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

ProStocks IPO application allows you to invest in IPOs online using UPI (Unified Payment Interface). Prostocks customers can also apply in IPO using ASBA IPO application through the net-banking facility of their bank account.

ProStocks IPO Apply

Applying in IPO through ProStocks is simple and convenient. It's a 3 step process:

1. Create UPI ID using your net-banking app or BHIM UPI app (One Time).
2. Apply in IPO using Prostocks IPO website.
3. Approve mandate notification on your net-banking or BHIM UPI app.

ProStocks IPO Steps

ProStocks IPO application process (step by step guide) is described as below:

1. UPI ID Creation (One Time)

ProStocks offer UPI based online IPO application. ProStocks customer need a UPI ID before applying in an IPO through them. UPI ID can be created using online mobile banking app of your bank or using BHIM UPI App for free.

2. Apply in IPO using ProStocks IPO App

• Login to ProStocks IPO Application using PAN Number as login name and email address as your password.
• Select the IPO from the list of open IPO and click Apply
• Enter your UPI ID, quantity and price
• Submit the application

3. Accept the UPI Mandate

• After a few hours (usually end of the day), you will receive a mandate request on your UPI app (either BHIM or your net banking App)
• Approve the standing instruction (mandate).

ProStocks IPO without UPI

You can apply for an IPO without UPI. You can apply using the ASBA netbanking services provided by your company and give your ProStocks demat account number so that the allotted IPO shares are credited to your account. We have detailed IPO application process for some major banks here-

Online IPO Application through HDFC ASBA

Online IPO Application through SBI ASBA

Online IPO Application through ICICI ASBA

Online IPO Application through Kotak ASBA

Online IPO Application through Axis ASBA

ProStocks IPO Charges

ProStocks IPO application service is free. ProStocks doesn't charge any fees from its customers for applying in an IPO.

ProStocks IPO Allotment Status

ProStocks IPO status check can be done from the IPO registrar's website. Registrar of the IPO (i.e. Karvy, Link Intime) is responsible for IPO share allotment. They publish the allotment status on their website once the allotment is done.

You can also check the ProStocks IPO Allotment Status here at our website. We have a dedicated page for IPO Allotment Status where you can know the status of your ProStocks IPO allotment.

While IPO allotment status is not available on the ProStocks website, you get an alert from CDSL when IPO allocated shares are credited in your demat account.

Prostocks Competitors Review

Information on this page was last updated on Friday, November 17, 2023