Apply for IPO Online in 2026 — Upcoming IPOs in India withAshlar India
All upcoming IPOs in one place. IPO summaries for informed decisions. UPI-based application in under 5 minutes. SEBI-registered broker.Access upcoming IPOs from India's leading companies — all in one trusted platform.
Imagine getting a chance to invest in a company before the rest of the world can.
That is exactly what an IPO offers.
Some of India's biggest wealth-creation stories started with people applying for an IPO at the right time. Early investors in companies like Infosys, IRCTC, and Zomato made extraordinary returns — simply because they got in at the beginning.
And the good news? Applying for an IPO in India today is easier than ever. You do not need a broker's office, physical forms, or complicated paperwork. With Ashlar India, you can apply for any upcoming IPO online in minutes — right from your phone.
This guide will explain everything about IPOs in simple language. What they are, how to apply, how allotment works, and why Ashlar India is a trusted IPO platform in India for 2026.
Important: Investments in IPOs are subject to market risks. IPO allotment is not guaranteed. This content is for educational purposes only and does not constitute financial or investment advice.
What Is an IPO? (Explained in Simple Words)
IPO stands for Initial Public Offering.
When a private company wants to raise money from the public for the first time, it sells its shares to ordinary investors through an IPO. This is the company "going public" — meaning anyone can now become a part-owner by buying its shares.
A Simple Example
Think of a popular local restaurant chain. It has 50 branches across India and wants to open 200 more. But it needs ₹500 crore to do that. Instead of taking a bank loan, it decides to raise money from the public by selling shares.
It files for an IPO, sets a price band (say ₹200–₹210 per share), and invites ordinary investors like you to apply. If you get allotment and the company grows, your shares may become more valuable over time. However, returns are not guaranteed and depend on market conditions.
That is the opportunity an IPO presents.
“Investments in IPOs are subject to market risks. IPO allotment is not guaranteed. Always read the RHP before applying.”
Key Terms You Must Know
Before you apply for your first IPO, understand these essential terms used in every IPO.
Price Band
The minimum and maximum price at which you can apply for IPO shares. For example, ₹200–₹210 per share.
Lot Size
The minimum number of shares you must apply for. You cannot apply for a single share — it must be in lots. For example, 1 lot = 70 shares.
Subscription
How many times the IPO was applied for versus the shares available. A 10x subscription means 10 times more applications came in than shares available.
Allotment
Since demand often exceeds supply, not everyone who applies gets shares. The allotment is done through a lottery (for retail investors) managed by the registrar.
Listing
The day the company's shares start trading on NSE or BSE. This is when you can sell your allotted shares if you wish.
GMP (Grey Market Premium)
The unofficial price at which IPO shares are being traded before the official listing. A high GMP suggests strong demand but is not a guarantee of listing performance. GMP is not regulated by SEBI and should not be the sole basis for applying.
Benefits of Applying for IPOs
Why do millions of Indians apply for IPOs every year? Here are the key benefits — along with the associated risks you should be aware of.
Ground Floor Entry
Apply at the IPO price — allotment not guaranteed
ASBA Process
Money only blocked, not debited unless allotted
Zero Brokerage
No brokerage charges at the IPO application stage
35% Reserved
SEBI mandates 35% of every IPO for retail investors
Opportunity to Invest at the Ground Floor
IPO shares are typically offered at a price set by the company based on its valuation. Getting in early means you could potentially participate in the company's growth journey. However, there is no assurance that the listing price will be higher than the IPO price.
Listing Gains
Many IPOs list at a premium — meaning the share price on listing day is higher than the IPO price. However, some IPOs also list below the issue price. Listing gains are not guaranteed.
Long-Term Wealth Creation
For investors who believe in the company's future, holding IPO shares for years may generate returns — especially if the company performs well. Past IPO performances are not indicative of future results.
Easy and Transparent Process
Applying for an IPO in India is 100% digital through ASBA (Applications Supported by Blocked Amount). Your money stays in your bank account until allotment — it is never debited upfront.
No Brokerage on Application
Applying for an IPO does not attract brokerage charges. The cost is zero at the application stage.
Access to New-Age and Growing Companies
IPOs give retail investors access to companies in technology, green energy, fintech, healthcare, and other sectors — businesses that were previously only available to private investors and venture capitalists.
Retail Investor Reservation
SEBI mandates that at least 35% of every IPO is reserved for retail investors (those applying for less than ₹2 lakh). This ensures ordinary investors always have a fair chance at allotment.
