SAMCO as a Discount Stock Broker is not directly providing IPO Investment service, however, if you have a demat and trading account with SAMCO, you can still apply in IPOs. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow-on Public Offering) has to be the 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 SAMCO DP account details. After allotment, you can use your SAMCO Trading account to trade and sell in your holding of shares.
Step to Invest in IPOs with ASBA using SAMCO demat account
Detail Article on ASBA Process for IPO Investment >> Read
Note: Client having an account in those banks who are not offering paperless ASBA application or those clients 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 do 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?
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 SAMCO DP Account Number?
You can find SAMCO Depository Account Number from welcome letter sent to you, back office software, your monthly demat holding statement or calling SAMCO Customer care number.
SAMCO as a discount broker started Mutual Fund Investment. Company have build a different platform called rankmf.com. Samco is using BSE StartMF to invest in Mutual fund.
SAMCO as a discount brokers provides Mutual Funds investment service via BSE STAR MF service. Rank MF is owned by SAMCO which is SEBI registered Research Analysis. So with Rank mutual fund you can choose top rated mutual funds and invest online in lump-sum or SIP plans.
Last Updated on 4th Dec 2018