ICICI Direct Stock Broker offers its clients the opportunity to invest in mainline IPOs and SME IPO. And it is a free service for IPO (Initial Public Offer) investors and they can invest via UPI payment mode. ICICI Direct provides a list of current and upcoming IPOs with their prospectuses and track records. Investors can easily apply for an IPO online through "icicidirect.com" or the "icicidirect mobile app." Once the IPO is allotted, the shares will be credited to your ICICI direct demat account.
Apply IPO from ICICI direct through UPI
In today's market, UPI is one of the best transaction methods for payments. It is a straightforward service through which we can initiate any trade. To apply for an IPO through UPI at ICICI direct, please follow the given procedure:
- Log in to your ICICI direct account.
- Go to the IPO section and click on place order.
- Now select the IPO from the list and click on Apply Now button.
- Set the cut-off price and the number of shares (number of lots) and proceed.
- For UPI payment select the Other UPI or Registered UPI payment source.
- Enter, submit and confirm the UPI ID address.
- Approve the payment request from the respective UPI app.
- At this step, your IPO bid has been successfully placed.
After allotment, the IPO shares will be credited to the ICICI direct Demat account and will be ready for trading in the secondary market. On the other hand, if you do not receive an allotment, the blocked amount will be released soon. And if you have placed an IPO order, you can change it again.
ICICI direct IPO Apply Demo Video
This demo video will help you understand the process of apply in IPO application.
ICICI direct SME IPO
ICICI direct offers both mainline IPO and SME IPO. Investors can register for both NSE SME IPO and BSE SME IPO through the online platforms. As with the mainline IPO, shares are credited to the demat account after allotment. Therefore, investors must have at least a 2-in-1 account (Demat + Trading) to subscribe to the SME IPO application.
Current and Upcoming IPO's investment with ICICIDirect
List of ICICI Banks ASBA branch can be found on >> ICICI ASBA Branch list
Check IPO allotment status of ICICI direct
After IPO allotment, the shares will be credited to your demat account. And the frozen amount will be withdrawn. If you do not get allotment, no shares will be credited to your demat account and the frozen amount will be released. So, check the allotment status by following the procedure below:
- Log in to your ICICIdirect account through the mobile app or website.
- Go to the IPO section and check the order book.
- If you have received an allotment, you can see the number of shares allotted to you.
ICICI direct IPO Charge
ICICI direct does not charge any fee for registering for an IPO. Investors can register for as many IPOs as they wish. When registering for an IPO, they must agree to the mandate to commit the required funds until allotment. If you receive an allotment, the IPO shares will be credited to your Demat account. On the other hand, if you do not receive an allotment, the blocked funds will be released and no fees will be charged.
ICICI direct platforms for IPO
ICICI direct offers web-based and mobile trading platforms. Through these platforms, many investment products, including IPOs, are accessible to investors. The following ICICI direct platforms are available to investors and traders:
- Icicidirect.com (web-based platform)
- Idirect (mobile application)
- ICICI Trade Racer - desktop terminal
