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India's most anticipated listings this year. Apply early for better allotment chances.
| Company | Sector | Est. Size | GMP | Status |
|---|---|---|---|---|
| Navi Technologies | Fintech | Rs 3,350 Cr | +9% | Upcoming |
| Bajaj Allianz | Insurance | Rs 5,000 Cr | +12% | Upcoming |
| PhysicsWallah | EdTech | Rs 2,500 Cr | +7% | Upcoming |
| HDFC Credila | NBFC | Rs 1,800 Cr | TBA | Upcoming |
IPO allotment is a lottery. One entry per PAN. Apply through separate family accounts to get multiple entries.
Bidding below cut-off disqualifies your application automatically. Never pick a specific price band.
Last-day technical failures are common. Early applications process faster and leave room to fix issues.
You have until 5 PM on the closing day, but do it immediately after applying. Check GPay or PhonePe.
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Always select "Cut-off price" when filling the application form. This gives you the best chance of allotment at any final price.
Open your UPI app (GPay, PhonePe, BHIM) and accept the mandate request immediately after applying. Do not delay.
Allotment is announced within 6 days of IPO close. Check at the registrar's website or directly in your Swastika app.
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Jio Financial Services has strong brand recognition and Reliance group backing. The financial services business has long-term potential. It is priced at a premium, so investors with a 3 to 5 year horizon can apply. For listing gains, watch the GMP in the final days before the IPO opens.
Allotment is a lottery — each PAN gets one entry regardless of lot size. To multiply your chances, apply through separate accounts: your own account, your spouse's account, a HUF account, and a minor child's guardian account. Each has a separate PAN and counts as an independent application.
Yes. A HUF (Hindu Undivided Family) has its own PAN number, separate from the Karta's individual PAN. You can apply for an IPO using the HUF's demat account. This counts as a separate application and gives you one additional allotment entry.
NSE India is a near-monopoly exchange with dominant market share in equity derivatives trading. The co-location controversy is largely resolved. It is one of the most fundamentally strong IPOs expected in 2026. The GMP has been consistently high, indicating strong market interest from retail and institutional investors.
SEBI mandates that one lot of an IPO must be priced between Rs 10,000 and Rs 15,000 approximately. The minimum application is one lot. You need this amount blocked in your bank account via UPI mandate for the duration of the IPO subscription period.
GMP stands for Grey Market Premium. It is the unofficial premium at which IPO shares trade before the official listing. A GMP of +20% means the market expects shares to list 20% above the issue price. GMP is a demand indicator but is not guaranteed — actual listing prices can vary significantly.
Accept the UPI mandate immediately after submitting your application. SEBI rules allow until 5 PM on the closing day, but delays are risky. Check your UPI app (GPay, PhonePe, BHIM, or Paytm) right after applying and accept the mandate without waiting.
No. IPO applications through Swastika Investmart are completely free. There is no brokerage, no processing fee, and no hidden charges. You only pay the actual issue price if you receive allotment, and that is deducted from your bank account via UPI after allotment is confirmed.
Yes. NRIs can apply for IPOs in India through their NRE or NRO demat accounts. They need to use ASBA through their NRI bank account. Some IPOs restrict NRI participation, so check the specific IPO's DRHP before applying.
Applying on Day 1 or Day 2 reduces technical risk. IPO portals face heavy traffic on the last day, causing timeouts and failed applications. Early applications also give more time to resolve UPI mandate issues. Allotment itself is not affected by which day you apply — all valid applications are treated equally in the lottery.
