Last Updated - 22nd Apr 2019
Rated 4/5 based on 51 customer reviews
Before 1 Jan 2016, Sharekhan was providing online application for IPO. Due to SEBI regulation all public offering (IPO) post January 1, 2016 need to be fulfilled through the ASBA (application supported block amount) route only.
IPO Investment with Sharekhan is done only by ASBA. As Sharekhan only provide 2 in 1 account, so in such case you need to use your bank account to apply for IPO. To Applying in IPO, you can use any bank who is provides ASBA facility. Key banks like SBI, PNB, ICICI, HDFC, Axis and more all provide you online ASBA facility with your net banking account. In case you don’t have online banking facility available, you can visit your bank branch with Bank Account details, Sharekhan DP Account details and PAN information. With that you banker will help you to submit IPO application and give you an acknowledgment slip. You need to maintain sufficient funds in your account. As you have given your Sharekhan DP account information in ASBA process, you will get direct deposit of your allotment. Once you receive you allotment, you can trade your share for listing gain or hold for long term.
Sharekhan is helping investors with collecting ASBA forms at their branch office and submitting them to bank on your behalf. So if you want to use branch office facility for submitting your ASBA form you can utilize the same.
Currently Sharekhan is unable to provide online IPO investment, manual form need to download and submit to nearby Sharekhan Branch.
Steps to invest in IPO with Sharekhan:
With Sharekhan you can invest in Mutual Funds, Tax Saving Funds, SIP/Flexi-SIP, Gold Funds, FMP, NFO via three ways:
Steps to invest online in Equity Funds with Sharekhan:
Select Fund Name, Schema, Segment like below
Applying for IPOs and Mutual Fund through Sharekhan online platform is completely free. Only you need to pay while selling the shares allocated to you through IPO.