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Published on Tuesday, September 18, 2018 by Chittorgarh.com Team | Modified on Monday, July 3, 2023
The cut-off time for applying in an IPO on the last day is the time until which an investor can bid for IPO shares on the closing day of the public offering.
While the IPO bidding systems of the BSE and NSE exchanges are open from 10 a.m. to 5 p.m., most banks or brokers stop accepting IPO applications around 2 p.m. to 3 p.m. on the last day.
It is important to know the cut-off time for IPO applications because:
Note:
The Online ASBA IPO Application closes for retail investors by 2 PM at SBI Bank, 3 PM at ICICI Bank, 3 PM at HDFC Bank Net Banking, 3 PM at Axis Bank and 2 PM at Kotak Bank.
Bank | Cut-off Time (on last day) |
---|---|
AU Small Finance Bank | 2:00 PM |
Axis Bank | 3:00 PM |
Bank of Baroda | 3:00 PM |
Bank of India (BoI) | 3:00 PM |
Canara Bank | 4:00 PM |
Central Bank | 4:00 PM |
Central Bank of India | 3:00 PM |
Dena Bank | 3:00 PM |
HDFC Bank |
|
ICICI Bank | 3:00 PM |
IDBI Bank | 3:00 PM |
IDFC First Bank | 3:00 PM |
IndusInd Bank | 2:00 PM |
Kotak Mahindra Bank | 2:00 PM |
Punjab National Bank (PNB) | 2:00 PM |
RBL Bank | 3:00 PM |
SBI Bank | 2:00 PM |
UCO Bank | |
Union Bank of India | 3:00 PM |
Yes Bank | 3:00 PM |
The cut-off time for online IPOs depends on the bank or broker you submit the IPO application to. For ICICI Bank, the cut-off time for online IPOs is 3 pm, and for SBI Bank, the cut-off time is 2 pm.
The IPO Application time on the last day depends on the bank where you file an IPO application. While the IPO bidding platform of the exchanges will remain open until 5 p.m. on the last day, banks will have until 2 p.m. or 3 p.m. to submit the IPO application. Banks will use the remaining time to process the applications before the exchanges' offering platform closes at 5:00 p.m.
The last time to submit IPO applications is 2:00 pm or 3:00 pm on the closing day of the issue, depending on which bank or broker you use. For banks like SBI, PNB and Kotak, the deadline for IPO applications is 2:00 pm, while banks like ICICI, HDFC, Axis, BoB, etc. offer a deadline of 3:00 pm.
HDFC Bank Cut-off Time for IPO Application
Bidding for IPO shares on the stock exchange is possible from 10 a.m. to 5 p.m., when the IPO is open to the public.
However, most banks do not accept IPO bids until 5 p.m. on the last day. The cut-off time for IPO applications varies from bank to bank.
Time until which you can apply for the IPO on the last day
Click here to check the bank-wise complete list.
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For Retail 2 lac and below - 4:30 pm cut off time
And for HNI above 2 lacs - 3:30 pm cut off time.
I applying for very long time request to check your data