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Open Instant and Online account with Angel One in 15 mins.Angel One Limited, the full-service brokerage offers a full spectrum of products & services including equity, futures & options, commodities, currencies, IPO, and mutual funds. The broker further offers research as well as investment advisory services to assist people to make smart investment decision. Here, in this page, get the complete details about Angel One IPO and Mutual Fund investment including investment process, charges, demo, and others.
Initial Public Offering
When a company needs capital for various purposes then it may approach public for the funds collection. The process requires issuing shares by the company to the public in an exchange for cash, which is known as IPO. One can apply for IPO with Angel One following online as well as offline process.
ASBA (Applications Supported by Blocked Amount) is a free tool that that facilitates investors to bid for IPO shares without money being deducted from their bank accounts because it is actually debited on the day of allotment while in case of rejection, no money is debited.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).
Detail Article on ASBA Process for IPO Investment >> Read
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?
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 Angel One DP Account Number?
UPI (Unified Payment Interface) is a real-time payment app that facilitates inter-bank transactions. Angel One allows customers to subscribe IPO online via UPI process.
As Angel One has a strong offline presence with a number of branches across various countries, therefore, the broker facilitates its clientele base to apply for IPO offline. The said process requires customer to personally visit any of the nearest Angel One branches, fill the IPO application form by providing necessary information such as PAN card number, bank account detail, and demat account number, and submit it.
To check the process to place online IPO application with Angel One, check the available demo.
The full-service broker with a team of experts provides IPO research and analysis reports to assist users to select the right IPO for investment. To access IPO research reports, use these steps;
Last Updated on 5th Feb 2024
Yes, Angel One, India’s one of the most popular full-service discount stockbrokers allows users to apply for IPO online using the UPI mechanism. Investing in IPO through Angel One platforms (web or app) is free at Rs 0 charges.
Angel One Demat account holders can buy IPO online via UPI ID using the mobile app or website. The IPO application process is extremely simple, quick, and hassle-free.
Steps to apply for IPO using UPI through Angel One App;
You can bid or cancel an IPO purchase order online on the Angel One web or mobile app platform. An IPO application can only be canceled before the IPO closure date.
If you have subscribed to an IPO through Angel One stock broker then you can check the IPO order status in the “Order Book” option. If you have placed an IPO order but did not approve the mandate yet, the status will be “Ordered,” while after UPI mandate approval, the status will be “Applied”.
If you get the IPO shares allotment, then the status will show as “Allotted” otherwise “No Allotment” status will appear.
If you are allotted IPO shares then the shares will be transferred or credited to the Angel One Demat account that can be sold on the exchange on or after the share listing date. You can place a sell order (either market or limit order) to sell IPO shares from the Demat account.
Step to place IPO sell order in Angel one
Yes, non-UPI users can invest in IPO through their bank’s official net banking portal using Angel One Demat account number. The ASBA or net banking process allows customers to place an IPO purchase order through their bank account even without having a UPI ID.
Yes, it doesn’t matter whether you are subscribing to an IPO using UPI or through ASBA net banking, you must have an active Angel One Demat account because allotted IPO shares will be credited to the Demat account only.
Investing in an IPO before its actual subscription opening date is called Pre-IPO apply. If you are having a trading account in Angel One, then you can even place a pre-IPO apply order using UPI before the date of IPO actually goes public. Once the IPO opens, the order will be sent to the exchange and you will receive a UPI mandate request for authorization.