How to Apply for an IPO Online with Ashlar India
Applying for an IPO through Ashlar India is quick, simple, and fully digital. Here is how:
Open Your Demat and Trading Account
You need a Demat account to receive IPO shares if you get allotment. Open yours at ashlarindia.com in under 15 minutes — 100% online. Submit your PAN, Aadhaar, and bank details.
Check Upcoming IPOs on the Ashlar India Platform
Log in to the Ashlar India app or website. Navigate to the IPO section to see all currently open and upcoming IPOs in India — with complete details including price band, lot size, open/close dates, issue size, and GMP (for reference only; GMP is unofficial).
Review the Company Details
Before applying, read about the company — what it does, its financials, why it is raising money, and what it plans to do with the funds. Read the Red Herring Prospectus (RHP) filed with SEBI. Ashlar India provides IPO summary notes to help you understand key details — these are for informational purposes and do not constitute investment advice.
Select the IPO and Enter Bid Details
Choose the IPO you want to apply for. Enter the number of lots (minimum 1 lot) and your bid price. You can apply at the cut-off price, meaning you are willing to pay whatever the final price is within the band.
Link Your UPI ID
Since 2019, SEBI has made UPI mandatory for retail IPO applications. Enter your UPI ID (Google Pay, PhonePe, Paytm, or any UPI app). Your bank will send you a mandate request to approve.
Approve the UPI Mandate
Open your UPI app and approve the mandate. This does NOT deduct money from your account immediately — it only blocks the amount. The money is debited only if you receive allotment.
Check Your IPO Allotment Status
After the IPO closes, allotment typically happens within 6 days. Check your IPO allotment status on the Ashlar India platform, or directly on the registrar's website using your PAN number or application number.
Shares Credited or Refund Issued
If you get allotment, shares are credited to your Demat account before listing. If you do not get allotment, the blocked amount is released back to your bank account automatically.
Listing Day
On listing day, your allotted shares appear in your Ashlar India trading account. You can choose to sell or hold — based on your own assessment and financial goals.
Why Choose Ashlar India for IPO Applications?
Eight reasons why thousands of investors trust Ashlar India for every IPO application.
One-Stop IPO Platform
Ashlar India's IPO section shows you all open, upcoming, and recently closed IPOs in India in one place. Price band, GMP (indicative only), subscription status, allotment date, listing date — everything you need is right there.
Latest IPO GMP and Market Sentiment
Stay updated with the latest IPO GMP (Grey Market Premium) data and subscription numbers on the Ashlar India platform. Please note that GMP is unofficial, unregulated, and should be used as one of many data points — not the sole basis for an investment decision.
Expert IPO Summaries and Analysis
Not every IPO is worth applying for. Ashlar India's research team analyses each IPO — business model, financial health, valuation, promoter background, and industry outlook — and shares its view. These views are for informational purposes only and do not constitute investment advice. You should read the RHP and make your own informed decision.
Seamless UPI Integration
Apply for IPOs in just a few taps using your UPI ID. The entire process — from selection to mandate approval — takes less than 5 minutes on the Ashlar India app.
Instant Allotment Status Updates
Ashlar India notifies you about your IPO allotment status directly through the app and SMS. No need to check multiple websites or registrar portals.
Apply for SME IPOs Too
Apart from mainboard IPOs on NSE and BSE, Ashlar India also gives you access to SME (Small and Medium Enterprise) IPOs listed on NSE Emerge and BSE SME. SME IPOs carry higher risk and are subject to different eligibility and trading conditions.
Zero Account Opening Fees
Open your Demat and trading account with Ashlar India at no cost. Start applying for IPOs immediately after your account is activated.
SEBI Registered and Trusted
Ashlar Securities Pvt. Ltd. is a SEBI-registered broker. Your IPO applications, Demat account, and allotted shares are fully regulated and protected under Indian law.
Common Mistakes to Avoid When Applying for IPOs
Avoid these pitfalls to maximise your chances of allotment and protect your investment.
Mistake
Applying Without Reading the Red Herring Prospectus (RHP)
How to Avoid
The RHP is the official document filed by the company with SEBI. It contains everything — financials, risk factors, business details, and how funds will be used. Always review the RHP or at minimum Ashlar India's IPO summary before applying.
Mistake
Applying Based Only on GMP
How to Avoid
The Grey Market Premium tells you market sentiment — but it is unofficial, unregulated, and can change overnight. Many IPOs with high GMP have listed below the issue price. Never apply for an IPO based solely on GMP. Evaluate the business fundamentals too.
Mistake
Missing the Application Window
How to Avoid
IPOs are open for only 3 days typically. Missing the window means you cannot apply. Follow Ashlar India's IPO calendar and set reminders for upcoming IPOs.
