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

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:

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

Note:

  • 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.
  • Stock exchanges sometimes extend the cut-off time on the last day. The extended cut-off time may vary by the investor category (QIB, NII, or Retail).

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 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

Cut-off Time for Online IPO Application

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 Last Day

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.


IPO Application Last Time

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.


Steps to apply in IPO

Frequently Asked Questions

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

    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.

     

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

    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

    • State Bank of India: 2 PM
    • ICICI Bank: 3 PM
    • HDFC Bank: 3 PM
    • Bank of Baroda: 3 PM
    • Axis Bank: 3 PM
    • RBL Bank: 3 PM

    Click here to check the bank-wise complete list.

     

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16 Comments

16. hemant   I Like It. | Report Abuse |   Link | Dec 17, 2021 5:48:08 PM Reply
agr apply last day morning mai kiya ho or upi link evening mai aay ho..
15. chintamani   I Like It. | Report Abuse |   Link | Jul 10, 2021 9:58:37 AM Reply
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 | Dec 13, 2021 6:36:45 PM
In ASBA it's up to the banks.

In UPI, you have time till the next day morning at 12 PM to approve the mandate. If you do not approve, your application is rejected.
14. Nexus   I Like It. | Report Abuse |   Link | Dec 2, 2021 4:07:29 PM Reply
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 | Dec 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 | Aug 7, 2021 10:05:39 PM Reply
What is cutoff time for AU small finance bank?
13.1. SamJos   I Like It. | Report Abuse |   Link | Dec 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 | Jul 10, 2021 7:01:28 AM Reply
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 | Jul 9, 2021 3:08:21 PM Reply
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 | Jul 8, 2021 6:04:04 PM Reply
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 | Jul 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 | Mar 19, 2021 5:43:53 PM Reply
What is the cut-off time for Union Bank of India
8. InvestWithKrishna   I Like It. | Report Abuse |   Link | Mar 16, 2021 12:48:37 PM Reply
What's the IPO bid cut off time for UCO Bank last day?
7. khusII   I Like It. | Report Abuse |   Link | Mar 14, 2021 6:49:02 PM Reply
For central bank of India its 3 pm
6. Bhupinder   I Like It. | Report Abuse |   Link | Jan 22, 2021 6:55:04 PM Reply
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 | Jul 29, 2020 6:27:28 PM Reply
What is the end time in PNB
5.1. RG   I Like It. | Report Abuse |   Link | Jan 22, 2021 5:41:35 PM
2
4. SACHIN KUMAR AGARWAL   I Like It. | Report Abuse |   Link | Sep 8, 2020 5:22:03 PM Reply
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 | Sep 9, 2020 11:55:57 AM
mostly after 10:30am
i have experienced this.
4.2. Sampath   I Like It. | Report Abuse |   Link | Sep 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 | Sep 9, 2020 11:57:09 AM Reply
Dear Admin, Please update the cutoff time of Kotak Bank its 2:00pm
2. Sagar   I Like It. | Report Abuse |   Link | Jul 29, 2020 3:45:15 PM Reply
Corporation bank providing ASBA upto 2 o'clock only.
1. Killerr   I Like It. | Report Abuse |   Link | Dec 19, 2019 4:07:26 PM Reply
What is cutoff time for Indusind bank?