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ICICI Direct, an ICICI Securities Ltd investment portal offers IPOs as a key product offering. With ICICIDirect.com, customers can apply for Initial Public Offers (IPO) and (Follow-on public offers) FPO at BSE & NSE.
Online IPO Application of ICICI Bank is the easiest, fastest and most convenient way to apply for IPO shares.
Below are a few easy steps to apply for an IPO with ICICI:
Once you submit the online IPO form, ICICIdirect.com will complete all the formalities related to the submission of your IPO form, using the Power of Attorney issued by you at the time of account opening.
As of Sept 2016, ICICI Bank doesn't offer online applications for SME IPOs (IPOs at BSE SME and NSE Emerge exchange).
ICICI Customer has to apply for SME IPO's by filling out the paper IPO application forms.
Follow the below simple steps to check the status of your IPO application through ICICI:
ICICI Bank Online IPO Application is free for all its customers having a 3-in-1 account. Customers do not pay any fees, charges or taxes to apply for IPO shares.
Note: Customer has to pay brokerage and taxes when they sell the shares allocated to them through IPO. The changes are the same as you sell any shares bought directly from the stock market.
ICICIDirect is the most expensive stock broker in India and their brokerage are highest in the industry. Discount stock brokers like ProStocks charge 60 to 90% less brokerage charge but they do not offer IPO as a product.
On allotment, the IPO shares are directly credited to your demat account and available for you to sell on the date of the list at the respective exchanges.
You can check the IPO Allotment Status on ICICI direct website. Please follow the steps below:
Note: The IPO allotment status on the ICICIDirect website is updated only after the shares are transferred to your demat account (usually a day before IPO shares listing). If you would like to check the allotment status earlier, please visit the IPO registrar's website.
ICICI Direct allows you to apply for IPOs through your trading account. You could use the ICICIDirect.com website or its mobile trading app to apply in IPO online. It takes just a minute to apply in IPO through ICICI Direct. You could also modify or cancel IPO application, check the status and sell allocated shares through the same website or app.
Steps to apply in IPO through ICICI Direct Website
You will receive SMS and email confirming your IPO order execution by the end of the day.
For more detail please read:
You can revise or cancel an IPO application online while the IPO is still open for subscription. You can use the ICICIDirect.com website or mobile app to cancel your IPO order.
Steps to Cancel IPO Application in ICICI Direct
Note:
Yes, ICICI Direct customer can place orders to buy & sell shares, apply in IPO, buy mutual funds, trade in Equity F&O over the phone using ICICI Bank Call & Trade service. This service is offered free of charge to all its customers for up to 20 calls in a month. After that customer has to pay Rs 25 per call as Call & Trade fee.
Yes, you can withdraw an IPO Application while the IPO is still open (bidding is in progress). Simply Follow login to ICICI direct website, visit the IPO Order book for placing a withdrawal request.
After successful processing of your withdrawal request, the money will be unblocked in your bank account.
At ICICIdirect.com, IPO application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.
Only 1 IPO application allowed per saving bank account with ICICI Bank.
ISec is an abbreviation for ICICI Securities. ICICI Securities a popular financial service provider to retail investors in India. The company offers its trading and investment products under the brand name of ICICI Direct.
ICICIDirect.com website and ICICIDirect Mobile app are two popular platforms offered by the company for online trading in investment in the stock market, mutual funds, IPO, Fixed Deposit, Bond, NCD, wealth products, Insurance and loans etc.
ICICI Securities Ltd offers a wide range of financial services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution.
The company is headquartered in Mumbai and operates out of 75 cities across India. It also has wholly-owned indirect subsidiaries in Singapore and New York.
The ICICI bank permits only one IPO application through a bank account irrespective of the account type as individual or joint.
The IPO application should be on the name of the first account holder.
When applying in an IPO through ICICI bank net banking, you will have to remove the name of the joint account holder. The applicant's name should be as per the PAN number listed on the page.
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Information on this page was last updated on Friday, November 17, 2023
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