Can I apply for an IPO on Saturday?

You can apply for an IPO at any time (24 hours) during the subscription period by submitting the online IPO application through Netbanking or a broker. While you can complete the IPO application form at any time, exchanges only accept applications between 10 a.m. and 5 p.m. on weekdays except holidays. Outside of exchange hours or on weekends, applications remain with the broker/bank and are forwarded to the exchange at 10 a.m. the next business day.

An IPO is usually open for a minimum of three business days (maximum ten business days). If a Saturday falls within the IPO subscription window, you may submit your application on a Saturday, provided your broker/bank allows you to submit applications outside of IPO opening hours and on weekends. Regardless of when you submit an IPO application, the application will only be uploaded to the Exchange System during IPO market hours of 10 a.m. to 5 p.m.

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