Stoxkart online discount broker also provides IPO investment facility to clients. The best part is that stoxkart facilitates both the Indian as well as NRIs to invest in IPO online.
Clients who have a stoxkart trading account can easily apply for an IPO online through the UPI and after then the IPO shares allotted by the client will be shown in their Demat account.
To apply in an IPO, you would need a UPI account in the BHIM app or your net-banking app. UPI ID creation is a one-time process and there is no requirement to create the ID every time for applying to any IPO. Further, if you are already an existing user of BHIM UPI App, then there is no such requirement.
Let’s follow the steps to apply for an IPO online with the Stoxkart:
Note: This will freeze your money until the allotment date and if shares are allotted on the allotment date, then the amount will be debited from your account otherwise, the funds will get rejected. Once IPO shares are allotted then you will get it in your Stoxkart Demat Account.
After requesting to buy an IPO online from Stoxkart you can check your IPO allotment status anytime. The broker provides ‘IPO Status’ check facilities to users through the below process:
You don't require to pay any fee for Stoxkart IPO application services. You can enjoy brokerage free equity delivery trade. Also, you don't have to bear any commission while selling allocated IPO shares through this discount broker.
At the time of selling IPO shares, you will have to pay only taxes and Demat debit transaction charges as applicable. Stoxkart charges ₹15 per Demat debit transaction charge.
Suppose you are not able to apply in a Stoxkart IPO through UPI then you can do so with the ASBA net-banking facility. Many popular banks offer this facility like HDFC, SBI, Axis, Kotak Bank etc.
The application process is very easy. Thank your for guiding me through the step by step process.