How Can One Apply for an IPO?
One can bid for IPOs through the online or offline method.
In this method, the interested investor needs to fill the requisite physical form and submit the same to the IPO banker or the broker.
One can directly log into the online trading portal, offered by one’s broker. In this case, the data is directly retrieved from one’s trading and Demat account. This simple method is preferred by a majority of investors.
In case of a book-built IPO issue, the rationale of allotment is confirmed within 10-12 days and the demat credit of shares allotted promptly follows.
After receipt of the shares and the listing of the company stock, one can sell the shares via a trading account.
SEBI has enabled a convenient feature called ASBA (Applications Supported by Blocked Amounts). The benefit is that one need not have to pay for shares till the final allotment is made.
The amount is debited from the bank account only to the extent of the payment for allotted shares. For example, if an investor applied for shares worth Rs. 1 lakh but was allotted shares worth only Rs. 50,000, then only Rs 50,000 would be debited from the bank account, and the hold on the remaining Rs. 40,000 would be removed from the bank account.
HOW TO CHECK ALLOTMENT STATUS IN IPO-REJECTED REFUND APPROVED STOCK SHARE MARKET NSE BSE SEBI DATES:
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