How to Apply for an IPO
Step-by-step guide to applying for IPOs and getting your shares allotted.
Prerequisites
Before you can apply for an IPO, you'll need:
- Demat account (Dematerialized securities account)
- Trading account with a broker
- PAN card (Permanent Account Number)
- Sufficient funds to bid
- Valid bank account linked to your demat account
Step-by-Step Application Process
Step 1: Check IPO Details
Visit IPOGyani or your broker's platform to check IPO dates, price band, and other details.
Step 2: Freeze Funds
Ensure sufficient funds are available in your account for bidding.
Step 3: Log Into Trading Platform
Access your broker's trading platform or mobile app.
Step 4: Select IPO
Find the IPO you want to apply for in the IPO section.
Step 5: Enter Bid Details
Enter your bid price (within the price band) and number of shares you want.
Step 6: Confirm Application
Review your bid and confirm the application.
Step 7: Wait for Allotment
After the IPO closes, shares are allotted based on demand and quota.
Key Tips
- ✓ Apply within the IPO subscription period
- ✓ Bid within the price band to ensure your application is valid
- ✓ Apply early for better chances (not always true but avoid last day)
- ✓ Multiple applications get rejected - apply only once
- ✓ Check allotment status on the registrar website
- ✓ Shares credit within 2-3 days after allotment