Chittorgarh.com Logo
FREE Account Opening + No Clearing Fees + Rs 999 API Access
Loading...

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

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

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.


Comments

Add a public comment...


Find more questions on this topic