IPO

Created by Sarthi Goyal, Modified on Fri, 27 Jun at 2:35 PM by Sarthi Goyal

What is an IPO?

A private company can become publicly listed on a stock exchange by first offering its shares to the public through an IPO (Initial Public Offering).

How to apply for an IPO?

Steps to Apply:

First download and then log in to the “MoneySukh Pro” app.
To download the application, follow the below link:
- For Android, Click here
- For iOS, Click here
- For Web Application, Click here

Then go to the More section (bottom right).
Select “Bids.”
From there you can apply for an IPO.

What is an SME IPO?

Like a traditional IPO, an SME IPO (Small and Medium Enterprises Initial Public Offering) is when a small or medium-sized business raises money by first offering its shares to the public. However, it is listed on a different SME platform of stock exchanges, such as NSE Emerge or BSE SME.

How to check IPO bid and allotment status?

Steps to check IPO allotment:

Log in to your MoneySukh Pro application.
Then go to “Back Office.”
A dashboard will appear; Go to the bottom; a “Request” box will appear.
From there you can check your IPO allotment status.

Is it possible to apply without UPI?

Yes, you can use your net banking portal's ASBA (Application Supported by Blocked Amount) feature to apply for an IPO without using UPI. The "IPO" or "Invest" sections of the majority of banks offer IPO applications. Your bank account is blocked, and the money is only taken out if you are given the allocation.

Can NRIs/HNIs/employees/minors apply for IPOs?

Yes, but only under specific restrictions, employees, minors, HNIs, and NRIs may apply for IPOs.

NRIs can apply using ASBA through NRE/NRO accounts.

HNIs must apply under the Non-Institutional Investors (NII) category if their application exceeds ₹2 lakh.

Discounts or a reserved quota may be granted to employees of the issuing company.

A guardian's account with the associated PAN and bank information is where minors can apply.

What is ASBA?

Application Supported by Blocked Amount is referred to as ASBA. When you apply for an initial public offering (IPO), the funds are blocked in your bank account until the shares are distributed.

When are funds unblocked if there is no allotment?

Within three to five working days following the allotment date, the funds are unblocked if no IPO allotment is received. The processing speed of your bank determines the precise time frame. As soon as the block is lifted, you'll get an SMS or notification.