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In the financial markets, IPO is something highly talked about. If you go through financial news now and then, you might already be aware of the hype that surrounds IPO/Initial Public Offering in the market. But what is this hype all about?
Published on 11 July 2022
IN 15 MINS*
Well, an IPO investment has the potential to offer the investor with high returns by investing in a company the moment it debuts on the share market.
But the common question which might come to your mind is; how to apply for an IPO in India? The procedure is slightly different and may seem complicated if you are a first-time investor.
To apply for an IPO online, you need your mobile number linked to your bank account and need to fill an ASBA form. Let’s look at what ASBA is.
ASBA is the acronym of Application Supported by Blocked Amount. It is an efficient method for applying for IPOs in the country. So, when you invest in an IPO through ASBA, the investment funds get blocked in your account. And the money leaves your account only if you are allotted shares in the IPO. The best part is that you are also eligible to earn interest on the funds during this period. It is worth mentioning here that SEBI has made ASBA mandatory for investing in IPOs.
You can apply for IPOs online, and the process is quite simple. Here’s a step-by-step guide for the same:
Technically, if you are an adult and are competent enough to enter into a legal contract with an organization, you are eligible to invest in an IPO of any company. But, of course, you’ll need to have a few important documents like a PAN card duly issued by the Income Tax department.
Apart from this, you’ll need to have a Demat account as well. However, having a trading account isn’t mandatory in this case.
Brokers might advise you on opening a trading account for applying for an IPO. If you wish to sell the shares you get on the listing; you’ll need a trading account. Another important aspect to consider here is that when you invest in an IPO, you send an invitation to an offer, which does not amount to a real offer. And only when the IPO issuer offers you a share it will amount to an offer.
It is quite easy to apply for an IPO online if you keep the above-mentioned points in mind. So, the next time you find an interesting IPO option, go for it. And in case you are lucky, you might even get the desired number of shares billed directly to your Demat account.
Sharekhan Designation
Sharekhan Description
Companies always need money to operate and to expand their business. Due to this, they often turn to public investors to source this money. Such companies are termed as ‘issuers’ in the stock exchange of India. And an issuer can do this in two ways; through an IPO or an NFO.
...Read More
The concepts of IPO and FPO should be clear to the investors looking forward to beginning investments in the Indian stock market. The IPO and FPO full form are Initial Public Offering and Follow-on Public Offering, respectively. If we compare IPO and FPO, we will see that these are two fundamental ways a company can raise money from the equity market.
...Read MoreYes. You only need to have a bank account with a net banking facility, and you can apply for an IPO online in just a few easy steps.
No. But you need to have a Demat account to invest in an IPO in India. However, if you wish to sell your shares, you’ll need a trading account for the same.
You can make an offline application by submitting a filled-up application form to the designated collection centre. You will have to fill in details like your name, PAN number, Demat number, bid quantity, bid price, and submit the ASBA application to a Self-Certified Syndicate Bank (SCSB).
You can apply for IPOs when they are first launched in the primary share market. You can also buy an IPO stock when they are traded in the secondary market.
This could be a challenge. However, in case you are interested, you can find tips about the same in equity market websites, newspapers and other publications. You can also search for them in Google News with search words like IPO/IPOs. Or you could also follow your broker’s website.
No. If it’s found out that you’ve applied for multiple IPOs with the same PAN and Demat account, your application will be rejected.
Companies always need money to operate and to expand their business. Due to this, they often turn to public investors to source this money. Such companies are termed as ‘issuers’ in the stock exchange of India. And an issuer can do this in two ways; through an IPO or an NFO.
...Read More
The concepts of IPO and FPO should be clear to the investors looking forward to beginning investments in the Indian stock market. The IPO and FPO full form are Initial Public Offering and Follow-on Public Offering, respectively. If we compare IPO and FPO, we will see that these are two fundamental ways a company can raise money from the equity market.
...Read MoreYes. You only need to have a bank account with a net banking facility, and you can apply for an IPO online in just a few easy steps.
No. But you need to have a Demat account to invest in an IPO in India. However, if you wish to sell your shares, you’ll need a trading account for the same.
You can make an offline application by submitting a filled-up application form to the designated collection centre. You will have to fill in details like your name, PAN number, Demat number, bid quantity, bid price, and submit the ASBA application to a Self-Certified Syndicate Bank (SCSB).
You can apply for IPOs when they are first launched in the primary share market. You can also buy an IPO stock when they are traded in the secondary market.
This could be a challenge. However, in case you are interested, you can find tips about the same in equity market websites, newspapers and other publications. You can also search for them in Google News with search words like IPO/IPOs. Or you could also follow your broker’s website.
No. If it’s found out that you’ve applied for multiple IPOs with the same PAN and Demat account, your application will be rejected.
Sharekhan Comtrade Private Limited (TM) operates the web site accessible from the URL www.myespresso.com (the “web site”').
Sharekhan Comtrade Private Limited is committed to protecting your privacy and utilising technology that gives you the most powerful, safe, online experience that you can get anywhere else.
Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.Sharekhan Comtrade Private Limited does, however, gather certain information that is provided by you to the Web Site. Sharekhan Comtrade Private Limited believes that by collecting this information Sharekhan Comtrade Private Limited is able to provide you with a personalised web experience, and to assist its own sales team and advertisers in efficiently reaching an appropriate audience.
Sharekhan Comtrade Private Limited requests the minimum information it believes necessary to achieve this goal.
The following discloses Sharekhan Comtrade Private Limited's information gathering and dissemination practices for the Web Site:
Sharekhan Comtrade Private Limited uses your IP address to help diagnose problems with our server and to administer the web site. Your IP address is used to identify you and your shopping cart and to gather broad demographic information.
