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.
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 |
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