Mistake
Not Approving the UPI Mandate on Time
How to Avoid
After applying, you must approve the UPI mandate within the specified time — usually by 5:00 PM on the day of application. If you forget, your application will be rejected automatically.
Mistake
Applying in Only One Account
How to Avoid
You can apply for an IPO in the name of each family member who has a Demat account — your spouse, parents, or adult children. Multiple applications from the same family increase your chances of getting allotment in at least one account.
Mistake
Selling on Listing Day Without a Strategy
How to Avoid
If you get allotment and the IPO lists at a premium, have a clear strategy before listing day — whether you plan to take listing gains or hold for long term. Markets can be volatile around listing day.
Mistake
Applying for Every IPO Blindly
How to Avoid
Not every IPO is a good opportunity. Some companies are overvalued or have weak financials. Research each IPO carefully and consider Ashlar India's analysis as one of many inputs — not as investment advice.
The most successful IPO investors at Ashlar India read the RHP and analysis, apply at cut-off price, approve the mandate on time, and always have a clear strategy before listing day.
Frequently Asked Questions
Everything you need to know about applying for IPOs online in India with Ashlar India.
An IPO (Initial Public Offering) is when a private company sells its shares to the public for the very first time. By applying for an IPO, you get a chance to become a part-owner of that company — at the price set during the IPO process. Returns depend on the company's performance and market conditions and are not guaranteed.
Since IPO demand often exceeds supply, not everyone who applies gets shares. The allotment is done through a computerised lottery managed by the IPO registrar. Retail investors who apply for 1 lot have the same probability of allotment as those who apply for 14 lots — each gets one entry in the lottery regardless of lot quantity applied.
GMP stands for Grey Market Premium. It is the unofficial price at which IPO shares are being traded in the grey market before the official listing. A high GMP indicates strong demand and a possible listing premium. However, GMP is unofficial, not regulated by SEBI, and is not a guarantee of actual listing performance. Do not make investment decisions based solely on GMP.
No. A Demat account is mandatory to receive IPO shares if you get allotment. Without a Demat account, your application will be rejected. Open your free Demat account with Ashlar India — it takes only 15 minutes.
Yes. If you sell IPO shares within 1 year of allotment, the gains are taxed as Short-Term Capital Gains (STCG) at 20%. If you hold for more than 1 year, gains above ₹1.25 lakh are taxed as Long-Term Capital Gains (LTCG) at 12.5%. Tax rules may change. Consult a Chartered Accountant for your specific tax situation.
Open a Demat and trading account with Ashlar India, go to the IPO section in the app, choose the IPO you want to apply for, enter your lot quantity and bid price, provide your UPI ID, and approve the mandate in your UPI app. The entire process takes under 5 minutes.
You can check your IPO allotment status on the Ashlar India app, on the registrar's official website (using your PAN or application number), or on the BSE/NSE IPO allotment page. Allotment is typically finalised within 6 days of the IPO closing.
ASBA stands for Applications Supported by Blocked Amount. When you apply for an IPO, your bank account is not debited immediately. Instead, the application amount is blocked — it stays in your account and earns interest. The funds are only debited if you receive allotment. If not, the block is released automatically.
The minimum investment in an IPO is one lot. The cost depends on the price band and lot size of that specific IPO. Typically, most mainboard IPOs require ₹10,000–₹15,000 for one lot. Some SME IPOs may require more. Check the specific IPO details on the Ashlar India platform.
A mainboard IPO is listed on the main NSE or BSE platform — typically for larger, more established companies. An SME IPO is listed on NSE Emerge or BSE SME — for smaller companies with higher growth potential but also higher risk. SME IPOs often have higher lot sizes and are subject to different trading conditions. Ashlar India gives you access to both.
Apply for the Next Big IPO with Ashlar IndiaDo Not Miss Out
Every year, some of India's most exciting companies come to the market through IPOs — in technology, green energy, fintech, healthcare, defence, and consumer brands.
They need someone they trust to guide them. Every year, some of India's most exciting companies come to the market through IPOs — in technology, green energy, fintech, healthcare, defence, and consumer brands.
"The next IPO could open tomorrow. Is your account ready?"
Our team is here to help you every step of the way — from account opening to your very first IPO application.
With Ashlar India, you get:
- All upcoming IPOs in India listed in one place
- Latest IPO GMP (indicative only) and subscription status
- IPO analysis and summaries for informed decision-making
- Seamless UPI-based application in under 5 minutes
- Instant allotment status notifications
- Access to both mainboard and SME IPOs
- Free Demat account opening — 100% online
- SEBI-registered, trusted, and compliant
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