Are IPOs safe?

The IPO is governed by the Issuance of Capital and Disclosure of Information Regulations (ICDR) issued by SEBI. SEBI's strict norms make the IPO a safe process.

You can apply for an IPO online or offline at your convenience. When you apply for an IPO, the money for the IPO application is blocked in your bank account which you cannot use for any other purpose. The money will not be withdrawn until you receive an allotment for the IPO. If you do not receive an IPO allotment, the funds will be released to the IPO on a set schedule. So your money stays safely in your bank account.