IPO listing timings in India are as follows: From 9 am to roughly 9:45 am, any orders for new IPO listings and any re-listed scrips can be modified, placed or cancelled. This is known as the call auction or pre-open session for IPOs. From 9:45 am to 9:55 am, any order modification, placement, or cancellation in the call auction for the pre-open session will be stopped. A buffer period will commence from 9:55 am to 10:00 am which will facilitate the transition between the call auction in the IPO pre-open to the continuous trading session.
Additionally, the determination for the opening price starts, as well as order matching and trade confirmation. From 10:00 am to 3:30 pm, the continuous trading for newly listed IPOs and re-listed Scrips begins. During this time, the exchange moves all market orders that are unmatched to the continuous session at the IPO’s opening price. Now that we’ve clarified the listing time of IPOs, you might be wondering about the pre-IPO stocks which are sold as private placements prior to the IPO being held.
Pre-IPO stocks are sold in large blocks of shares before the official listing, and it is unlikely that they will be available to retail investors. Hedge funds, private equity firms, as well as other institutional investors are likely the ones who purchase these stocks. Additionally, certain high net worth individuals might also be able to participate. Note that any pre-IPO stocks can be risky to buy as there is no guarantee that they will be as successful as their listing price.
To apply for an IPO, you need a demat and trading account, and through your broker, you will have the opportunity to apply. Keep an eye out for major upcoming IPOs and start by researching the companies offering them. The more objective research you are able to do, the more likely you will know whether the IPO is worth investing in.
Disclaimer: It is for information & education purpose only.