Can I apply for an IPO after 5 pm?

The timing of applying for an IPO is a matter of concern for many retail investors, particularly if they have a busy daytime schedule. The main inquiry is whether it is possible to apply for an IPO after trading hours. The response to this question is determined by the knowledge of the official IPO application timing rules that are determined by the regulators and the banks.

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Generally, IPOs have a defined subscription window with start and end dates. Applications can be submitted during normal banking hours, but most brokers and banks allow online applications via ASBA 24/7. That said, the effective processing happens during banking or UPI verification windows. So technically, you can submit your bid after 5 pm, but the application will only be processed the next working day once the bank approves the ASBA mandate.

It’s important to be aware of the deadlines for submitting IPO bids. Every IPO specifies a closing date and time, usually in the evening. Applications submitted after the official cut-off are automatically rejected. So, even if you can access the application portal after hours, missing the official deadline means your bid won’t be accepted.

Submitting late can also cause issues with payment verification. The ASBA system blocks the funds in your bank account only after successful verification. Applications submitted after hours or just minutes before closing may face delays, potentially affecting allotment. Hence, it’s safer to complete the application well before the closing time.

In essence, while the online system makes it possible to prepare or even submit an IPO application after 5 pm, the actual processing and verification depend on bank timings. To avoid last-minute stress, always aim to submit your application during official hours.

Following these simple rules ensures your IPO application is smooth, verified promptly, and eligible for allotment. Knowing the timing constraints can save you from unnecessary disappointment and gives you better control over your investment in new public issues.