Espresso Sharekhan IPO Apply 2024

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Espresso Sharekhan facilitates 100% online and paperless UPI-based IPO investment process to customers. Investor can apply IPO online through Espresso using UPI payment gateway mechanisms such as Google Pay, PhonePe, or any other BHIM UPI App. Investing in IPO with Espresso is charged with a NIL brokerage fee. The broker allows customers to purchase IPO through Espresso Mobile App or Web platform that have a dedicated IPO section with details about Current IPO, Upcoming IPO, and New Listing IPO. On this page, investor gets the complete details about the Espresso Sharekhan IPO Apply Process via UPI or ASBA Net banking, charges, Pre IPO Apply, IPO Application status, and more.

Espresso Sharekhan IPO Apply Charges

Espresso charges NIL or zero brokerage fees on subscription to any IPO. As the discount broker offers free delivery trading, therefore, it costs nothing to apply to an IPO through Espresso.

Espresso Sharekhan Online IPO apply through UPI

Investor can purchase IPO through Espresso Trading Account using UPI as a payment gateway. One can either apply for IPO online on the Espresso mobile app or website. To invest in IPO, all you need to have is a registered UPI ID that is linked with the same bank account linked with your Espresso Demat Account.

Steps to apply IPO Online in Espresso app via UPI;

1. Login to the Espresso Account on the mobile app.
2. Click on the 3 lines menu option and tap on the "E-Apply".
3. It will direct you to a new page where IPO, Tender Offer, and OFS tabs will appear on the top.
4. Click on the "IPO", here current IPO, Upcoming IPO, and new listing IPO options are available.
5. Tap on the "Current IPO" and among the list of open IPOs, click on the IPO of your choice.
6. Now, click on the "Apply" option respective to the IPO you wish to apply for.
7. An IPO Application form will be displayed on the app screen.
8. Select Demat account number, and category, and enter IPO bid quantity and price.
9. Now, enter your UPI ID and select UPI handles such as @ybl, @okicici, @okhdfcbank, and @okaxis.
10. Accept terms & conditions, tap on the "Place order", and then "Confirm order".
11. Open the UPI app and accept the UPI payment mandate request to authorize the bid payment.

IPO bid amount gets blocked into the Demat Account and once the IPO allotment is out, in case of full allotment, funds will get debited or in case of rejection, funds will be released back into the bank account.

Espresso Sharekhan IPO Apply with UPI Demo

Check the demo on how to subscribe to an IPO in Espresso web or mobile trading app for Free.

• Apply IPO online on the Espresso App
• Apply IPO online on the Espresso Web

Espresso Sharekhan IPO Apply without UPI via ASBA Net Banking

ASBA (Applications Supported by Blocked Amount) is a facility offered by the bank to allow customers to subscribe to an IPO. If you have an account with ASBA supported banks like ICICI, SBI, Axis, HDFC, etc. then you can apply for an IPO through the bank's website.

Espresso IPO Apply process via Net Banking ASBA;

1. Log in to your net banking account.
2. Search for the "IPO offerings" section.
3. Check the list of ongoing IPOs, and Click on the "Apply" option respective to the IPO of your choice.
4. Fill out details like IPO share quantity, price, and the Espresso Demat Account number details.
5. Re-check all the details and place an IPO order.
6. Once done, it will authorize you to block the application money in your bank account. Upon successful allotment, the IPO application amount gets debited or else unblocked.

Espresso Sharekhan IPO Application Status

Investor can track the application status online in Espresso App. Once you have bid for an IPO, it will be reflected in the "Reports" section under the "IPO" tab. The Track order window will show you the complete details such as bid price, quantity, order value, IPO application number, order ID, and order status as "Accepted".

Espresso Sharekhan Pre IPO Apply

Today, you don't have to rush to apply for IPOs as one can bid for IPO even before the IPO subscription opening date. Espresso offers a pre-IPO Apply feature to allow customers to place the IPO apply order before the IPO start date or even after market hours. The feature is available on its website as well as its mobile trading app. The pre-IPO apply feature is usually activated within 4-5 days before the IPO open date. Once the IPO opens for bidding, then the Pre Apply orders will be sent to the exchange.

Important points about Espresso Pre IPO Apply Feature

• Once an IPO is available for pre-apply, then it will show as Pre IPO order is Open.
• Money left in your Espresso Trading account will not be blocked for Pre Apply IPO.
• You can place pre IPO order using the Espresso app or trading website.
• Once pre-Apply IPO order is placed, the order status will show as "Accepted" and Authorization as "Pending". The UPI mandate request will be sent only once the IPO opens for subscription or during the IPO period.

Espresso Sharekhan IPO Apply Platform

1. Espresso Website: Espreso Web is its trading website that is compatible across all browsers like Chrome, Firefox, and Safari. The platform doesn't require to be downloaded and can be accessed directly through supported browsers on laptops, mobile, or desktops.
2. Espresso Mobile App: Espresso has an all-in-one mobile trading app to meet all of the trading and investment needs whether equity, F&O, commodity, currency, IPO, buyback, and OFS. Client can download the Espresso app on Android devices as well as apple smartphones.