Alice Blue IPO Review (Apply Steps, UPI and Allotment Status)

Alice Blue Financial Services is a Bangalore-based discount stock broker. For over 20 years, Alice Blue has provided a range of financial services including stock and commodity trading at BSE, NSE, and MCX.

Alice Blue has a simple trading plan of Rs 20 for all segments. This offers to trade at the brokerage rate of Rs 20 per executed (irrespective of the size of the order) or 0.05% whichever is lower across the segments at BSE, NSE, and MCX. Equity Delivery (Cash & Carry) trades are offered at Rs 20 per executed order or 2.5% whichever is lower.

Alice Blue offers services to cater to both types of customers, customers who can trade online with minimum assistance from the broker and customers who require timely and personal attention to their trading needs. A dedicated relationship manager (RM) is provided to customers who need personalized assistance. The RM takes care of customer needs and works as one point of contact.

Unlike most other discount brokers, Alice Blue has a team of research analysts who offer free research and advice to all its customers. The research is offered to the customer based on technical and fundamental analysis.

Alice Blue offers free trading software to all its customers.

Initial Public Offer (IPO)

Initial Public Offer or IPO is a set of stocks which the company sells to the public for the 1st time. In this process, the company gets listed on the stock exchange where its stock begins to trade. Privately help companies become publicly traded companies once the IPO process is over.

The private company brings IPO (or sells their shares) to raise funds for upcoming projects, pay debts, sell promoters holding or simply to get the advantages of listing on the stock market.

For investors, IPO offers a great opportunity to buy shares of the company. Retail investors have a fixed quota (35% reserved in most cases) in an IPO. This reservation increases the chance of getting more shares of the company. Some retail investors use this to buy IPO shares for listing gains only, instead of holding the shares for a long time.

Alice Blue Customers - Apply in an IPO

Alice Blue doesn't offer an Online IPO Application to its customers.

As customers have a Demat account with Alice Blue, they can apply in IPOs using the 'Net Banking' facility offered by the bank where the customer has the bank account. Most banks including ICICI Bank, HDFC Bank, SBI Banks, Axis Bank, Kotak Mahindra etc. provide an option to apply for IPO shares online. The process of applying IPOs through net banking is simple.

You need access to net banking and your Alice Blue Demat Account details at the time of applying for IPO Shares.

Once allotment is done, the shares are credited to your Alice Blue Demat Account. You can hold them or sell them from your Alice Blue Trading Account. The process of selling IPO shares is the same as selling any other shares from your trading account.

Easy Steps to Apply in an IPO

Following are the steps Alice Blue customers can follow to apply in IPO's using net-banking offered by their banks.

1. Visit the website of the bank where you have an account.
2. Log in to your net-banking account.
3. Visit 'Online Investments -> Invest in IPO' section of the website.
4. Choose your bank account from which you would like to invest in IPO.
5. Confirm your customer detail for the IPO application.
6. Select the IPO you would like to apply for.
7. Provide your demat account information as below
   • Depository = CDSL
   • DP ID = 12085300
   • DP Account = [Your Demat Account Number]
   • DP Name = Alice Blue Financial Services Private Limited
8. Confirm the information and submit the application.

You get a confirmation from your bank for your application successfully submitted to the exchange by end of the day.

The allotted shares (if any) are credited to your Alice Blue Demat Account. They are available for sell on the day of listing of IPO shares.

The total amount of your IPO application remains locked in your bank account. Once the allotment is done, the amount for which allotment is done is taken from the bank account. The remaining fund is unlocked and available to you in your bank account.

Frequently Asked Questions

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Information on this page was last updated on Thursday, November 23, 2023