Alice Blue IPO Investment Review 2024

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Alice Blue offers online IPO investment services to customers. Customers can apply for IPO with Alice Blue through UPI process that just requires users to simply put their UPI address linked with the same bank account and then submit the online IPO application with the broker. Residents having Alice Blue Demat and Trading Account can apply for Free IPO investment with Alice Blue at zero brokerage. Let's find out complete Alice Blue IPO Investment Review including the process on how to apply in IPO with Alice Blue through ASBA or UPI process, brokerage charges, IPO investment demo, and more.

Current and Upcoming IPO's investment with Alice Blue

Alice Blue Online IPO Investment through UPI

Alice Blue offers a UPI-based online IPO investment process. All you need to do is having a registered UPI app linked with the same bank account mapped to your Alice Blue Trading Account.

Steps to apply for IPO with Alice Blue through UPI:

• Visit the website and login to the IPO Console. A list of ongoing IPOs will be available.
• Click on the "BID" option respective to the IPO you want to invest in.
• Enter virtual payment address (UPI ID), bid quantity, and price. If you want to apply at the cut-off price, then simply click the text-box just next to the "cut-off" price option.
• Recheck all the details and then press the "Submit" button.
• Accept the mandate request on your UPI app and the bid amount will be blocked till allotment.

Note: If you get the allotment of IPO shares then it will be credited to Alice Blue Demat Account, however, in case of rejection, the funds will be released back to your account. You can sell shares on or after the IPO listing date.

Alice Blue IPO Application through ASBA/Net banking [Without UPI]

If you don't use UPI then it is preferable to invest in IPO with Alice Blue through the ASBA process wherein one can apply for IPO using Net banking facility through any bank i.e. HDFC, Axis, ICICI, SBI, etc.

Steps to apply in IPO by Alice Blue without UPI

• Login to your net banking account with the respective bank.
• Under the "Investment" tab, search the "IPO" option.
• All current IPOs will be available, select the IPO of your choice and click on the "Apply" button.
• Enter the number of IPO lot sizes and price.
• Now, provide your Alice Blue Demat Account number, DP ID, DP, and DP Name.
• Re-check all the information and submit the IPO application order.
• Once the order is placed successfully, you will get a confirmation from your bank for the blocked amount.

Alice Blue IPO Investment Charges

Applying IPO online with Alice Blue is free means the broker doesn't charge any fee for investing in IPO Online.

Alice Blue IPO Application Status

Steps to check IPO application Status;

• Go to the IPO registrar website.
• Select the IPO and enter PAN no./DP ID, or IPO application number.
• Submit the application to check the IPO allotment status.