Nuvama IPO Apply Process 2024

• Nuvama Wealth Review
• Brokerage Plans
• Demat Charges
• Trading Platforms
• IPO
• Mutual Fund
• Brokerage Calculator
• Account Opening
• Product & Services
• Commodity Trading
• Branches
• FAQs
• Active Customers

You can apply in IPO online with Nuvama Wealth using the UPI ID, a virtual payment gateway. The full-service stockbroker allows users to invest in both the mainline IPOs and SME IPOs through the Nuvama Markets app platform. There are no charges to purchase IPO through the Nuvama trading platform. Check the step-by-step process of how to apply for IPO with Nuvama using UPI or ASBA net banking (without UPI) process, IPO apply charges, how to check IPO allotment status, and more.

Nuvama IPO Apply through UPI

Nuvama Wealth facilitates online IPO apply process to customers to buy IPO shares through UPI using the Nuvama Markets mobile app. The Unified Payment Interface is a virtual payment gateway address used to block the IPO application amount into your bank account.

To apply in IPO online, you must have a demat & trading account in Nuvama and a valid UPI ID on any app like Google Pay, PhonePe, Paytm, Net banking app, or any other BHIM UPI App. The UPI ID must be linked with the same bank account registered with your Nuvama Trading Account.

Steps to apply in IPO online with Nuvama using UPI

1. Log in to your Nuvama Trading account using user ID and password.
2. Search IPO and click on the IPO, you wish to apply in.
3. Hit the “Apply” option to invest in IPO.
4. Enter IPO lot size, price, and enter your UPI ID address.
5. Now, accept/authorize the mandate request on the UPI app.
6. That’s done! You have successfully applied for the IPO.

Nuvama IPO apply through ASBA Net banking

ASBA (Applications Supported by Blocked Amount) is authorization by an applicant to block the application money in the bank account to subscribe to an issue. If you do not use any UPI app, then you can still purchase IPO through the ASBA net banking process. Any bank that provides ASBA facility allows its customers to subscribe to an IPO on their net banking portal without UPI.

Steps to purchase IPO in Nuvama using net banking ASBA;

• Log in to your bank account using net banking login credentials.
• Search for the IPO offering menu.
• Click on the “Apply” option in your choice of IPO.
• Enter details like number of shares, price, etc.
• Now, provide your Nuvama Wealth Demat Account details so that IPO shares can be transferred to your demat account.
• Recheck and submit the IPO apply order.
• The IPO application money will be freeze into your bank account. It will only debited if your application is selected for allotment, or in case of rejection/unsuccessful allotment, the amount will be unblocked.

Nuvama IPO Apply Charges

No charges, yes, whether you invest in mainboard or SME IPOs through the Nuvama Wealth Share market app platform, you will pay zero brokerage.

Nuvama IPO Allotment Status

Once the IPO allotment is out by the registrar, you can check the live IPO allotment status. To check the IPO allotment, click on the IPO you have applied in, and hit the “Check” option respective to the allotment status.

Users can check the allotment status on the IPO registrar’s allotment link or on the exchange by simply entering details like your PAN number or application number. If you are allotted with IPO shares, the blocked funds will get debited from your bank account otherwise, it will be unblocked.

Nuvama IPO Customer Care Number

Nuvama users can also apply for IPO using call & trade facility by calling the customer service desk on the toll-free number or writing a mail to the helpline email.