IPO Application

For an offline IPO application, investors may obtain an IPO application form from one of the following intermediaries:

• Brokers (physical form)
• Self-certified underwriters (physical form)
• Stock exchange website (NSE/BSE) (PDF form)
• Website of the lead manager (PDF form)

An IPO application number will be generated once the bid has been submitted to the Exchange via the selected online mode. However, if you submit your bid offline, you will find the application number pre-printed on the physical IPO application form as the bid cum application form number.

If the bid is submitted via the brokerage platform/net banking, you will find the IPO application number in the bid history or on the "Status" tab of the desired IPO in the "IPO" section.

A PDF form can be downloaded from the NSE or BSE websites for offline IPO application.

Steps to download IPO application form from NSE:

• Go to NSE ASBA e-forms.
• Click on the desired IPO and it will pop up the Issue detail below the IPO list.
• Click on the Blank Application Form Download or Bid-cum Application Form and download as desired.
• Select the Investor Status, Bid Form Type, and no. of forms.
• Enter the displayed captcha characters.
• Tick to agree to the terms and conditions.
• Click on Download.

Note:

• When you select the application form, in addition to the above information, you must also enter user information such as username, PAN, DP, bank details, UPI ID, address, cell phone, email and offer details.
• In a blank application form, all information must be filled in manually, while in the bid cum application form, this information is pre-filled based on the data entered.
• Users also have the option to download the IPO application form by registering once with the NSE using the above personal information.
• The registered users can log in and download the form through PAN without entering new data each time, except for the bidding data.

Steps to download IPO application form from BSE

• Visit ASBA IPO Application BSE.
• Select the below from the drop-down
  • IPO Symbol.
  • Repatriation Type.
  • Category Type.
  • Number of forms. (Max 10 applications can be downloaded)
• Type the displayed characters
• Click on Download Application Forms.

An online IPO application with a bank/broker only requires filling out a few fields. It takes less than a minute to complete and submit an online IPO application.

Steps to fill an IPO application form:

1. Check/fill the personal information:
   • Name and contact details of the bidder
   • Telephone number
   • Address
   • PAN details
   • Depository Account Details (DP ID, DP Account No.)
2. Fill bidding details:
   • Investor Category (RII, NII or QIB)
   • Quantity of Shares. (as per lot size)
   • Price per Equity Share/Cut-off (applicable only for retail investors)
   • Investor Status (Individual, NRI, Mutual funds, Bodies corporate - co)
3. Check/fill bidding details
   • Amount Blocked
   • ASBA Bank A/c No.
   • Bank Name & Branch
   • UPI ID

Yes, you can apply for an IPO in the HNI category in the same way as in the retail category. The only thing you need to note is that you need to select 'HNI' as the investor category in the IPO application form.

A high net worth individual (HNI) is a retail investor who bids more than 200,000 rupees for shares in an IPO. HNI IPO Applications are part of the non-institutional investor (NII) portion.

NIIs are divided into small NIIs (sNIIs) and large NIIs (bNIIs) depending on the amount of subscription. The sNIIs are investors bidding for shares worth between 2 lakhs and 10 lakhs and the bNIIs are investors bidding for shares worth more than 10 lakhs.

An investor may apply for an IPO through any bank account that is in the investor's name, provided the bank supports the ASBA facility. When an investor applies through a broker/bank, the bank account associated with his/her profile is automatically selected. However, when an investor applies offline, he/she can specify any ASBA-supported bank account in his/her name.

Remark:

• Only one application per person (unique PAN number) is allowed for an IPO. There are some exceptions for applications in the employee and shareholder category.
• The name in the IPO application must match the name of the primary account holder of the demat and bank account.
• Duplicate applications will be accepted at the time of application but will be rejected at the time of allotment.

Stock exchanges accept IPO applications during the IPO subscription period from 10 am to 5 pm. However, many brokers/banks offer the opportunity to submit IPO applications after 5:00 p.m., except on the last day of the subscription period.

If your broker offers this option, you may place your orders after the market closes, once the IPO is open for public subscription. However, the application will only be uploaded to the exchange system by 10 AM next day.

Offline IPO orders can be submitted to the broker at any time during the IPO window before 5 pm on the last day.

An investor may only submit one IPO application per PAN and the demat account used for the application should be in the same name as the PAN.

If you have multiple demat accounts, you may submit the application through any demat account as long as it is in your name as the primary account holder. If you submit the application online through a broker, the demat account associated with your profile is usually selected automatically. However, if you submit the application through net banking or offline, you can enter the details of any demat account in your name.

Note:

• 1 IPO application is allowed per person (unique PAN)
• The name of the primary account holder in the demat account and bank account holder must match the name in the IPO application.
• All duplicate applications will be rejected by the Registrar at the time of allocation.

No, you cannot apply for an IPO through credit card.

The IPO application can be filed online or offline through either UPI or ASBA. For UPI application, you need to have a UPI ID and for ASBA application, you need to have a bank account with one of the banks that support ASBA services.

No, a demat account is mandatory to submit an IPO application. You must provide your demat account details whether you are submitting an IPO application online or offline. If you receive an allotment in an IPO, the demat account details are required so that the IPO shares can be credited to your account.

