What IPO markets does Desipoly offer?

Listing-day pop/flop markets ('Will Zepto list above its issue price?'), subscription-multiple markets ('Will the QIB portion be subscribed over 10x?'), listing-timing markets ('Will Company X list by Q4 2026?'), and post-listing price milestone markets.

What is the resolution source?

For listing-day and price markets, the NSE (nseindia.com) official quotations. For subscription data, SEBI/stock-exchange official subscription disclosures. For timing markets, SEBI DRHP/RHP approvals and exchange circulars.

What counts as a 'pop'?

Each market defines pop precisely — typically 'Will the closing price on the NSE on listing day exceed the upper end of the issue-price band?' or 'Will the opening price exceed issue price by 20%?' Read the criteria on each market.

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Bet on Indian IPOs

India has one of the most active IPO markets in the world. From Zepto to OYO to Jio to Flipkart, every listing is a spectacle. Desipoly turns each stage — filing, subscription, listing — into a tradable market.

The IPO timeline, briefly

DRHP filing. The company files a Draft Red Herring Prospectus with SEBI.
SEBI observations. SEBI issues comments; typically 2–6 months.
RHP. Red Herring Prospectus published.
Anchor investors. Day before issue.
Subscription period. 3–5 working days.
Allotment and listing. Listing on NSE/BSE typically within 5–7 working days of subscription close.

Market types

Listing timing. "Will Jio Platforms list on NSE by December 31, 2026?"
Subscription markets. "Will the retail portion be oversubscribed 5x?"
Pop/flop markets. "Will Zepto close Day-1 above issue price?"
GMP vs listing. Grey market premium implied pop vs realized pop.
Post-listing milestones. "Will Company X trade above ₹X per share by T+30 days?"

The resolution source: NSE

Every listing-day and price market names the NSE (nseindia.com) official quotations. A human committee reads the closing price, checks against criteria, and proposes the outcome on-chain. Disputes escalate to UMA. Details: how markets resolve.

What moves the price

Grey market premium (GMP). Unofficial OTC market indicator.
Subscription flow. QIB, HNI, retail — each portion publishes running multiples.
Anchor book quality. Strong anchors (Nomura, Fidelity, SBI MF, LIC) signal institutional conviction.
Valuation vs peers. Especially for tech/consumer listings.
Broader market conditions. Nifty drawdowns kill pops. Bull phases amplify them.

A worked example

Two days before listing, "Will Zepto close above its issue price on Day 1?" trades at 62¢. You think retail interest + strong anchor book + GMP of +15% make this closer to 75%. You put $100 USDC into YES at 62¢ — 161 shares.

If Zepto closes above issue price: 161 × $1 = $161. Profit $61.
If it closes at or below issue: $0. You lose $100.

Edge cases

Listing delays. Markets on "lists by [date]" resolve NO if the listing slips. No refund — timing risk is real.
Withdrawals. Companies sometimes withdraw after SEBI clearance. Criteria specify the fallback.
Upper circuit on Day 1. A stock that hits upper circuit during listing day still resolves per the closing price.

Why IPO markets work

IPO pops are driven by observable signals — GMP, subscription flow, anchor book — and by genuine dispersion of opinion. Retail and HNI investors often disagree with institutional views, and prediction markets surface that disagreement cleanly.