If you would like to apply for an IPO through Motilal Oswal App, the process is listed below:
- Open your Motilal Oswal app, log in with your account ID and password, and click "Login".
- Click on the tab icon on the top left of the main app page.
- Under the "Other Products/Tools" tab you will find the option "IPO/OFS/Buyback/Bonds/Fd", click on it.
- You will be redirected to the next page where you will see a list of all upcoming, ongoing, and completed IPOs in different tabs.
- Clicking on an IPO will open a new page with key information about that IPO. There are two options - download and apply. You can download the prospectus of the IPO. Click on "Apply"."
- On the application page, enter the number and price. You can either apply at the cut-off price or submit bids (max 3) within the specified price range.
- Enter your UPI ID. Retail investors in MO can only apply for an IPO through the UPI system.
- Check your order and click on "Confirm". A UPI mandate will now be sent to you on your UPI app. Authenticate this by entering your UPI pin.
- Your order will be successfully placed for the IPO.
- You can modify or even cancel the order while the IPO is open.
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