Nuvama (Edelweiss) IPO Review (Apply Steps, UPI and Allotment Status)

Nuvama Wealth is a full-service stockbroker. For over 10 years, Nuvama Wealth is providing a range of financial services to Indians and NRIs. Customers can trade in stocks, derivatives, currencies & commodities. They can also invest in Mutual Funds, Corporate Deposits and Insurance etc.

Nuvama Wealth offers both online and offline trading services. Customers can use the desktop, mobile and web platforms provided by the company to trade online. Nuvama Wealth offers free trading software to all its customers. For those, who are not able to or comfortable trading online, cal & trade facility is provided. Besides that, a dedicated Relationship Manager is provided to customers to get assistance on trading.

Nuvama Wealth has a dedicated research team who offer investment advice to the customers. The research is offered based on the technical and fundamental analysis of the stocks.

Initial Public Offer (IPO)

Initial Public Offer or IPO is the process through which a company gets listed on the exchange. A private limited company takes the IPO route to sell its shares to the general public for the first time.

Investors are categorized into 3 categories- Retail Individual Investors (RIIs), Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs). Each investor category has a fixed allotment quota. The quota is fixed is in the ratio of 35: 15: 50 for RII, NII and QIB.

IPOs have become an attractive investment opportunity for investors. Over the years, we are witnessing increased participation from retail investors.

Nuvama Wealth Customers - Apply in an IPO

Nuvama Wealth doesn't offer Online IPO Application services to its customers. You cannot apply in an IPO using the trading platforms of the company. However, there are 2 ways Nuvama customers can apply for an IPO-

1. Submit an application at Nuvama office

Nuvama customers can apply for an IPO by collecting and submitting the IPO Application form at Nuvama offices.

How to apply in an IPO through Nuvama branch office?

1. Visit the nearest Nuvama branch and fill the IPO application form. You need to provide information on No. of lots, price, ASBA account number and Demat Account Number etc.
2. Submit the form at the branch office

2. IPO application through ASBA

Nuvama customers can also apply in an IPO's using 'Net Banking' facility offered by their bank.  Most banks including Axis Bank, HDFC Bank, ICICI Bank, SBI Banks, etc. are in the list of Self Certified Syndicate Banks (SCSBs). SCSBs are allowed by SEBI to accept online IPO applications.

The ASBA application process is simple and fast. You would need your banking details and Demat account details while applying for the IPO.

Steps to Apply in an IPO through ASBA

Following are the steps Nuvama Wealth customers need to take to apply in IPO's using net-banking facility of their banks.

1. Log in to your net banking account.
2. The first time, you may be asked to register or activate your IPO services.
3. Visit 'IPO investment/ASBA' section of the website.
4. Choose your bank account from which you would like to invest in IPO. It will list all the active IPOs available for applying. Select the desired IPO.
5. Fill the IPO details like price, number of lots and your DP details etc
6. Confirm your details and Submit.

You will get a confirmation from the bank for the successful submission of the application.

The allotted shares (if any) will be credited to your Nuvama Wealth Demat Account. The shares will be available for selling on the day of listing of the company in the exchange.

The total application amount for the IPO is locked in your bank account. Once the allotment is done, the amount is debited from the bank account. The blocked money earns interest for the period for which it is blocked.

Frequently Asked Questions

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