Is IPO mandate available till next day (or) Next trading day because here it is mentioned as next day. Please confirm.
https://www.chittorgarh.com/glossary/upi-ipo-application/170/#:~:text=You%20can%20apply%20in%20an,PM%20on%20the%20last%20day. UPI IPO Application Benefits over ASBA Apply for IPO through any broker including discount stock brokers like Zerodha and Upstox. You can apply in an IPO till 5 PM on issue closing day. You have time till 12 PM on Issue Closing Date''s next day to approve the UPI mandate. This gives you ability to cancel your IPO application for additional 22 hrs. The banks (ASBA) stop accepting any modification by 2 PM on the last day. Similar to ASBA, UPI IPO application is free.
Buy business not GMP. Sudden shift of interest after GMP trades is disheartening to see. CDMO business is yet to be successful in India. Only listed company who has bit share in CDMO business is Jubliant Ingrevia and it is going to give good returns.