Some IPOs set aside a reserved portion for existing shareholders of the parent company or for eligible employees of the issuer. If an IPO has such a reservation and you're eligible, select Existing Shareholder or Employee under Investor Type on Rupeezy's IPO Apply form instead of Individual or HNI — the rest of the application (price, lots, UPI mandate) works the same as any other category.
How do I select the Existing Shareholder or Employee category?
- Follow the same steps as a regular IPO application — go to IPOs, tap Apply on the IPO you want.
- Under Investor Type, choose Existing Shareholder or Employee instead of Individual or HNI.
- Fill in the rest of the form — price (cut-off or custom bid), number of lots, and your UPI ID — and submit as usual.
These options appear only for IPOs that actually offer that reservation. For the full step-by-step on the Apply form itself, see How do I apply for an IPO?
Is "retail" a separate category?
No — Rupeezy's Investor Type options are Individual, Employee, HNI, plus (where eligible) Existing Shareholder. "Retail" is just another name for the Individual category; there's no separate retail option to select.
Am I eligible to apply as an Existing Shareholder?
Eligibility is decided by the Registrar and Transfer Agent (RTA) for that IPO, not by Rupeezy. The RTA checks your PAN against the parent/issuing company's shareholder records to confirm you held at least one share of that company on the record date stated in the issue's Red Herring Prospectus (RHP). You can apply even if you didn't hold those shares through Rupeezy — the check is against your PAN and demat holdings, not against which broker you used at the time.
Each IPO's RHP sets its own specific eligibility criteria for the shareholder reservation portion, so check the RHP for the issue you're applying to rather than assuming the same rule applies every time. See What are Registrar and Transfer Agents (RTA)?
Am I eligible to apply as an Employee?
The Employee category applies only if you're an eligible employee of the company issuing shares, as defined in the offer document, and only for IPOs that carry an employee reservation portion — it isn't available on every IPO.
Can I also apply under Individual or HNI with the same PAN?
Yes. The Employee and Existing Shareholder portions are reserved carve-outs, separate from the public categories, and the offer document treats a bid there plus one bid in Individual or HNI as distinct applications — not as duplicates. So an eligible shareholder or employee can submit one application in the reserved category and one in Individual/HNI on the same PAN, and both count. What stays prohibited is two applications in the same pool — including one in Individual and one in HNI, which both sit in the net public offer. See Why was my IPO application rejected?
Things to keep in mind
- Existing Shareholder and Employee are separate quota pools from Individual and HNI — applying under one doesn't use up or affect your eligibility for another.
- If you don't meet an IPO's shareholder or employee eligibility criteria, your application under that category is liable to be rejected — apply under Individual (or HNI, if eligible) instead.
- Bid-size limits inside the reserved portions are set per IPO in the RHP — check the issue's offer document rather than assuming.
- Some issues offer reserved-category investors a discount to the issue price. Rupeezy records allotted shares at the issue price, so if you received a discount, your average cost in Holdings will show the issue price until you raise a support ticket to have it corrected — see Why is the average price of my IPO shares different from what I paid?.