How to apply for an IPO using ADROIT Demat account?
Author: Adroit Financial Services Pvt. Ltd Posted on 08 Sep 2020 11:22:50
In order to apply to an ongoing IPO using ADROIT Demat account, you may choose the Online mechanism of-
a) Net Banking Portal – You can simply apply from your ASBA (Application Supported by Blocked Amount) facility. When you apply through ASBA facility, funds corresponding to your bid are blocked in your bank account for the IPO. The funds will be deducted on an effective allotment of shares.
The below process is almost the same across all the banks and the UPI app, who provides ASBA facility to retail clients.
Steps to apply for IPO online:
- Log-in to your online Net-banking portal.
- Find the option of ASBA Facility or the option to apply for an IPO in the Investments/Demat section.
- Fill out the ADROIT Demat account details with bank account details to complete the process.
- On the successful authentication, you will be directed to select the IPO to invest in.
- Enter the “Number of shares” and the “Bid Price”.
- You will obtain the confirmation on your registered details once your bid is successfully confirmed by your bank.
Time to apply for an IPO via Net Banking:
You can apply in an IPO even on a Sunday if you are applying online via ASBA. The facility allows you to subscribe for IPO on any day, any time during the application window. The window starts at 10 am on Day 1 and closes at 4pm on the last day of window to apply.
b) Apply Via Adroit – In case you do not have access to Net Banking, you may send us the below details and we will apply directly on your behalf –
- Client Code
- Client Name
- DP ID
- Client ID
- PAN
- Aadhar No.
- UPI ID
- Bank Account No
- IFSC Code
- Mobile No Associated with your Bank
- Applicable Lot
- Applicable Qty
- Bid Price
- Cut Off Price
- Amount
Once you send us the above details at customercare@adroitfinancial.com, we will apply the application from our end.
You will be required to approve the payment mandate on your UPI app. The UPI app should be linked with the registered mobile number updated in your bank.
The status of your application will be provided to you over call/email.
What is the time availble to apply via Adroit?
You can only apply to an IPO on a Weekday if you are applying via Adroit. The window to accept the bidding mails/calls starts at 10 am on Day 1 and closes at 2:30 pm on the last day of window to apply.
How to cancel/modify IPO in Adroit ?
The Adroit IPO application can be cancelled or modified through email at customercare@adroitfinancial.com at any time when the IPO is open for subscription. You cannot update the IPO application once the issue is closed.
Note: The blocked IPO application amount is released in a day or two after you cancel the IPO application
HURRY! Do NOT Miss the Opportunity to Apply -
OPEN ISSUES - IPO Open Issues | Initial Public Offering | Adroitfinancial.com
FORTHCOMING ISSUES - List of Current & Upcoming IPOs at Adroitfinancial.com
For more information, contact customercare@adroitfinancial.com or call at +91-0120-6826800.