IPO group application calculator
For friends or family who each apply to the same IPO with their own money: enter each member's applications, how many are allotted and a sale price to see what the allotted applications come to after charges and tax, and how the result splits between members. Every figure is yours to enter.
Group result
Net gain or loss after charges and tax
−₹94.44
−0.21% on the amount paid
- Applications (3 members)
- 7
- Amount blocked
- ₹1,05,000
- Applications allotted
- 3 of 7
- Amount paid (3 × ₹15,000)
- ₹45,000
- Sale value
- ₹45,000
- Gain or loss before charges
- ₹0
- Selling charges
- −₹94.44
- Short-term tax (20% + 4% cess)
- ₹0
- Net gain or loss
- −₹94.44
- Per member (3 members)
- −₹31.48
- Per application (7 applications)
- −₹13.49
- Received after charges and tax₹44,905.56
- Lost to selling charges₹94.44
The amount blocked for applications that aren't allotted is released. Charges and tax are worked out for each allotted application separately, as each is sold from its own account.
Share these figures with your group
Everyone opens the same calculation, with names and amounts filled in.
Anyone with the link sees these figures and member names. Nothing is saved on Eyepio.
Each member's share
The net result of −₹94.44 shared in proportion to each member's applications.
- Member 1−₹40.47
- Member 2−₹40.48
- Member 3−₹13.49
| Member | By applications | Equal per member |
|---|---|---|
| Member 13 applications | −₹40.47 | −₹31.48 |
| Member 23 applications | −₹40.48 | −₹31.48 |
| Member 31 application | −₹13.49 | −₹31.48 |
| Total | −₹94.44 | −₹94.44 |
Tax is generally payable by the PAN holder whose application was allotted; sharing the result doesn't change that. If one person gave another the money to apply, income-tax clubbing rules can apply instead.
How the figures are worked out
- Amount blocked = applications × amount per application. The amount for applications that aren't allotted is released.
- Amount paid = applications allotted × amount allotted per application.
- Sale value = amount paid × (1 + sale price vs issue price %).
- Charges, for each allotted application: STT 0.1%, exchange charges, SEBI fee, brokerage and DP charge, plus 18% GST on all but STT.
- Tax, for each allotted application: (gain − charges other than STT) × 20% short-term rate × (1 + 4% cess). No tax on a loss.
- Each member's share, shown both ways: net result × the member's applications ÷ all applications (by applications), and net result ÷ members (equal per member). Shares are rounded to the paisa and add up to the total.
Worked example
Three friends' families apply: Mahesh and two family members each apply in their own name from their own bank account (3 applications), Ramesh's family the same (3), and Suresh on his own (1). That is 7 applications of ₹15,000, so ₹1,05,000 is blocked. Say 3 are allotted.
If sold 20% above the issue price: ₹45,000 paid, ₹54,000 received, a gain of ₹9,000 before charges. Charges come to ₹103.74 and short-term tax to about ₹1,863, leaving ₹7,033.26. Shared per member, that is ₹2,344.42 each. Shared by applications, Mahesh's family gets ₹3,014.26, Ramesh's ₹3,014.25 and Suresh ₹1,004.75.
If sold 10% below the issue price: ₹40,500 received, a loss of ₹4,500 before charges. With ₹91.23 of charges and no tax on a loss, the group is down ₹4,591.23: ₹1,530.41 per member, or ₹1,967.67, ₹1,967.67 and ₹655.89 by applications.
Illustrative figures only, not from any IPO. Brokerage taken as ₹0 and DP charge as ₹13.5.
Related pages
How many applications get shares in an oversubscribed category is worked out from official figures in the IPO allotment calculator. For one allotment with exact dates and long-term tax, use the IPO return calculator. How IPO applications work is in the IPO guides.
Frequently asked questions
Can one person apply from several demat accounts?
Applications are checked by PAN, not by demat account. Several applications under the same PAN in an IPO are multiple applications and can be rejected. Family members can each apply with their own PAN, in their own name.
Can one member pay for another member's application?
No. Each application has to be paid from the applicant's own bank account or a UPI ID in their own name; applications using someone else's account or UPI ID are rejected. The calculator is for people who each invest their own money.
Why is the amount allotted less than the amount applied for?
When a retail or NII category is oversubscribed, applications are picked by a draw and each one picked gets the minimum application size, whatever amount it was made for. The rest of the blocked amount is released.
How does the calculator share the result between members?
It shows both ways side by side: by applications gives each member a share in proportion to the applications they brought, and equal per member splits it evenly. Both are rounded to the paisa and add up to the group's net result.
Who pays tax when the result is shared?
Generally the PAN holder the shares were allotted to, and sharing the money afterwards doesn't change that. If one person gave another the money to apply, for example a spouse or a minor child, income-tax clubbing rules can tax the gain in the giver's hands instead. Check with a tax professional.
Does the calculator predict allotment or listing gains?
No. You enter how many applications are allotted and the sale price; the calculator only does the arithmetic on those figures.