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BlinkX IPO Apply Review 2024

Rated 3.5/5 by InvestorGain Team
BlinkX IPO and Mutual Funds Investment

BlinkX offers an online IPO application facility. Anyone with a BlinkX demat and trading account can apply for an IPO online with just a few clicks. Would you like to participate in an IPO but don’t know how? Here is a complete step-by-step guide on how to invest in IPOs with BlinkX via UPI or Netbanking, brokerage charges, and more.

BlinkX IPO Apply through UPI

UPI is the preferred and most convenient way to invest in an IPO directly through your stockbroker.
To apply for an IPO with BlinkX, you only need a Demat account, a trading account, and a valid UPI payment address. If you fulfill all these requirements, you can invest in an IPO online in just a few clicks.

BlinkX IPO Apply Process through UPI;

  1. Log in to the BlinkX app.
  2. Under the Xplore tab, go to the IPO option.
  3. Select the IPO you wish to invest in and tap on Apply.
  4. Enter your virtual UPI ID, lot size, and quantity you wish to purchase for.
  5. Verify and submit the order.
  6. Open the UPI app on your mobile device.
  7. Check and approve the payment mandate request on your UPI App.
  8. On successful payment, the IPO application amount will be blocked till allotment.
  9. Once the allotment is finalized and if you get the shares, it will be credited to your BlinkX Demat account otherwise, the money will be released back to your bank account.

Before participating in an IPO, you must ensure that your UPI ID is linked with the same bank account that is mapped with your trading account in BlinkX.

BlinkX IPO Apply Charges

No charges!
Yes, when you invest in an IPO through the BlinkX platform, there are no brokerage fees. This means that you can participate in an IPO for free.

Track all the upcoming, ongoing, and closed or recently listed mainboard and SME IPOs here

BlinkX IPO Apply process through ASBA Net Banking

If you don’t have a UPI app, you can apply for an IPO online through your bank’s net banking portal. Almost all banks, including ICICI, HDFC, SBI, Axis, etc., allow their customers to invest in IPOs.

Even if you choose to invest in IPOs through the ASBA process, you will first need a demat account and a trading account.

Steps to invest in IPO through ASBA net banking;

  1. Log in to your net banking account.
  2. Under the investment option, search IPO.
  3. A list of open IPOs will be displayed, click on the apply option respective to the IPO of your choice.
  4. Fill in the required details i.e., demat account number, lot size, and price, or apply at the cut-off price.
  5. Recheck and confirm the order.
  6. When applying through the net banking process, you do not need to wait for the UPI mandate request as funds are blocked immediately when you place an IPO application order.

BlinkX IPO Research

BlinkX is not only an IPO investment platform for DIY investors but also offers you comprehensive IPO research.

You will get expert insights on the upcoming public offerings in the primary market to make a rational decision whether to subscribe to an IPO or not.

Before you invest, you need to get comprehensive information about the IPO, including the company’s financial performance, profitability record, and experts' opinions about the company you are considering applying for.

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Last Updated on 2nd Apr 2024

FAQs

Yes, you can invest in mainboard as well as SME IPOs with BlinkX. BlinkX App platform has both BSE SME and NSE SME IPOs. You can apply in SME IPO the same way like other regular IPOs using UPI.

 

Trading in IPO started on the day when shares get listed on the exchange. Anyone who get IPO allotment can sell shares on the listing day or after that.

You can simply place a sell order using the BlinkX share trading app to sell IPO shares.

 

You can place an IPO bid online at your fingertips through BlinkX mobile app.

Steps to invest in IPO through BlinkX app:

  1. Log in to BlinkX trading app on your mobile phone.
  2. Under services menu, go to the IPO offerings.
  3. Select the IPO, you want to apply for.
  4. Provide your UPI ID, and enter bid price and quantity.
  5. Approve the mandate request on your UPI app.
  6. Once payment is approved, your IPO bid is successfully placed.