Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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-0.75% 28,408 Clients
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Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
TradeSmart is a Mumbai-based broker offering discount brokerage services in stock, commodity and currency trading segments. TradeSmartFintech Securities Ltd, formerly registered as VNS Finance & Capital Services Ltd; is a traditional brokerage company incorporated in 1994 to offer brokerage services to Indian Stock, Commodity & Currency market investors and traders through franchisee and sub-brokers.
TradeSmart leverages technology to offer its various services. It is a complete online brokerage company that enables its customers to trade via personal computers and mobile phones.
Applying for an IPO on the TradeSmart platform is easy. You can apply for an IPO through TradeSmart using any supported UPI app. All you need to do is follow the steps below.
The IPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply. Third-person bank accounts are not accepted.
Place your bid(s). Please note the below points.
While placing the bids, only quantity that is a multiple of the lot size is allowed.
If you wish to apply at the cut-off price, simply click on the checkbox next to ‘Cutoff-price’. If you want to place a bid at a different price, you can do so by entering a price in the ‘Price’ field.
At the end of the day after submitting the IPO bid, you will receive an SMS from the exchange confirming your application. You may also check the status of your bid in the My Applications tab.
This is a limited-time offer. Open Instant TradeSmart Account online and start trading today.
No, you can not apply in IPO using the Trade Smart Online trading account. However, you can use the net banking services of your bank and get the shares, if allocated, credited to the Trade Smart Online's Demat account.
Trade Smart Online is an online discount broker that runs on a low margin business model and leverages technology for trading operations. They offer low brokerage services, at times 60% to 90% lesser than traditional brokers, by cutting down on expenses on branches, human resources and licenses etc.
To offer IPO services, you need to have a license and manpower. The commission on IPOs is small and the expenses are high making it infeasible for discount brokers.
Not only Trade Smart Online, many other discount brokers like Zerodha, Fyers, and Upstox etc., don't offer IPO services.
IPOs are available in lots. A lot is the minimum number of shares you need to bid for during the application process. It is decided by the company as per the guidelines set by SEBI.
Your shares, allocated through an IPO, will be eligible for trading from the listing day. A significant number of investors sell their shares on listing day if the stock gets listed at a price higher than the application price.
To apply for an IPO, you must:
Banks don't charge any fee for IPO applications. You just need to have the application amount, depending on the number of lots, you wish to buy.
TradeSmart Account Opening Enquiry
Pay Rs 15 per executed order, regardless of the size of the trade. Open Instant Account online with TradeSmart and start trading today.
Information on this page was last updated on Wednesday, March 22, 2023
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