How to apply for IPO?
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This document provides steps for applying for an initial public offering (IPO). It outlines obtaining the application form from various sources, reading the offer document carefully, filling out the application correctly including applicant details and payment method, and notes that shares will be allotted or funds unblocked within 12 working days. It also reminds applicants not to sell allotted shares before they are listed on the stock exchange.
How to apply for IPO?
- 1. How To Apply for an IPO?
- 2. Step 1 You can obtain application from Syndicate member (Stock broker), Collection centers, Registrar to the issue (RTI), Self Certified Syndicate Bank (SCSB), Bankers to the issue or from the websites of the Stock Exchanges.
- 3. Step 2 You are entitled to receive abridged offer document along with application form. You can obtain full Offer document from Company, SEBI or from the websites of Company, Stock exchanges. Please read the offer document carefully before investing. Do not invest on tips or market sentiments. The offer document is also called as Prospectus.
- 4. Step 3 The application, duly filled, can be submitted to Syndicate member/SCSB, whose contact details will be provided in the offer document/abridged offer document. Before submitting the application, kindly verify the following details and ensure that they are filled correctly:
- 5. • Status of the Applicant • Name of the applicant • Age of the applicant (age of first holder, incase of application is by joint holders) • Depository participant name • DP Account number • Category of the investor • Details of the payment (Cheque or Demand Draft number, Bank name) or Signing the undertaking authorizing the bank to mark lien of the funds PAN • Signature of applicant
- 6. Step 4 While filling the application, ensure that it is filled legibly without any crossing, corrections and over writing. Please strike off the non applicable fields.
- 7. Step 5 If you are making payment by Cheque/Demand Draft, always mention the application form number on the reverse of the draft / cheque. Do not make payment by cash/ postal order / money order.
- 8. Step 6 The shares will be allotted or unblock of amount in your bank account (in case of ASBA applications) with in 12 working days. If payment is made by Cheque/Demand Draft, registrar will dispatch the refund orders with 12 working days.
- 9. Point to remember The shares allotted will be available for sale only on or after 12th working day from the closure of the issue. Please do not sell the allotted shares before listing (generally, in case of Further Public Offering (FPO), investors sell shares before 12th working day and default in delivery).
- 10. A financially aware and empowered India.