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

ICICI Direct allows you to apply for IPOs through your trading account. You could use the ICICIDirect.com website or its mobile trading app to apply in IPO online. It takes just a minute to apply in IPO through ICICI Direct. You could also modify or cancel IPO application, check the status and sell allocated shares through the same website or app.

Steps to apply in IPO through ICICI Direct Website

1. Log in to 'ICICIDirect.com'
2. Click on the 'IPO' link in the left navigation bar.
3. Choose one the available IPO click 'Apply' link
4. Fill the IPO order form and click 'Submit'
5. Click on the 'terms & conditions' box and then click 'Confirm'.
6. Click on the 'order book' link under the IPO section in the left navigation to check the status.

You will receive SMS and email confirming your IPO order execution by the end of the day.

For more detail please read:

• ICICI Direct IPO Review
• How to buy IPO online at ICICI Bank?

You can revise or cancel an IPO application online while the IPO is still open for subscription. You can use the ICICIDirect.com website or mobile app to cancel your IPO order.

Steps to Cancel IPO Application in ICICI Direct

1. Log in to 'ICICIDirect.com'
2. Click on the 'IPO' link in the left navigation bar.
3. Click on the 'order book' under the IPO section.
4. Select the IPO Application and click on 'Withdraw application' or 'Revise bid'.
5. Click on 'OK' on the confirmation window.

Note:

• IPO applications executed in the NII category cannot be withdrawn or cancelled. However, it can be revised during the offer period.
• IPO application can be withdrawn or modified only while the IPO is open.

While an IPO is open for bidding, you can place the order for IPO share anytime (24x7) by visiting ICICIDirect website.

Yes, ICICI Direct customer can place orders to buy & sell shares, apply in IPO, buy mutual funds, trade in Equity F&O over the phone using ICICI Bank Call & Trade service. This service is offered free of charge to all its customers for up to 20 calls in a month. After that customer has to pay Rs 25 per call as Call & Trade fee.

Yes, you can withdraw an IPO Application while the IPO is still open (bidding is in progress). Simply Follow login to ICICI direct website, visit the IPO Order book for placing a withdrawal request.

After successful processing of your withdrawal request, the money will be unblocked in your bank account.

At ICICIdirect.com, IPO application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.

Post IPO is closed the allotment process gets completed within next 5 working days and on the 6th working day the shares are listed on the exchange.

Only 1 IPO application allowed per saving bank account with ICICI Bank.

ISec is an abbreviation for ICICI Securities. ICICI Securities a popular financial service provider to retail investors in India. The company offers its trading and investment products under the brand name of ICICI Direct.

ICICIDirect.com website and ICICIDirect Mobile app are two popular platforms offered by the company for online trading in investment in the stock market, mutual funds, IPO, Fixed Deposit, Bond, NCD, wealth products, Insurance and loans etc.

ICICI Securities Ltd offers a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution.

The company is headquartered in Mumbai and operates out of 75 cities across India. It also has wholly-owned indirect subsidiaries in Singapore and New York.

The ICICI bank permits only one IPO application through a bank account irrespective of the account type as individual or joint.

The IPO application should be on the name of the first account holder.

When applying in an IPO through ICICI bank net banking, you will have to remove the name of the joint account holder. The applicant's name should be as per the PAN number listed on the page.