How to apply for IPO in Stoxkart?
- Asked By
- Updated On:04-Feb-2021
- Replies:2
Short Answer
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.
Detailed Answer
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.
How to apply for an IPO in Stoxkart?
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:
- Go to the Stoxkart website.
- Login with your account by using your client code and password.
- The ‘Apply IPO’ option will appear on the homepage, click on it.
- Select the IPO in which you wish to invest.
- Place an online IPO application request and enter bid details, bid price and bid quantity.
- After submitting the application request, you’ll get a mandate request on your UPI app.
- Open the UPI app to accept the IPO mandate request.
- Check the order status in the ‘Order Book’ page.
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.
How to Stoxkart IPO Allotment Status?
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:
- Go to Stockart’s official website.
- Click on the ‘Apply IPO’ button from the homepage.
- On the top, you will see an ‘IPO Status’ option, click on it.
- Now, you have to enter your PAN number and click the ‘Search’ option.
- Here, you can check IPO allotment status.
What are Stoxkart IPO charges?
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.
How to apply in the Stoxkart IPO without UPI?
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.
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Discussion (1)
IPO prospectus is the document which gives information to the investors about the company statistics before they issue shares in public. It is mainly a 3 step process. For detailed description, read through the blog below.
Bangalore based online discount broker Groww was found in 2016 and provides plenty of trading and investment opportunities. Users can invest in mutual funds, currency, derivatives, equity, and more. the investment opportunities are backed with guidelines set by NSE, BSE, and SEBI.
5paisa happens to be the second largest stock broker in the country that offers plenty of benefits and features through its Demat and trading account. Some of which include low brokerage charges of 20 rupees, paperless account opening, free trading tools, research and trading advice for free, and much more.
Yes, you can apply for an IPO application under a minor or HUF's name, provided they have different PAN card numbers. Minors can open a Demat account with their parent’s PAN Card and bank account.
The SEBI (Securities and Exchange Board of India) requires every IPO to get at least an overall 90% subscription to proceed to the allotment process. If an IPO fails to get a 90% overall subscription (including the QIB, NII, and Retail category) by the last day of the issue then the IPO is cancelled and the money collected from the investors is refunded back.
There are many ways to check the IPO allotment status but Zerodha doesn't provide this facility on their website.** To check the allotment status you can visit the website of the registrar of the IPO**, for example, Link Intime, Karvy. With the help of a PAN number, you can easily check the status.
Investing in an IPO can be considered safe as there are no major Capital Loss risks and most companies that come up with an IPO price their shares at decent valuations which gives an opportunity to the investors get the shares at a discount from the market price. Most good quality companies also give good Listing gains and good returns in a short time. Some examples are, IRCTC, Route Mobile, Burger King, etc.
If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.
Subscribing for an IPO with multiple accounts, avoiding last-day applications, and choosing minimum bids are few ways to increase IPO allotment chances.
IPOs can be a good option for beginners as they provide an opportunity to get the shares of good companies at an attractive price. Though IPOs can provide good listing gains and quick profits, good companies can help you to create massive wealth in the long term.
Tuhin Chakraborty
The application process is very easy. Thank your for guiding me through the step by step process.