Introduction
As an IPO investor, you need to track and apply to invest in the right upcoming IPO to capitalize on the opportunities. Let's look at what you need to know to apply for an upcoming IPO and the steps involved to check its allotment status.
How to invest in an upcoming IPO
Before you apply for an IPO, you need to:
- Pick a brokerage. Open a brokerage account that can allow you to trade stocks, ETFs, and manage your portfolio on the move. Choose a top online broker that offers you a suite of features, exceptional customer service, award-winning research and highly rated analytical tools to get you started.
- Know exactly the number of shares you want. Based on your financial goals and the amount of money you're looking to invest, decide the number of shares you wish to purchase.
How to apply for upcoming IPO
To start applying for IPO stocks, you need to file an online app your application form offered by your stockbroker. Leading and reputed stockbrokers provide UPI-based online applications. Banks, however, offer both UPI-based as well as Applications Supported by Blocked Amount (ASBA)IPO applications. To apply for an upcoming IPO online through your broker, here's how you can go about it:
- Visit your brokerage website
- Log into your brokerage account
- Select the IPO you are interested in investing and click on it
- Enter the required details and click submit
- You will receive a mandate in your bank enabled app through which you have applied for the IPO
- Confirm the mandate to apply for the IPO successfully.
How to Check IPO Allotment Status Online
Now that you've applied for the IPO, you will need to check the IPO allotment status. You can do so by visiting the registrar of the company's official website. On entering the website, you will have to provide details as mentioned in the allotment status section. These include the IPO name, your PAN number and Depository Participant [DP] client ID.
- Enter your application number
- Click on the 'I'm not a robot'
On following the above details, you will be able to see your IPO allotment status.
You can also check your IPO allotment status on https://linkintime.co.in/. Here’s how to go about it:
- Enter either one of the following details as requested on the link: PAN Number; App. No.; DP/Client ID; Bank Account No / IFSC
- View the IPO allotments status
Conclusion
The advantage of investing in an upcoming IPO is the benefit you receive of choosing a potentially under-priced stock in its initial stages and before brokerages assume significant stock positions. ICICI Direct makes it easy for you to apply in upcoming IPOs. After investing, follow the steps mentioned above to track your IPO allotment status.
Disclaimer
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