What is the IPO subscription time?

The IPO subscription period begins at 10 a.m. on the day the IPO opens for subscription and ends at 5:00 p.m. on the last day of the IPO.

Investors may subscribe for the IPO at any time during this window. Bids submitted after 5:00 p.m. (except on the last day) will be uploaded to the Exchange on the next business day. Some brokers and banks allow bids to be submitted only between 10 am to 5 pm.

The last day cut-off time for IPO application may vary from bank to bank and broker to broker. Therefore, check with your broker/bank for their respective closing times.

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