If you wish to apply for an IPO through Motilal Oswal, the procedure is listed below:
- Open your Motilal Oswal app, log in with your ID account and password, and click "Sign In"
- Click on the tab icon on the top left of the main app page.
- Under the "Other Products/Tools" tab, find the "IPO/OFS/Buyback/Bonds/Fd" option and 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.
- When you click on an IPO, a new page will open with the most important information about that IPO. There are two options - download and subscribe. You can download the IPO prospectus. Click on 'Subscribe.'"
- On the subscription page, enter the number and price. You can either subscribe at the cut-off price or place bids (maximum 3) within the specified price range.
- Enter your UPI ID. Retail investors MO can only submit bids for an IPO through the UPI system.
- Review your order and click "Confirm". You will now receive a UPI mandate through your UPI app. Authenticate this by adding your UPI pin.
- Your UPI order has been successfully placed.
- You can change or even cancel the order as long as the IPO is open.
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