How do I apply in an IPO?

You can apply for an IPO through:

1. Online IPO Application or
2. Offline IPO Application

The detail of this is provided as below:

Online IPO Application

To apply in IPO's online, an investor has to open a demat account / trading account with financial institution that provide this facility. Most Banks and Stock Brokers in India offer the facility to apply IPO's online. Once demat & trading account is opened, one should follow below steps to apply online.

Steps to apply in IPO Online:

1. First login in your trading account and select the IPO you wish to invest in.
2. Transfer funds from your bank account to your trading account.
3. Select the number of shares you want to apply for and the price at which you want to bid for (or use cut off option) and then press submit button.

If you get the allotment, the shares will be credited to your demat account. The remaining money will be credited to your bank account through ECS. The most convenient way to apply in an IPO online is using 3-in-1 account (bank account, demat account & trading account) offered by banks. The process of applying IPO's online is extremely convenient.

Offline IPO Application

You can apply in any public issue through your bank account. You have to fill the details such as your Name, PAN number, Demat account number, bid quantity, bid price and other relevant details and submit the ASBA application form to the banking branch which has been designated to act as a Self Certified Syndicate Banks (SCSB) for providing ASBA services. After the submission of your application, the bank will upload the details of the application in the bidding platform. Ensure that you fill the correct details in the form, otherwise your application may get rejected.

Note: ASBA forms are available at the designated branches of the bank authorized to act as a Self Certified Syndicate Banks (SCSB). List of the Banks and their designated branches where ASBA form can be submitted is available on BSE, NSE and SEBI website. List of SCSB would also be available in the ASBA application form.