You can apply for an IPO on Rupeezy between 10:00 AM and 5:00 PM on any day the issue is open for subscription — usually a window of about three working days between its open date and close date. Within that window, you also need to approve the UPI mandate in time for your application to go through; if you're applying on the last day, bid and approve the mandate well before 5:00 PM.
Which days and times can I apply?
- Open to close. An IPO accepts bids only on the days its offer document specifies — typically 3 working days. Weekends and exchange holidays don't count.
- 10:00 AM to 5:00 PM each day. This is the exchange's standard bidding window, and it applies the same way across every broker, not just Rupeezy.
- Before the issue opens. You can set up your bid ahead of time with Pre-Apply — see How do I pre-apply for an IPO?.
The exact open and close dates are shown with each IPO in the app.
When do I need to approve the UPI mandate?
Approve the UPI mandate as soon as you apply. An application whose mandate isn't approved in time lapses — one of the most common reasons an application is rejected. See Why was my IPO application rejected?
Can I change my application after applying?
Only while the issue is still open for bidding. Modifying or cancelling an application works during the bidding window; once bidding closes for the day, or the issue closes, the application is locked in. No new bids, modifications or cancellations are accepted after 5:00 PM on the last day the issue is open.