An IPO (Initial Public Offering) is the process by which a private company sells shares of its stock to the public for the first time. By doing this, the company transitions from being "private" to "public," allowing it to raise capital (money) from investors like you to grow their business, pay off debt, or expand.
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How to Apply for an IPO (in India)
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To apply for an IPO, you generally need a Demat Account and a Trading Account. Here is the step-by-step process:
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Login to your Broker: Open your trading app (like Axis direct, Indiabulls,SMC or your bank's securities app) and log in.
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Go to the IPO Section: Look for a tab or menu option labeled "IPO" or "Orders."
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Choose the IPO: You will see a list of open IPOs. Select the one you want to invest in and click "Apply."
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Enter Bid Details:
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Lot Size: Enter the number of lots you want to buy (you cannot buy single shares; you must buy in fixed lots).
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Price: Usually, it is best to select the "Cut-off Price" to increase your chances of getting an allotment.
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Enter Payment Details (UPI): Enter your UPI ID (like Google Pay, PhonePe, or BHIM).
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Submit the Application: Confirm your details and submit the order.
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Approve the Mandate: Open your UPI app. You will receive a "mandate request." You must approve this to block the required amount in your bank account. The money will only be deducted if you are allotted shares.
