Mainboard IPO
Large and established companies listing on NSE and BSE mainboard. Regulated by SEBI with detailed disclosures. Higher issue sizes and typically institutional participation.
NSE · BSE Mainboard
Apply for upcoming IPOs through Nikunj with seamless ASBA applications, research reports on every issue, and a dedicated RM who helps you decide which IPOs are worth your money — and which aren't.
What Is an IPO
An Initial Public Offering is when a private company offers its shares to the public for the first time — raising capital while giving investors the opportunity to become shareholders from day one.
Types of IPOs
Understanding the type of IPO helps you assess the size, risk, and opportunity before applying.
Who Can Apply
SEBI divides IPO applicants into three categories, each with a reserved quota of shares in every issue.
Why Nikunj
Anyone can apply for an IPO. What sets Nikunj apart is access to research reports, support from your RM, and the relationship — helping you make smarter decisions on every issue.
Application Process
The entire process happens within your Nikunj account — no paperwork, no separate portals, no hassle.
FAQ
Everything you need to know before applying for your first IPO with Nikunj.
ASBA (Application Supported by Blocked Amount) is the standard method for IPO applications in India. When you apply, the application amount is blocked in your bank account — not transferred. If you receive allotment, only the allotted amount is debited. The rest is unblocked immediately. This means your funds continue to earn interest right up until allotment.
Each IPO has a minimum lot size defined in the prospectus. For retail investors, the minimum application is typically one lot, which is priced to keep the total amount under ₹15,000 for most mainboard issues. SME IPOs often have higher minimum lot values. Your Nikunj RM will share lot size and pricing details before the subscription window opens.
No. SEBI regulations prohibit applying for the same IPO from multiple Demat accounts linked to the same PAN. Applications from multiple accounts with the same PAN will be rejected. Each PAN is allowed only one application per IPO in the retail category.
GMP is the unofficial premium at which IPO shares trade in the grey market before listing. It gives an informal indication of listing day demand. However, GMP is not regulated, can be manipulated, and is not a reliable predictor of actual listing price. Nikunj's RM uses GMP, as referenced in research reports, as one of several data points — not as a standalone signal. Fundamental analysis of the business remains more important.
If an IPO is oversubscribed in the retail category, allotment is done via a computerised lottery where each eligible applicant has an equal chance of receiving exactly one lot. For the NII (HNI) category, allotment is proportional. Unallotted funds are unblocked promptly after the allotment process is complete.
Yes. A Demat account is mandatory to apply for and receive IPO shares. If you do not have one, Nikunj offers a free Demat and trading account — the entire KYC process is paperless and can be completed in under 15 minutes. Once your account is active, you can apply for IPOs immediately.
We provide a detailed research report on every mainboard IPO, sourced from registered research providers — covering the company's business model, financial health, promoter background, valuation relative to listed peers, use of IPO proceeds, and GMP trends. Your Relationship Manager shares this report with you before the subscription opens and can answer any specific questions — helping you invest with clarity rather than just going by market buzz.
Open your free Demat account with Nikunj today. Get IPO alerts, research reports on every issue, and a dedicated RM — all before the next big IPO opens for subscription.