![]() ![]() Note: It must be noted that you need ASBA (Application Supported by the Blocked Amount) is mandatory along with the KYC details. Moreover, as the data filled in the application is drawn directly from the bank account details, the probability of any error becomes negligible. We advise our customers to opt the online method as it is easy, convenient and prompt way to apply for the application. Online Application: It can be done via the website or mobile application of the Customer’s bank. Offline Application: A customer can make offline application by visiting the branch of his/her brokerage firm. Once your Demat-cum-trading account is activated, you can apply for IPO in two ways, either online or offline. So, we advise our customers to open the Demat account to avoid any hassle. Still, to trade the allotted shares, it’s mandatory to have a Demat account. Technically, you can apply for an IPO through a simple trading account. You need a PAN card, Bank account details, ID proof, and Address proof to open a Demat account. The process for opening the Demat-cum-trading account is simple. Demat account is a system that facilitates you to store your shares and securities in the Digital form. It’s mandatory to have Demat account if you want to apply for an IPO. Do not forget about Underwriters, as good underwriters back a company whose success ratio probability is maximum. One must study the prospectus and every other information that is publically available regarding the company issuing IPO for better understanding. But still, it’s advisable to take advice from an expert! Do not fall for public opinion Reliance power is a glaring example of such a public hullaballoo! You can do research on that IPO using its prospectus. So, it’s vital to do extensive research before taking any decision. All IPOs are not suitable for the application. The primary step is choosing the right IPO to apply. Let’s take a look at the steps involved in applying for an IPO subscription. PAN and bank account is the pre-requisite to apply for an IPO. Who can apply for an IPO?Īny individual who is an adult can apply for an IPO. In this guide, you will get a piece of detailed information about the pre-requisite and steps for the successful application of an IPO. This shows the interest of the ordinary people in the stock market as well as in IPO. Time and again it’s observed that good IPOs attract up to 8x and 10x bidding applications as compared to the shares available. ![]() Many IPO success stories are prompting people to take more interest in this market. Apart from regular traders and investors, ordinary people too, are participating in the subscription process with an aim to earn a profit. Recently, the IPO market has boomed due to its potential to deliver stellar returns in a shorter period.
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