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.
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.
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.