Apply IPO Online with Stoxkart

Stoxkart’s product portfolio includes IPO offerings means the discount broker provides IPO investment facility to clients. The best part is that the broker facilitates both the Indian as well as NRIs to invest in IPO online. Clients having Stoxkart trading account can apply IPO online through two ways – ASBA (Applications supported by blocked amount) and UPI (Unified payment interface). And the IPO shares allotted to clients will be shown in their Stoxkart demat account. Let’s discuss the process to apply IPO online with Stoxkart including both the ASBA ansd UPI process along with the focus on charges, IPO allotment status tracker, and many more.

What does IPO mean?

IPO stands for Initial Public Offering means a company offering its shares to the public for the first time. In other words, it is the first-time offer of shares sale by a privately held organization to the public to raise capital for funding various projects including expansion, growth plans, and new product development or to repay existing borrowings. Whenever an organization comes with an IPO in the market and gets listed on the stock exchange then it becomes a public company that is partly funded by the public.

Current and Upcoming IPO investment with StoxKart

Online IPO application with Stoxkart via ASBA process

The net banking process to apply for IPO online is the same for every broker. Here’re the steps to buy IPO from Stoxkart following ASBA process;

• Log in with your bank account over internet banking.
• Here, search the investment options and click on it.
• Click on the “IPO” option.
• It will direct you towards a new page which contains details about all the open IPOs, select the one that you want to invest in.
• For the IPO application, enter details regarding your PAN number, demat account number, number of shares you want to apply for, bid price, and others.
• Submit the online IPO application request. Notably, you must assure to maintain the required balance in your bank account otherwise, the application will gets rejected.

Detail Article on ASBA Process for IPO Investment >>Read

Prerequisites for apply IPO online with Stoxkart

• Stoxkart Demat Account
• Stoxkart Trading Account
• A bank account with self-certified syndicate bank

Apply for Stoxkart IPO Online via UPI

UPI is a payment system that allows users to add multiple bank accounts into a single mobile app. The real-time mobile-based payment application enables users to make inter-bank transactions. Stoxkart users can buy IPO online following the UPI process.

Requirements to apply IPO online with Stoxkart via UPI

• Create BHIM UPI ID on the BHIM app.
• Place an online IPO application request on any of the platform.
• Approval of the IPO mandate request on the BHIM App.

Note: UPI ID creation is a one-time process and there is no requirement to create the ID every time whenever you are applying to any IPO. Further, if you’re already an existing BHIM UPI App user, then there is no such requirement.

Steps to buy IPO online via UPI

• Go to the broker's website.
• Log in with your Stoxkart account using your client code and password.
• On the home web page, the "Apply IPO" option will appear, click on it.
• Select the IPO from all the open IPOs and chose the IPO, in which, you want to invest.
• Place online IPO application requests and enter bid details, bid quantity, and bid price.
• Once you have submitted the application request, you’ll get a mandate request on your UPI app.
• Open the UPI app and accept the IPO mandate request.
• It will freeze your money until the allotment date, if on the allotment, shares are allotted then the amount will be debited from your account otherwise, the funds will get rejected.
• If IPO shares are allotted then you will get it in your Stoxkart Demat Account.

Stoxkart IPO Allotment Status

Anyone who has requested to buy IPO online from Stoxkart can check the IPO allotment status anytime. The broker facilitates “IPO status” check facilities to users through the below process;

• Visit Stoxkart’s official website.
• On the home page, click on the “Apply IPO” button.
• Here, on the top, you will see an “IPO Status” option, just click on it.
• Now, enter your PAN number and press the “Search” option.
• Here, you can see the IPO allotment status.

Here is the link to check the IPO allotment status online.

Stoxkart IPO Allotment Status

Alternatively, one can also check the allotment status online on the registrar’s website by entering his/her PAN number and Date of birth.