How can I apply for an IPO?
An IPO is the process by which a company goes public, i.e., offers its shares to the public for
sale for the first time.
- The e-IPO facility on MyGeojit
- The net banking ASBA facility provided by your bank
- Telegram
Electronic trading through broking firms has made investing in IPOs very simple. Once the account is opened with the broker, the investor has to call or login and apply for the IPO. The IPO process is facilitated by brokers, as their system is connected with the stock exchange's main IPO system, and online uploading of forms is carried out.
SEBI has introduced a facility called Application Supported by Blocked Amount (ASBA) in the primary market for investors. In ASBA, the application money remains blocked in the investor’s account till finalization of the basis of allotment in the issue. The application money, to the extent of allotment value, is debited from the bank account only if the investors application is selected for allotment after the basis of allotment is finalized and the non-allotted amount is unblocked
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