IPO Guide

IPO application is the process of applying for shares offered in an initial public offering. An investor may apply for IPO shares when the public issue is open.

An IPO application is a way to submit bids for an initial public offering. Investors who wish to invest in an IPO must submit their bids as soon as the issue is open and before it is closed for subscription. The process of applying for an IPO is also known as the IPO bidding process.

In India, you can submit bids for an IPO in two ways:

  1. Online IPO application
  2. Offline IPO application (Paper form)

Online IPO applications can be submitted through the online facility offered by banks (netbanking, mobile banking apps) and stock brokers. UPI or ASBA is used as the payment option.

Offline IPO applications can be made by submitting the physical IPO application form to the broker or the nearest bank branches that accept IPO applications.

IPO Application Process

The IPO application process can be carried out through brokers, exchanges, and self-certified syndicate banks (SCSBs) using UPI and ASBA facilities.

Investors may submit only one IPO application per PAN number. If more than one application is submitted under the same PAN number, all applications under that PAN number will be rejected. This rule may or may not apply to IPO applications in the employee and shareholder categories.

IPO Application Procedure

  1. Login to online IPO application offered by a broker or bank.
  2. Select the issuing company.
  3. Fill in the data in the IPO application form.
  4. Review it.
  5. Submit the form.
  6. Complete the payment either through UPI, ASBA Net Banking or by entering the account details in the physical form.