We have launched the pre-apply feature for IPOs on Kite.
Earlier, we had not been offering the pre-apply feature for IPOs since it was regulatorily grey. Over the last two years, we engaged in multiple conversations with the exchanges & regulators we have received an understanding that brokers are permitted to collect pre-IPO orders.
Important
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The pre-apply window opens one day before the IPO, offering convenience for early applications. However, the chances of allotment remain the same regardless of when the IPO is applied for.
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This option is not available for SME IPOs.
The process to pre-apply is the same as applying for IPOs normally. However, you will receive the UPI mandate only after the IPO window opens. Check out this support article to learn more.