Geojit IPO Review (Apply Steps, UPI and Allotment Status)

Geojit is a full-service broker in India. The broker offers a wide portfolio including various savings and investment options. It offers a 3-in-1 account integrating Demat, trading and bank accounts. Geojit Doesn't offer banking services but has collaboration with Corporation Bank, South Indian Bank and Federal Bank to provide bank account opening facilities.

Geojit allows investors to trade across Equity, Derivatives, Commodity and Currency segments. It also offers mutual fund and IPO bidding facility. As on 30th Sept 2019, the AUM of the company was Rs 38,000 crore. It has more than 10,20,000 active clients and a total of 470 offices.

Geojit charges 0.3% for equity delivery, 0.03% for Intraday and futures trading. For options stock, the broker charges Rs 75 per lot. You can trade with Geojit broker from multiple channel options such as online, offline and call-n-trade facility.

Geojit IPO

Geojit allows placing IPO bid request online through its Customer Care. Users can try ASBA facility offered by different banks and submit bids with Geojit website.

Geojit provides all the information about an IPO on its website. The Geojit IPO segment contains all the information about new listed, closed, open and forthcoming issues. The retail investors can apply for an IPO online up to Rs 2 lakhs using UPI payment system.

By clicking on the name of IPO you will get the issue related information such as issue price, size, date, lead managers, and other related information.

Steps to apply an IPO with Geojit:

Geojit allows IPO application through ASBA channel. You need to have a bank account with self-certified syndicate banks to apply for an IPO. Here is the process to apply an IPO:

• Log in to your net banking account for online IPO bidding
• Select IPO as an investment option
• Choose the name of the IPO you want to invest
• Provide Geojit DP ID, PAN Number, Bid Price, and Number of shares
• Submit the application and your money in the linked bank account will be blocked till IPO allotment

If you are allotted shares on allotment date, you will get the shares' credited in your Demat account. You can sell the shares from your Demat account by placing sell request through Geojit Trading Account. The IPO shares can only be sold after the IPO is listed on the stock exchange. The process to sell IPO shares is same as selling any other share.

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