How to apply for an IPO?

IPOs open in market can be applied basically by 3 methods as below.

1) Online with Brokerage platform (Easiest & Common way)

Steps to apply:

a) Login to Brokers App/ Website.

b) Go to IPO Section and Choose Open IPO.

c) Select IPO you wish to apply. Fill the details for investor type- Retail, high net worth individual, Employee, Shareholder, etc. (Note- for individuals applying of 15000rs lot select retail category). Mention Share quantity as per lot size mentioned in IPO details. Add Bid price highest of price range/ at cut-off price. If details are prefilled automatically by broker, check and continue.

d) Continue to payment, check total amount required. Add UPI id of bank from which IPO payment will be done.

e) Check and approve Payment request received during market time to UPI app. Funds will be blocked from account until allotment.

2) Online with Net Banking

Steps to apply:

a) Go to your banks internet banking website/ Application.

b) Login into your account.

c) Go to ASBA/ IPO Section.

d) Choose the IPO and fill in details like Demat account number, PAN, lot size, and price.

e) Submit the request. Funds will be blocked from account.

3) Offline Method

Steps to apply:

a) Collect form from broker/ exchange (BSE/NSE).

b) Fill in the details Demat number, PAN number, Bank details, Price for IPO. Mention category as a Retail individual.

c) Submit form to Broker / designated bank branch.