Apply IPO from ProStocks Star

Nowadays, IPO investing is a very popular way to build wealth. In this series, ProStocks offers its clients a free IPO investment opportunity. The trading platforms have been designed in such a way that investors find the process of IPO application very easy. They can make payment by UPI mode for an IPO application. All upcoming and ongoing IPOs are systematically listed in the ProStocks Star trading platform. If you get an IPO allotment then IPO shares directly credited into the ProStocks Demat account.

Current and Upcoming IPO's investment with ProStocks

ProStocks IPO Charge

Prostocks does not charge anything for applying in an IPO through its trading platform. But you need to pay the amount of the IPO application when you get an allotment. And in case you can't get an allotment, your frozen amount in the bank account will soon be released.

Apply IPO by ProStocks Using UPI

The ProStocks Star Trading App makes it easier for investors to navigate the IPO application process, saving time and effort. And provides a seamless experience when they transfer securities and funds between the Demat account and the Trading account. So if you want to make IPO investments, follow the process.

• Login to the ProStocks Star trading App.
• Go to the IPO section and pick up the desired IPO from the ongoing IPO list.
• Select the stock’s quantity and price.
• Now enter your UPI ID and proceed.
• At last you need to approve the request of UPI mandate by going to the specific UPI app.

If you approve the payment request, your IPO order will be successfully placed. You can check your IPO order in the order book or in the previous transaction history. If you wish to change the IPO order, you can only do so if the status of the order has not yet been finalised.

ProStocks IPO Demo Video

ProStocks IPO Allotement Status

Investors can check the IPO allotment status from the given sources:

• Registrar Website who bring the IPO
• Stock Exchanges like BSE and NSE
• Depository house : NSDL and CDSL

If you get an allotment then you also will be notified by E-mail and SMS. And you can check the number of shares allotted to you in your ProStocks Demat account.

If you get an IPO Allotment

• The required amount of the IPO application size will be debited from a bank account.
• IPO Shares will be credited to the ProStocks Demat account.
• After  listing of IPO, you can start trading with those shares in the secondary market.
• If you want to sell the IPO application before listing then you also can do the same in the Gray market.

If you don't get an IPO Allotment

• In case you can't get the IPO allotment due to high oversubscription,  then your blocked IPO application amount in the bank account will automatically get unblocked.
• No IPO shares will credit to your ProStocks Demat account.
• You can apply again as many as IPO you want.

Online IPO Application without UPI - ASBA

If you don't want to use UPI payment service then you have an alternate option for investing in an IPO application, that is ASBA (Application Supported by Blocked Amount). So here you will get all the detailed process of IPO application through ASBA.

Step to Invest in IPOs with ASBA using ProStocks demat account

• Login into your net banking account.
• Go to Investment options, Select IPO.
• Under IPO Page – Select the IPO you wish to invest.
• Provide the required information like PAN No, Demat Account Number(ProStocks - 16 digit DP Number) and number of shares and bid price (including the option to select cut-off price).
• Submit application subject to availability of clear balance in your bank account.

Detail Article on ASBA Process for IPO Investment >> Read

Note: Clients having accounts in that bank who are not offering paperless ASBA application or those clients who do not do online banking has to fill out the physical application and submit it to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.