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Apply IPO Online with SAMCO|Upcoming and Current IPO 2024

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Apply Online IPO with SAMCO 2020

SAMCO, one of the top discount brokers of India facilitates online IPO applications to its clients to invest in such companies that are about to list on Indian Stock Exchanges. The company has launched an online IPO application through UPI (Unified Payment Interface) from SAMCO Star. If you have a SAMCO trading and demat account, then you can buy an IPO with SAMCO using UPI app on your mobile. Before the availability of UPI, SAMCO provides the facility applying in IPO through ASBA (Application Supported by Blocked Amount) process using the net banking portal. Here you will get a quick review of SAMCO IPO application, including the summary of current and upcoming IPO with SAMCO, steps to apply for IPO with SAMCO, SAMCO IPO application charges, SAMCO IPO allotment status, and much more.

SAMCO IPO Application Process:

Anyone with SAMCO account can apply for IPO through SAMCO via two methods;

Apply IPO through the UPI process: Clients can use UPI 2.0 enabled app to buy IPO online with SAMCO.

Applications supported by a blocked amount (ASBA) process: Before UPI, ASBA was the only method to apply for IPO online. IPO application request is placed through the net banking portal of your bank.

Current and upcoming IPOs with SAMCO

Apply IPO online with SAMCO UPI:

To apply for an IPO with SAMCO, UPI is one of the easiest ways and preferred platform. Here are the steps of the online IPO application process via UPI 2.0:

  • Create UPI ID: For investing in IPO using UPI 2.0, you need to create a UPI ID through UPI enabled app on mobile. It is a one-time process after which you can make payments easily from the same ID whenever you apply for IPO. For this, clients can use any BHIM UPI App or mobile banking app offered by ICICI, HDFC, and others.
  • Login to SAMCO Star: To invest in an IPO with SAMCO, you need to login to SAMCO Star from your mobile or web. The first time customers need to make an account with SAMCO StockNote.
  • Click on “Corporate Action” on the menu page and click on IPO.
  • Here you will see the list of IPOs available and open in the market.
  • Select the IPO in which you want to invest by checking SAMCO recommendations and Target Price provided by the broker’s research team.
  • Click on “Apply” to initiate the bidding
  • Now enter UPI ID and submit.
  • Next, you will receive the notification on your UPI app.
  • Click on the notification and pay the amount provided as requested.
  • After mandate approval, IPO application money will freeze until allotment date. According to the IPO allotment status, either the money will be released or debited from your account.
  • You can check the status of your application on the Order Status Page.

Step to Invest in IPOs with ASBA using SAMCO demat account

  • Login to 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 (SAMCO - 16 digit DP Number), and a number of shares and bid price (including the option to select cut off price).
  • Submit the application subject to the availability of a clear balance in your bank account.

What type of account do I need to invest in an IPO with SAMCO ASBA?

To invest in IPO with SAMCO ASBA, you need to have:

  • A bank account with Self-Certified Syndicate Bank.
  • DP account with SAMCO.
  • Trading Account to trade in holding of shares.

Where can I find my SAMCO DP Account Number?

You can find SAMCO Depository Account Number from the welcome letter sent to you, back-office software, your monthly demat holding statement, or calling SAMCO Customer care number.


Applying an online IPO with SAMCO is completely free means you don’t have to pay any charges or brokerage to invest in the IPO.

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Last Updated on 15th Sep 2023


Earlier, SAMCO did not provide an online IPO application but now, it has come up with online investments in IPO using the SAMCO portal in less than a minute. All you need to have is a UPI ID and UPI 2.0 enabled apps on your mobile. 

Steps to apply for IPO in SAMCO:

  • Go to the SAMCO Star page. 
  • Select the “Corporate Action” on the Menu page and click on IPO
  • Here, you will find the available IPOs. Select the IPO you want to apply, enter all the details regarding target price, bid quantity, etc.
  • Click on apply.
  • On the next page, you can change the bid quantity and cut off price.
  • Enter your UPI ID; tick the checkbox to accept the declaration and click on submit.
  • You will receive a notification in your UPI App.
  • Click on the notification, submit your details, and pin to complete the payment.
  • Click on the notification and you will see a pending mandate request. Click on proceed and accept the mandate.
  • Your payment is done and you have bid on the IPO.

Next, you can check the status of your application on the order status page of SAMCO.


Yes. You need a demat account to apply for an IPO with SAMCO. You can make the demat account easily with SAMCO by providing all your basic details and required documents. Demat account is necessary to apply for an IPO with SAMCO or any other broker because once the shares get allotted, they will be credited to your demat account automatically.


All the brokers including SAMCO provide the facility to apply for IPO using the ASBA process. In this process, you need to have a net banking facility available with you with any Indian bank. Follow the steps for applying in an IPO using the ASBA process:

  • Login to your net banking account of any Indian bank.
  • Go to IPO offerings.
  • Enter your Demat account details.
  • From the list of open IPOs, click on the IPO that you want to apply.
  • Enter IPO details such as bid quantity, bid price, etc.
  • Verify and confirm the IPO application request.