Upcoming IPO 

SME IPO stands for Initial Public Offering of Small and Medium Enterprises. It is the process of selling of securities or shares by privately owned small and medium enterprises to the general public for the first time, after which the company gets listed on the BSE SME or NSE Emerge platform.

An SME IPO allows a small enterprise to raise capital from public investors. Companies with a minimum post-issue capital of ₹ 1 crore and a maximum of ₹ 25 crore are eligible for SME IPOs in India. In order to conduct an IPO, companies have to meet the rules and regulations framed by the stock exchanges and the Securities and Exchange Board of India (SEBI).

An investor can apply for an IPO through the app of any stockbroker in India like Zerodha, 5Paisa or Angel One. One can also apply for IPO by visiting the net banking portal of their bank:

• Log into your net-banking account online.
• Choose the IPO or e-IPO option under the investments heading.
• To finish the verification procedure, provide your bank account information as well as your depository information.
• You are then taken to a screen labeled "Invest in an IPO" after this.
• Choose the IPO that you want to apply for on this page.
• Here, you must specify the "bid price" and the quantity of shares.
• Before placing your bid, carefully read the "Terms & Conditions" document.
• By selecting "Apply Now," you can confirm and place your order.

While brokers offer UPI-based online IPO applications, banks offer both ASBA and UPI IPO applications.

The money is frozen in the investor's account for the IPO when they invest through ASBA. Only after the shares in the IPO are allotted do funds leave the bank account. At this time, investors might also earn interest on their investments.

No, applying for an IPO does not guarantee that you will get shares. As it's a bidding process, allotment depends on the number of bids received in different categories, the price at which investors applied for shares, etc.

No, you can't file multiple applications under the same name for an IPO. It is a rule that anyone who applies multiple times under the same name, demat account, or PAN number will have all of their applications rejected.

If you want to make multiple applications for one IPO, you will need the PAN numbers of more people. You can do this by getting the PAN cards of your family members. After that, you'll be able to submit an IPO application on behalf of each member of your family. But here it is necessary that all the eligible members have a demat account and a PAN number.

While applying for any IPO, these are the determining factors that affect selection of an IPO:

• Company's business and background
• Company's financials
• Promoters of the company and their backgrounds
• Reasons for raising funds
• Number and size of the upcoming projects
• Issue size and issue price
• Risk factors