Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What does fully subscribed IPO mean?

A fully subscribed IPO indicates all shares have been purchased. Allotment occurs based on applications; oversubscribed IPOs allocate shares proportionately for qualified and institutional investors, and through a lottery for retail investors. Due to high demand, not all retail investors may receive shares if applications outnumber availability.