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When can I place an IPO order on Zerodha?

During the IPO period, the order window is open on trading days between 10 AM and 4:30 PM. A bid placed with Zerodha has to be verified and submitted to the exchange within the order window after which you will receive a UPI mandate request.

The validation and subsequent submission is not real-time and can take any time between a few minutes to a few hours. Since the exchange may not accept bids after 5 PM, the bids collected on the last day after 3 PM are submitted to the exchange on a best effort basis. It would be good practice to submit your IPO bid before 3 pm on the last day. The IPO window for HNI clients is subject to change and currently closes at 4 PM on the last day of bidding. Bids collected after 3 PM are submitted to the stock exchange on a best-effort basis.

Click here to learn more about placing bids in an IPO.