Note that the name on the IPO application must match the name of the primary account holder of the demat account used in the IPO application. If this is not the case, the application will be rejected.

You can apply for an IPO at any time (24 hours) during the subscription period by submitting the online IPO application through Netbanking or a broker. While you can complete the IPO application form at any time, exchanges only accept applications between 10 a.m. and 5 p.m. on weekdays except holidays. Outside of exchange hours or on weekends, applications remain with the broker/bank and are forwarded to the exchange at 10 a.m. the next business day.

An IPO is usually open for a minimum of three business days (maximum ten business days). If a Saturday falls within the IPO subscription window, you may submit your application on a Saturday, provided your broker/bank allows you to submit applications outside of IPO opening hours and on weekends. Regardless of when you submit an IPO application, the application will only be uploaded to the Exchange System during IPO market hours of 10 a.m. to 5 p.m.

An IPO application number is a unique number assigned to each IPO transaction. It can be used to verify the status of an IPO application. There is no specific format for the IPO application number.

For online IPO applications, the IPO application number is generated as soon as the application is successfully submitted to the exchange (between 10am and 5pm).

For offline IPOs, the application number is pre-printed on the IPO application form and is referred to as the Bid-cum-Application-Form No.

In a book-building IPO, where the price range is set by the issuing company, an investor can place up to 3 bids.

The investor has the option to submit bids with three different price and quantity combinations - Bid1, Bid2 and Bid3. The chosen price should be within the price range and the quantity should be a multiple of the minimum lot size.

The application amount of the highest bid of the 3 bids will be blocked from the bank account.

The beneficiary account number in the IPO application refers to the DP ID and the account number of the demat account to which the shares are to be credited in the event of an allotment under an IPO.

The beneficiary account should be in the name of the applicant and may be maintained with either an NSDL or CDSL depository.

The use of the cut-off price in an IPO means that the investor is willing to pay the price that the company sets at the end of the book building process.

In book building IPOs where there is a price range to choose from, the IPO cut-off price is the final share price set by the company based on demand for the IPO shares.

Note:

• The IPO cut-off price option is only offered to retail investors.
• Most retail investors use the IPO cut-off price option.

Example:

A company has planned an IPO with a price between Rs 95 and 100. Investors have the option to apply at any price within the specified range. If the cut-off price is chosen, the retail investor will receive an allocation based on the price set by the company, taking into account the demand of QIB, HNI and retail investors who applied at the set price. If QIB and NII have subscribed at a price of Rs 100, the cut-off price will be set at Rs 100.

The IPO application number or PAN number is used to check the IPO application status. The allotment status could be found on registrar's website once the allotment is declared.

You can check the status of IPO application through the trading platform of the broker or the stock exchange (NSE / BSE). You can also check the status with the broker/bank through which you applied for the IPO.

Investors can find IPO application number in the following ways:

• If you submit the IPO application online, the IPO application number gets generated when this application is submitted to the exchange between 10 AM to 5 PM on weekdays expect for holidays. You can check the application number in the IPO order status page of the net banking or broker IPO application. You also receive an email confirmation from stock exchange for your IPO application with the application number.
• If you are submitting an IPO application using a physical form, you will find your IPO application at the top of the IPO application form mentioned as Bid cum Application Form No.

The DP name is the name of the depository participant where you have the demat account. Generally, it is the name of the broker with whom you have an account.

Together with the DP name, you must also select the depository NSDL/CDSL whose services you are using. In certain cases, you only need to select the depository and enter the DP ID and client ID details.

DP ID is an 8-digit number of the depository participant with whom you have an account.

Every depository participant (DP) is assigned a number by its depository (NSDL/CDSL). The DP ID of a DP having membership with NSDL starts with IN followed by the client ID whereas the CDSL DP ID contains only 16 numeric digits.

You can apply for IPO offline by submitting the physical IPO application form to the nearest broker, SCSB, Syndicate Member, Registrar and Transfer and Agents (RTA) or DP.

Steps to apply for IPO offline:

1. Download the IPO application form from the exchange website or procure the physical form from the nearest broker/syndicate member office.
2. Fill in the applicant details like Name, Address, PAN, contact details, Email ID, DP Details.
3. Select the investor category.
4. Enter the bid details like quantity and price.
5. Enter the application amount in words and figures.
6. Provide the ASBA bank account no. or the UPI ID.
7. Sign the form.
8. Submit the form to the nearest intermediary.

Points to Note:

• If the payment mode selected is UPI, you can submit the form to any of the intermediaries mentioned above except SCSB.
• You can register your details as a one-time process with NSE so that you do not have to enter these details each time when you download the form.

You can apply for an IPO online through the broker's platform or through Net banking. If you want to apply through the broker, you need to have an UPI ID.

Steps to apply for an IPO online through broker:

1. Login to your broker account.
2. Go to the IPO section.
3. Select the desired IPO for application.
4. Enter the bidding details like quantity and price.
5. Enter the UPI ID.
6. Submit the request.
7. Approve the UPI Mandate request once received to complete the application process.

Steps to apply for IPO online through Net banking (ASBA):

1. Login to your Net banking account.
2. Go to the IPO section.
3. Select the IPO you want to apply for.
4. Provide the DP details.
5. Enter the bidding details.
6. Submit the application.