IPO Application via UPI - Important Update for applying in CSB Bank and Ujjivan Bank (USFB) IPO Online
UPI option is compulsory only for offline physical forms. After UPI confirmation, one need to accept the mandate on their UPI App (Via BHIM or Bank UPI Mandate).
Those who are applying IPO online can do it via trading portal or ASBA. No change for investors who are applying online application.
Motilal Oswal as a Stock Broker is no longer offering online IPO application to its clients. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).
You can apply in IPOs with any of the self-certified syndicate banks by providing Motilal Oswal DP account details. After allotment, you can use your Motilal Oswal Trading account to trade and sell in your holding of shares.You can view latest news about upcoming and current IPO’s including their listing dates online on http://www.motilaloswal.com > markets > IPO's.
Step to Invest in IPOs with ASBA
Detail Article on ASBA Process for IPO Investment >> Read
Note: Client having account in those bank who are not offering paperless ASBA application or those client who do not do online banking has to fill the physical application and submit to syndicate member for onward submission to client’s bank for blocking required amount in client ‘s bank account.
What type of account I need to invest in IPO?
To invest in IPO, you need to have:
Where can I find the Self-Certified Syndicate Bank branches list to apply in IPO online?
List of Self-Certified Syndicate Banks under the ASBA facility are available on SEBI, NSE and BSE Sites.
SEBI List of SCSB >> List of Self Certified Syndicate Banks
NSE SCSB >> List of Self Certified Syndicate Bank
BSE SCSB >> List of Self Certified Syndicate Bank
Where can I find my Motilal Oswal DP Account Number?
You can find Motilal Oswal Depository Account Number from welcome letter sent to you , back office software , your monthly demat holding statement or calling Motilal Oswal Customer care.
With Motilal Oswal you can choose from over 6000+ mutual fund schemes from over more than 40 AMC available online on their web portal. You can invest in Mutual Funds by using one time, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP) or Systematic Withdrawal Plan (SWP).
Motilal Oswal Asset Management Company is a AMC from Motial Oswal, manages Mutual funds. You can invest in Motilal Oswal's Mutual Funds via directly registrng on www motilaloswalmf com or any other commission brokers who provide mutual funds service.
You can also use their smart mutual fund tool Portfolio Tracker, use personalized mutual fund research reports and actionable tips to make right investment.
You can invest in Mutual Funds with Motilal Oswal in two easy ways:
Steps to Invest in Mutual Funds SIP online with Motilal Oswal Trading Account:
What are benefits using mutual funds service from Motilal Oswal?
Key benefits with Religare for investing in Mutual funds are:
Last Updated on 17th Oct 2019