IPO (Initial Public Offering) is the process by which a private company offers its shares to the public for the first time. It allows companies to raise capital from public investors and get listed on stock exchanges like NSE and BSE.

You can apply for an IPO through ASBA (Application Supported by Blocked Amount) via your bank's net banking, UPI through apps like Google Pay, PhonePe, Paytm, or through your Demat account broker's platform.

The minimum investment depends on the lot size and issue price. For retail investors, the minimum bid amount is usually around ₹10,000 to ₹15,000 per lot. The exact amount varies for each IPO.

Mainboard IPOs are for larger companies with stricter regulations and higher minimum investment. SME IPOs are for Small and Medium Enterprises with relaxed norms, higher risk-reward ratio, and typically higher minimum investment per lot.

Allotment is typically finalized within 2-3 business days after the IPO closes. You can check your allotment status on the registrar's website using your PAN card or application number.

You need a Demat account, a linked bank account with ASBA facility, PAN card, and UPI ID (for UPI-based applications). Your KYC must be completed with your broker.

Yes, you can modify or cancel your IPO application before the issue closes. You can do this through your bank's net banking or the platform where you applied. After the issue closes, cancellation is not possible.

If you don't get allotment, your blocked amount will be unblocked and returned to your bank account within 2-3 business days after the allotment is finalized. No charges are deducted.