Closed SME IPOs

A closed SME IPO is that IPO which no longer accepts subscription from investors after the close date passes. SME IPOs, unlike other IPOs, are generally open between three and seven days for subscription. 
Seasoned investors track closed IPO data carefully to make their investment decisions. They use closed IPO information to analyse the attractiveness of current and upcoming IPOs.
A closed IPO can give enough indication about the future prospects of upcoming IPOs. It also sends strong signals about the public demand for IPOs.
 

SME IPO investing can get a little tricky. Historically, even though the fundamentals of the company are good, the stock fails to appreciate. 

The criteria for SME include a track record of atleast 3 years and more, positive cash accruals from operations for atleast 3 years and positive net-worth

Yes, we can apply for SME IPO. The IPO issue is open to NII, retail and sometime QIB investors. The application can be done via ASBA or UPI-based application or submitting forms to your banks or brokers as well. 

SME IPO can be sold the same way any other IPO shares are sold that via DEMAT/Trading account or by calling your broker. 

There are 3 ways to subscribe to a SME IPO:

•    UPI – Online: Go to your Demat Account and then Select the IPO and Apply for the IPO with your UPI ID. You will get the mandate approval in your bank or Google Pay account. You need to approve the mandate to submit your application.
•    ASBA – Online: You need to login to your bank account to apply for the IPO via ASBA. Fill the details like Demat Account Number, PAN Number, Bidding Details and submit.
•    Broker – Offline: To apply an SME IPO, contact your broker to fill the form and submit.