Edelweiss started Pre IPO application with UPI payment gateway. In this, you don’t need to wait for IPO to open. You can apply in SBI Cards IPO before it opens and on 2nd March 2020 (When actual IPO opens) Edelweiss is going to submit your IPO Application to exchange.
To Apply in IPO, you don’t need Edelweiss Trading or Demat account. You can apply in IPO with Guest Login.
Edelweiss made it very clear and simple to apply in online IPO with a guest login. Below we have listed step by step process to apply in pre IPO application.
Click on the IPO application home page. If you are existing Edelweiss customer login else click on Guest Login.
Provide personal details like PAN Number, DOB, Name, Mobile No(For OTP), Email id, DP Name – CDSL/NSDL, DP details, Category – (Individual/Shareholder) and Form Type.
You will get OTP on your mobile, please verify.
After OTP verification, fill bidding details like Cut-off price, Qty, Price.
Final Step – Payment Details – Select the UPI payment option from a given list and provide your UPI ID.
After providing all details your application is saved with Edelweiss with Internal Reference Number. On the day of the opening IPO, you will get an email from Edelweiss with application link. You need to click on the apply button and clear the UPI mandate. Once your UPI mandate is confirmed Edelweiss process your IPO request.
Last updated on 2nd Mar 2020
You can aply in PreIPO with Edelweiss by following UPI options. On day of opening, Edelweiss team is going to send your email and SMS to approve UPI mandate.
Once you submit your online pre IPO application, Edelweiss team validate your PAN number, Demat account information with NSDL/CDSL. After verification, they will apply your application after sending UPI mandate to you.