Question 1

What is GMP in an IPO?

Accepted Answer

Grey market premium (GMP) is the unofficial, unregulated premium at which IPO shares trade before listing, reported by market intermediaries. It's a sentiment indicator, not a guarantee of listing price.

Question 2

Is IPO Listing SEBI-registered?

Accepted Answer

No. IPO Listing is an independent information and media product. We are not a SEBI-registered investment adviser, research analyst, broker or merchant banker.

Question 3

How is IPO allotment decided?

Accepted Answer

For oversubscribed retail categories, allotment is via a computerised lottery ensuring fairness; for HNI/QIB categories it's typically proportionate. See our allotment guide for details.

Question 4

Do you store my PAN when I check allotment status?

Accepted Answer

No. Your PAN or application number is used only to query the registrar's public lookup for that session and is never stored on our servers.

Question 5

Which registrars does the allotment checker support?

Accepted Answer

We route lookups to KFin Technologies (KFintech), MUFG Intime India and Bigshare Services, depending on which registrar handled the specific IPO.

Question 6

What's the difference between SME and mainboard IPOs?

Accepted Answer

SME IPOs list on the SME platforms of NSE/BSE with smaller issue sizes, higher minimum lot values and lighter disclosure norms; mainboard IPOs list on the main exchange boards with fuller compliance requirements.

Question 7

Can GMP go negative?

Accepted Answer

Yes. Negative GMP suggests the grey market expects the stock to list below its issue price, though this is not always accurate.

Question 8

Is applying to an IPO guaranteed to get shares?

Accepted Answer

No. Allotment is not guaranteed, especially in oversubscribed issues; retail investors are allotted via lottery when demand exceeds supply.

Question 9

How often is the IPO calendar updated?

Accepted Answer

We update dates, price bands and status as soon as they're confirmed via exchange filings and registrar circulars, typically same-day.

Question 10

Does IPO Listing charge for any tool?

Accepted Answer

No, all our tools — calendar, GMP tracker, allotment checker, calculator and watchlist — are free, supported by advertising.

Question 11

Why did my allotment status show 'not found'?

Accepted Answer

This usually means the registrar hasn't published data yet, or the PAN/application number was entered incorrectly. Try again a few hours after the allotment date, or check the registrar's own portal directly.

Question 12

Can I get investment advice from IPO Listing?

Accepted Answer

No. We provide data and education only. For personalised advice, consult a SEBI-registered investment adviser.

Question 13

What happens if I don't get allotted shares?

Accepted Answer

Blocked funds (ASBA) are released back to your bank account automatically by your bank, usually within a few working days of allotment finalisation.

Question 14

Is the Android app available yet?

Accepted Answer

Not yet — see our /android-app page for the feature roadmap and a notify-me form. The site also works as an installable PWA today.

Frequently asked questions