank 2 PM
Central Bank 4 PM
Bank of Baroda 3 PM
Corporation Bank 2 PM
Andhra Bank 3 PM
Canara Bank 4 PM
Yes Bank 3 PM
Dena Bank 3 PM
IDBI Bank 3 PM
Bank of India (BoI) 3 PM
IndusInd Bank 2 PM

Steps to apply in IPO

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6 Comments

Bhupinder
6. Bhupinder  Jan 22, 2021 19:55 I Like It. | Report Abuse Reply 0
What is cutoff time for giving nod to block the money from account after getting auto mandate request.
DINESH ROKAD
5. DINESH ROKAD  Jul 29, 2020 19:27 I Like It. | Report Abuse Reply 0
What is the end time in PNB
RG
5.1. RG  Jan 22, 2021 18:41 I Like It. | Report Abuse 0
2
SACHIN KUMAR AGARWAL
4. SACHIN KUMAR AGARWAL  Sep 8, 2020 18:22 I Like It. | Report Abuse Reply 0
after 2 o' clock in sbi online ipo show scheduled for next day at what time it will done in next day
Abhishek
4.1. Abhishek  Sep 9, 2020 12:55 I Like It. | Report Abuse 0
mostly after 10:30am
i have experienced this.
Sampath
4.2. Sampath  Sep 23, 2020 12:34 I Like It. | Report Abuse 0
SBI online IPO lein marked status is still shows as "Scheduled". Will it go through today or get cancelled ?
Abhishek
3. Abhishek  Sep 9, 2020 12:57 I Like It. | Report Abuse Reply 0
Dear Admin, Please update the cutoff time of Kotak Bank its 2:00pm
Sagar
2. Sagar  Jul 29, 2020 16:45 I Like It. | Report Abuse Reply 0
Corporation bank providing ASBA upto 2 o'clock only.
Killerr
1. Killerr  Dec 19, 2019 17:07 I Like It. | Report Abuse Reply 0
What is cutoff time for Indusind bank?








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