SBI Securities IPO Review (Apply Steps, UPI and Allotment Status)

SBI Securities Ltd (SSL), a subsidiary of State Bank of India. It offers financial products to the retail customers, HNIs and Institutions. The services offered include Equity, Currency and Derivatives trading, Depository services, IPO services, Mutual Funds, Bonds, home and car loans.

SBI customers can trade at NSE and BSE using its proprietary trading platform. The platform offers features like advanced charting tools, live quotes, screeners, heatmap for fast trading and analysis.

SBI leverages a range of channels, both digital and physical, to serve its customers across India. The company offers online support through email and website. It has over 115 branches across the country where customers can visit and get their issues resolved. There's also a field force who offer doorstep services.

Apply IPO in SBI

SBI Securities doesn't offer IPO application through its trading platforms. However, you can use the SBI bank account net-banking services to apply for the IPO.

Step by Step guide to applying IPO in SBI Bank

You would need access to net banking and your SBI Demat Account details at the time of applying for IPO Shares.

If shares are allotted to you in the IPO, the shares are credited in your SBI Demat Account. You can hold them or sell them from your SBI Trading Account. You can sell the IPO shares the same way as you sell any other shares from the trading account.

Important Information:

• SBI allows up to 5 IPO applications using the same bank account. If you have 5 demat accounts on your family or friend name, you could apply for IPO shares in all these accounts using your single bank account.
• For maximum allotment in good IPO's, it is recommended to open and use the demat account on each of the family members names.

Note that IPO Application can be revised or withdraw in the time frame provided above. In case of full application withdrawal, money gets unlocked in your bank account by end of the day.

Steps to Apply IPO - SBI Net Banking

To apply for an IPO using SBI demat account and the SBI bank account, you need to:

1. Login to your SBI net banking account
2. [First time only] Add yourself as an applicant by:
   1. Click on the 'Profile' tab on the top menu
   2. Now, click on the 'Manage IPO Applicant'
   3. In the next screen, enter you SBI Net Banking Profile Password and Click on Submit
   4. Enter your Name, PAN, Depository details etc., and click on 'ADD'
   5. Check the added details and click on 'Confirm'
   6. Enter the OTP sent on your mobile and click on 'Confirm'
   7. You will receive a confirmation message on the successful addition of applicant
3. Go to e-Services > Demat and ASBA Services > Click on IPO Enquiry
4. Accept the 'Terms and Conditions'
5. Select the IPO you wish to apply from the list of IPOs available and click on 'Go'
6. After reading the letter, click on 'Accept'
7. Select Investor Category
8. Select Applicant. In the pop-up window, select the nickname of the applicant
9. Enter Bid Price, quantity etc., and click on 'Submit'

You will receive a confirmation email/SMS on successful application. The total application amount will be blocked in your bank account. The money will be debited if you are allotted shares else it will be unblocked after the allotment process.

Once shares are allotted to you, they get credited to your SBI Demat Account. These shares will be eligible for trading on the day the company gets listed on the exchange.

Check SBI IPO Application Status

You can verify the status of your application in the IPO History link on SBI net banking website.

Steps to check IPO Application Status with SBI:

1. Login to SBI Net Banking
2. Go to 'e-Services'
3. Go to 'Demat Services and ASBA Services'
4. Go to 'IPO (Equity)'
5. Go to 'IPO History' page.

The history page displays the IPO application reference number, issuer company name, date of application, Lien Mark Amount and Lien Mark Status.

IPO Allotment Status SBI

Note: The fastest way to check the IPO Application Status for orders placed in SBI is by visiting the website of the IPO Registrar i.e. Karvy, Link Intime.

You could also Check IPO allotment status on SBI website. Simply log in to SBI net banking and visit the IPO History page as mentioned above to view the status of your IPO application and its allotment status.

Once allotment is done, the allocated shares are credited to your SBI Demat account. You could view the shares online in your SBI Demat account the evening before the listing of IPO shares. To view the allocated shares in your demat account, following the steps below:

1. Login to SBi Securities Account (Trading / Demat Account)
2. Click on Customer Service
3. Go to Back Office
4. Click Demat Report (SSL DP View) and Select CDSL or NSDL. Now Select Report (Holding) and Select BOI ID (Demat Account Number)
5. Click on show holdings