Usually when you apply for an IPO, you have to pay the entier cost of the lot which is blocked till such time the scrip gets listed. (Usually 30 - 45 days if am not wrong)Partial pay for IPO - Can some one explain what is this pay 25% initially for IPO and once share is alloted pay remaining.
Ex: 100 units at Rs 110 = Rs 11000/-
This Rs 11000 gets blocked till the scrip is listed. ( Usually 30 - 45 days if am not wrong)
Where as with an option of paying 25% you have to pay only Rs 2750 and the remaining 8250 after the IPO is listed and provided you get the allotment.