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IPO Master is India's comprehensive platform for tracking Initial Public Offerings. Monitor open IPOs currently accepting applications, check real-time subscription data across Retail (RII), Non-Institutional (NII), and Qualified Institutional Buyer (QIB) categories, and make informed investment decisions with our detailed analysis tools.
IPOs currently accepting applications for subscription
2 IPOs currently accepting applications. Don't miss out on investment opportunities!
 Horizon Reclaim (India) Limited HORIZON OPENSME | ₹98-103 ₹52.7L | +50.5% +₹52 Est gain/lot:+₹62.4K | Retail:5.4x sHNI:5.8x bHNI:5.8x | 12 Jun 2026 - 16 Jun 2026 Opens - Closes |
 Susan Electricals India Limited SUSAN OPENSME | ₹120-127 ₹55.4L | +43.3% +₹55 Est gain/lot:+₹55.0K | Retail:4.8x sHNI:5.1x bHNI:6.9x | 11 Jun 2026 - 15 Jun 2026 Opens - Closes |
HORIZON
SUSAN
To apply for an IPO, you need a Demat account linked with a bank account that supports ASBA (Application Supported by Blocked Amount) or UPI-based applications.
Read the Draft Red Herring Prospectus (DRHP), analyze company financials, check Grey Market Premium (GMP), and review subscription trends before investing.
Submit your IPO application through your broker app or net banking using UPI (for retail investors up to ₹5 lakhs) or ASBA for larger applications.
GMP (Grey Market Premium): The unofficial premium at which IPO shares trade in the grey market before listing, indicating market demand and expected listing price.
Subscription Ratio: Shows how many times an IPO has been subscribed across RII (Retail), NII (HNI), and QIB (Institutional) categories.
Lot Size: The minimum number of shares you must apply for in an IPO. Each category has specific lot size requirements set by the company.
DRHP: Draft Red Herring Prospectus is a preliminary document filed with SEBI containing company details, financials, and the purpose of the IPO.
Real-time heatmap of top performing and declining Nifty stocks by market activity
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An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time on a stock exchange. In India, IPOs are regulated by the Securities and Exchange Board of India (SEBI) and companies can list on BSE (Bombay Stock Exchange) or NSE (National Stock Exchange). Retail investors can apply through ASBA or UPI during the subscription period.
Mainboard IPOs are by larger, established companies with a minimum post-issue capital of ₹10 crores and stricter compliance requirements. SME (Small and Medium Enterprises) IPOs are for smaller companies listing on NSE Emerge or BSE SME platforms, with post-issue capital between ₹1-25 crores. SME IPOs typically have higher risk but can offer higher returns, while Mainboard IPOs provide more stability and liquidity.
Grey Market Premium (GMP) is an unofficial indicator of IPO demand based on trading in the grey market before the official listing. While GMP can provide insights into market sentiment, it is not always accurate and should not be the sole basis for investment decisions. GMP tends to be more reliable for Mainboard IPOs than SME IPOs, and market volatility can significantly impact its accuracy.
After the IPO subscription period closes, allotment is typically finalized within 5-6 working days. You can check your allotment status on the registrar's website (such as Link Intime, KFin Technologies, or Bigshare Services) using your PAN number or application number. IPO Master also provides allotment tracking features to help you stay updated on your applications.