---
title: "What happens after a bid for an IPO is placed?"
description: "After you place your bid, the exchange submits it to the bank via the National Payments Corporation of India (NPCI) to get the mandate request on your…"
category: arrow
subcategory: ipo
slug: what-happens-after-a-bid-for-an-ipo-is-placed
canonical: https://support.arrow.trade/arrow/ipo/what-happens-after-a-bid-for-an-ipo-is-placed/
---

# What happens after a bid for an IPO is placed?

> After you place your bid, the exchange submits it to the bank via the National Payments Corporation of India (NPCI) to get the mandate request on your…

## Short answer

After you place your bid, the exchange submits it to the bank via the National Payments Corporation of India (NPCI) to get the mandate request on your UPI app.

When you approve the UPI mandate, your IPO application is completed. The company's registrar will assess your application during the share allotment process. If you receive shares, they will be deposited into your demat account one or two days before the listing date.

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Source: https://support.arrow.trade/arrow/ipo/what-happens-after-a-bid-for-an-ipo-is-placed/
Publisher: Arrow / iRage Broking Services LLP