IPOWATCH is an independent website about Indian public issues. We built it for retail readers who want one place to see which IPOs are open, how the grey-market premium is moving, how subscription is split across investor categories, and where to check allotment on the registrar’s own site. The site also publishes original guides that explain the process in plain language, from the UPI mandate to the listing day.

Who runs this site

The site is operated as IPOWATCH. The guides and explainers are written by the IPOWATCH editorial desk. We are not a stock broker, we are not a merchant banker, and we are not a SEBI-registered investment adviser. Nothing on the site is an offer to sell securities or a personal recommendation to apply for, skip, buy, or sell any share.

If you want advice that takes your income, goals, and risk tolerance into account, speak to a SEBI-registered adviser. If you want to apply for an IPO, use your own broker or bank app and the official ASBA / UPI process. We do not collect application money and we never ask for your PAN, demat password, UPI PIN, or OTP.

Why the site exists

Indian IPO information is scattered. The price band sits in a red herring prospectus. Subscription totals sit on the exchange bidding pages. Allotment sits on a registrar portal. Grey-market chatter sits in unofficial dealer circles and changes during the day. A reader who only sees a single GMP number can easily treat it as a promise. IPOWATCH exists to put the number next to the context: what it measures, what it does not measure, and which official document actually governs the issue.

We separate mainboard and SME issues on purpose. They follow different listing platforms, different investor mixes, and different liquidity after listing. Mixing them into one undifferentiated “IPO list” hides that difference. The homepage boards, the GMP tracker, the subscription tracker, and the allotment hub are tools. The guides are the reading material that makes those tools usable.

What you will find here

  • Issue trackers for dates, price band, lot size, GMP, estimated listing price, subscription by category, and registrar allotment links.
  • Original guides on applying, reading a DRHP, understanding QIB / NII / retail portions, allotment, refunds, listing day, and the risks that sit beside SME issues.
  • Trust pages — this page, the privacy policy, terms, disclaimer, and a contact form a real person can use.

How we treat data

Dates, price bands, lot sizes, and issue sizes are facts about a public offer. They can still be revised before the issue opens, so the red herring prospectus and the exchange notice remain the source that matters if a figure disagrees with a tracker. Subscription ratios are category totals published during the bidding window. They are often revised after the day ends, and a huge total on day one can be mostly QIB rather than retail.

Grey-market premium is not an exchange price. It is an unofficial indication of what some dealers are quoting for shares that do not exist yet. We show it because readers ask for it, and we label it as indicative. A positive GMP is not a forecast that the share will list at that premium. A negative GMP is not a forecast that you should avoid the issue. Read how GMP works and the disclaimer before you use the tracker.

Company descriptions on an IPO page, when present, are summaries to help you recognise the business. They are not a substitute for the “Our Business” and “Risk Factors” chapters of the offer document. If a page is thin on financials, that is a signal to open the prospectus, not a signal that the financials do not matter.

Corrections

Public-issue data moves. A date shifts, a registrar link changes, a GMP quote from the morning is stale by the evening. If you spot a factual error — a wrong open date, a mismatched lot size, a broken allotment link — use the contact form and include the page URL plus the figure you believe is correct and where you saw it (exchange notice, RHP page, or registrar site). We do not publish reader comments under IPO pages, because comment sections on market sites fill up with tips and price targets that we will not host.

Advertising

The site may show third-party ads, including Google AdSense, once advertising is enabled. Ads pay for hosting. An advertiser does not review our guides, does not place IPO “calls”, and does not get your contact-form messages. How cookies are used for advertising is described in the privacy policy. We do not create pages whose only purpose is to carry ads. Every public URL is either a tracker with an explanation of how to read it, a guide, or a trust page.

How to reach us

The working contact path is the contact form. Messages are stored for the editorial desk and read in the site admin. Please do not send PAN numbers, application numbers, screenshots of your demat holdings, or passwords. We cannot check your allotment for you — that lookup belongs on the registrar’s site, which the allotment hub links to.