How to apply IPO online?

Introduction

When a company decides to go public, it opens up its shareholding rights and issues for the general public through IPO (Initial Public Offering). The medium of going public has to be one that has been authorized by a regulatory authority. In India, this job is done by SEBI (Securities and Exchange Board of India). SEBI is the main body that defines the structure of an IPO in India. As part of this duty, SEBI mandated a process known as ASBA, which refers to “Application Supported by Blocked Amount”. It was mandated and authorized that ASBA will be a preferred and model structure of application for an IPO. To know more you can check our Primary & Secondary Securities Market series

Prerequisites to apply for an IPO

You require following things to apply for an IPO:

  1. You need to have a Tradebulls Client Code, if not you can Open an Account with Tradebulls.
  2. You need to generate a UPI ID, to know more click here

Steps to Apply for an IPO

  1. Visit to Tradebulls website & Login with your credentials
  2. Click on Apply IPO after Logging in to Tradebulls website Apply IPO
  3. Select an IPO which you want to apply from Select IPO option and click on APPLY Select and Apply
  4. Check all the details before applying for an IPO & click on Submit You can edit IPO lots & No. of Equity shares field Submit
  5. Enter your UPI ID and select your Demat then click on Apply Select UPIID
  6. Accept the mandate request from your UPI app

You will receive an SMS from the exchange confirming your application by end of the day

  1. In case you want to check your status, you can visit to Tradebulls website & Login with your credentials Search
  2. Select the IPO for which you wish to know the status & click on Search.You can check the application status column in the status table Status Table

Conclusion

IPO bidding process was never so streamlined as it has become now with the Tradebulls platform. The whole mix of synergetic research that goes on at Tradebulls has allowed the creation of an investor-friendly platform for the ultimate financial benefit of our customers. In case you wish to know more, kindly click on the mentioned link:
https://www.tradebulls.in/.

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Company BID Date Price Range Min. Shares
MTAR TECHNOLOGIES LIMITED 03 Mar - 05 Mar 2021 574.00-575.00 26