The Web Site's registration form may require users to give us contact information (like their name, phone number and e-mail address), unique identifiers (like their PAN Number) and demographic information (like their pin code, age or income level). The Web Site uses customer contact information from the registration form to send the users information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Comtrade Private Limited's partners. The customer's contact information is also used to contact the visitor when necessary. Unique identifiers (such as PAN numbers) are collected to verify the user's identity. Demographic and profile data is also collected at the Web Site. We use this data to tailor the visitor's experience at the Web Site, showing them contents that we think they might be interested in, and displaying the contents according to their preferences. This information is shared with advertisers on an aggregate basis.
This site contains links to other Web Sites which are not necessarily been screened or reviewed by www.myespresso.com. Sharekhan Comtrade Private Limited is neither responsible for the privacy practices or the contents of such Web Sites nor shall be held answerable for the inaccurate, inappropriate or offensive data, material, information, products and services that may be viewed on those sites.
Sharekhan Comtrade Private Limited may operate a number of co-branded sites. Policies regarding information collection and sharing may differ on some of these co-branded sites. If you have any particular questions, you should check the privacy statement that appears on each co-branded site.
The Web Site uses an order form for customers to request information, products and services. The Web Site collects visitors' contact information (like their mobile number or e-mail address), unique identifiers (like their PAN number) financial information (like their account or credit card numbers) and demographic information (like their pin code, age or income level). Contact information from the order form is used to send orders, information about Sharekhan Comtrade Private Limited, and promotional material from some of Sharekhan Comtrade Private Limited's partners to the visitors of the Web Site. The visitor's contact information is also used to get in touch with the visitor when necessary. Financial information that is collected is used to check the users' qualifications and bill the user for products and services. Unique identifiers (such as PAN numbers) are collected from Web Site visitors to verify the user's identity.
The Web Site's online surveys ask visitors for contact information (like their mobile number or e-mail address) and demographic information (like their pin code, gender, age or income level). The Web Site uses contact data from its surveys to send the user information about Sharekhan Comtrade Private Limited and promotional material from some of Sharekhan Ltd.'s partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below. Demographic and profile data is also collected at the Web Site. The Web Site use this data to tailor its visitor's experience at the Web Site, showing them content that it thinks they might be interested in, and displaying the content according to their preferences. This information is shared with advertisers on an aggregate basis.
Sharekhan Comtrade Private Ltd run contests on the Web Site in which we ask visitors for contact information (like their e-mail address). Sharekhan Comtrade Private Limited uses contact data from its contests to send users information about Sharekhan Comtrade Private Ltd. and promotional material from some of our partners. The customer's contact information is also used to contact the visitor when necessary. Users may opt-out of receiving future mailings; see the choice/opt-out section below.
Sharekhan Comtrade Private Limited engages the services of an outside advertisement company to display advertisement on the Web Site. These advertisements may contain cookies. While Sharekhan Comtrade Private Limited uses cookies in other parts of the Web Site, cookies received with banner advertisements are collected by the Advertisement company, and Sharekhan Comtrade Private Limited does not have access to this information.
The privacy and protection of your data and information provided to us is of vital importance. Sharekhan Comtrade Private Limited shall ensure to safeguard the security and confidentiality of any information you share with us. Any personally identifiable information of the customers obtained by us shall not be used or shared other than for the purposes to which the customers consents. However security and confidentiality of information cannot be guaranteed cent percent. Hence despite our utmost efforts to protect your personal information, Sharekhan Comtrade Private Limited and www.myespresso.com cannot warrant the security of any information you transmit to us through our online services. Such transmission of your personal information is done at your own risk.
Sharekhan Comtrade Private Limited and www.myespresso.com shall not deliberately disclose customer's personally identifiable information to any unauthorized third person, save and except where such information shall be disclosed in good faith and for the purpose of law for the time being in force or to protect the rights and property of Sharekhan Comtrade Private Limited and www.myespresso.com.
The Web Sites makes chat rooms, forums, message boards and/or news groups available to its users. Please remember that any information that is disclosed in these areas becomes public information and you should exercise caution when deciding to disclose your personal information.
The Web Site supplements the information that you provide with information that is received from third parties.
The Web Site DOES NOT entice by the prospect of a special game, prize or other activity, to divulge more information than is needed to participate in the activity.
Further to the above, in light of the recently notified Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011. (Hereinafter referred to as the Rules)
provided that, any information that is freely available or accessible in public domain or furnished under the Right to Information Act, 2005 or any other law for the time being in force shall not be regarded as sensitive personal data or information for the purposes of Rules.
Such information may be collected in a manner that the client is always aware of the collection and purported usage of the same. The client shall have an option to withdraw consent to share the information. However such intimation shall be required in writing. Such intimation shall only be taken into account from the date on which the same is received. Sharekhan Comtrade Private Limited may choose to stop services to such a client in case such intimation is received. Such information shall only be used for the purpose it is collected.
Clients would be allowed an option not to disclose any information to be collected, provided the same is in compliance with regulatory requirements.
Sharekhan Comtrade Private Limited shall maintain reasonable security practices and procedures and maintain a comprehensive documented information security programme. In the event of an information security breach, Sharekhan Comtrade Private Limited or a person on its behalf shall be required to demonstrate as and when called upon to do so by the agency mandated under the law, that there have implemented security control measures as per their documented information security programme and information security policies and information security policies that contain managerial, technical, operational and physical security control measures that are commensurate with the information assets being protected with the nature of business.
Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don't's) in Vernacular Language :
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