Love IPOs?
Whatever your investing style, we have a solution for you!
- Timely
IPO Alerts
- Award-Winning*
Research
- Transparent
Process

Why Anand Rathi for IPOs?
A robust and research-backed approach to IPO investing
Easy IPO Access
Timely alerts, curated selection, and streamlined processes for IPO investing
In-Depth Research Reports
Regular insights and expert analysis from our research team on upcoming IPOs
Transparent Investing
Hassle-free and clear IPO investing process - from application to allotment; along with easy tracking
Apply for IPOs Now
Open IPOs
Guest IPO
Invest in IPOs seamlessly with Anand Rathi's Guest IPO facility. Our Guest IPO facility allows you to apply for upcoming IPOs without needing a Demat account. Enjoy a hassle-free process, quick allotment, and the chance to invest in high-potential stocks.
Steps to Apply for IPO from Guest IPO Facility
Verify PAN
Enter your PAN Card and click on the check button to verify.
Add Details
Add your personal details along with the BOID of your CDSL OR NSDL Demat Account and verify your mobile number with OTP. CDSL ID (16-digit numeric ID) OR NSDL (14-Digit Numeric ID starting with "IN").
Select IPO
Select the IPO and click on the apply button to bid for the required quantity.
Enter UPI ID
Enter your UPI ID on the IPO application form and submit it.
UPI Mandate
You will get a UPI mandate for payment on the UPI app and funds will be blocked until Allotment.
Allotment Process
Based on the allotment status funds will get debited or a refund will be initiated.
All about IPOs
Initial Public Offerings (IPOs) are a unique opportunity for retail investors to participate in a company's growth journey and enjoy potential capital appreciation. And we simplify the IPO process with an advanced platform, easy access IPOs, and detailed research reports and insights.

Why IPOs?
IPO investments allow retail investors to invest in up-and-coming companies and further diversify their portfolios.
Early-Stage Investment
Mainboard IPOs usually present opportunities to invest at the competitive valuations.
Participate in Momentum
New IPOs may receive capital inflow from diverse pools and let investors participate in the initial momentum.
Diversification
As markets mature with space for more industries, IPOs have renewed diversification potential in emerging sectors.
Know Your IPOs
Fixed Price IPOs
The issuing company decides and declares the share price in advance, making for straightforward evaluations for investors.
Book Building IPOs
Offers shares within a specified price range, known as the price band. Investors bid for shares, within a specified range i.e. price band. The final price is determined based on demand.
Offer for Sale (OFS)
Existing shareholders sell their shares to the public, with no shares issued and the company’s capital structure intact.
How to Invest in an IPO in India?
Investing in an IPO through Anand Rathi is a simple and transparent process. Follow these steps to get started:
How to Choose the Right IPO?
Selecting the right IPO is the most significant factor in exploring early-stage public market investments
1.
Understand the Company's Business Model
Research the company's products, services, and competitive position in the market.
2.
Evaluate Financial Health
Review the company's financial statements, including revenue, profit margins, and debt levels.
3.
Analyze Growth Prospects
Consider the company's expansion plans and how it plans to utilise funds raised through the IPO.
4.
Review the Price Band and Valuation
Compare the IPO's price band with the company's valuation metrics, such as Price-to-Earnings (P/E) and Price-to-Book (P/B) ratios.
5.
Assess Market Trends
Look at the performance of similar IPOs and the overall market sentiment.
6.
Read the Prospectus Carefully
The Draft Red Herring Prospectus (DRHP) contains all the breakdowns about the company's financials, risks, and objectives and provides context to the potential investment.
IPO FAQs
Your Questions, Answered
- Initial Public Offering, commonly known as IPO in stock market circles, is a process by which a private company makes its shares available for retail investors to purchase on the public market for the first time. It allows investors to buy stake in the company and participate in its future, gain access to potential dividends, and acquire voting rights.
- A Mainboard IPO is launched by larger companies that meet specific eligibility criteria set by SEBI, such as minimum market capitalization revenue thresholds. These are typically available to purchase via the recognised national stock exchanges.
- Any individual with a valid Demat account, KYC-compliant documents, and sufficient funds to purchase the minimum lot size specified during the IPO phase is eligible to apply.
To invest, investors will need:
- PAN Card
- Aadhaar or address proof
- Bank account details linked to your Demat account
- The price band is defined as the price range within which investors can bid in a book-building IPO. The final price the company lists at will depend on the available supply and estimated demand based on the bid ranges.
- Yes, you are allowed to modify or cancel your IPO application while the IPO subscription period is ongoing. Once the IPO closes, further changes are not allowed.
- After the IPO window closes, you can check your IPO allotment status via the investment platform you used to apply (such as Anand Rathi) or the registrar's website using your application number or PAN.
- Yes, any shares you are allotted as part of a successful IPO bid must be stored in dematerialized form. This makes a Demat account mandatory to invest in IPOs.
- The subscription period for online IPO investments usually lasts 3-5 days.
- After a company lists on the stock market through its IPO, the shares are traded on stock exchanges like NSE and BSE. Investors who received successful allotment can choose to hold or sell on the open market, while investors who did not get allotted can purchase shares at the current market price.
- No, IPOs involve risks, including price volatility and uncertain market conditions. A listing gain cannot be guaranteed after an IPO, and share prices can even go below the IPO price when trading begins, depending on prevailing conditions and investor sentiment.
