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ICICI Direct IPO Application and Process 2024

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ICICI Direct Stock Broker offers its clients the opportunity to invest in mainline IPOs and SME IPO. And it is a free service for IPO (Initial Public Offer) investors and they can invest via UPI payment mode. ICICI Direct provides a list of current and upcoming IPOs with their prospectuses and track records. Investors can easily apply for an IPO online through "icicidirect.com" or the "icicidirect mobile app." Once the IPO is allotted, the shares will be credited to your ICICI direct demat account. 

Apply IPO from ICICI direct through UPI

In today's market, UPI is one of the best transaction methods for payments. It is a straightforward service through which we can initiate any trade. To apply for an IPO through UPI at ICICI direct, please follow the given procedure:

  1. Log in to your ICICI direct account.
  2. Go to the IPO section and click on place order.
  3. Now select the IPO from the list and click on Apply Now button.
  4. Set the cut-off price and the number of shares (number of lots) and proceed.
  5. For UPI payment select the Other UPI or Registered UPI payment source.
  6. Enter, submit and confirm the UPI ID address.
  7. Approve the payment request from the respective UPI app.
  8. At this step, your IPO bid has been successfully placed.

After allotment, the IPO shares will be credited to the ICICI direct Demat account and will be ready for trading in the secondary market. On the other hand, if you do not receive an allotment, the blocked amount will be released soon. And if you have placed an IPO order, you can change it again.

ICICI direct IPO Apply Demo Video

This demo video will help you understand the process of apply in IPO application.

ICICI direct SME IPO


ICICI direct offers both mainline IPO and SME IPO. Investors can register for both NSE SME IPO and BSE SME IPO through the online platforms. As with the mainline IPO, shares are credited to the demat account after allotment. Therefore, investors must have at least a 2-in-1 account (Demat + Trading) to subscribe to the SME IPO application.

Current and Upcoming IPO's investment with ICICIDirect

List of ICICI Banks ASBA branch can be found on >> ICICI ASBA Branch list

Check IPO allotment status of ICICI direct

After IPO allotment, the shares will be credited to your demat account. And the frozen amount will be withdrawn. If you do not get allotment, no shares will be credited to your demat account and the frozen amount will be released. So, check the allotment status by following the procedure below:

  1. Log in to your ICICIdirect account through the mobile app or website.
  2. Go to the IPO section and check the order book.
  3. If you have received an allotment, you can see the number of shares allotted to you.

ICICI direct IPO Charge

ICICI direct does not charge any fee for registering for an IPO. Investors can register for as many IPOs as they wish. When registering for an IPO, they must agree to the mandate to commit the required funds until allotment. If you receive an allotment, the IPO shares will be credited to your Demat account. On the other hand, if you do not receive an allotment, the blocked funds will be released and no fees will be charged.

ICICI direct platforms for IPO

ICICI direct offers web-based and mobile trading platforms. Through these platforms, many investment products, including IPOs, are accessible to investors. The following ICICI direct platforms are available to investors and traders:

  1. Icicidirect.com (web-based platform)
  2. Idirect (mobile application)
  3. ICICI Trade Racer - desktop terminal
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Last Updated on 14th Sep 2023

FAQs

Check the IPO application status of ICICI direct using the following procedure:-

  1. Visit the official website of ICICI direct at the following link:
    https://www.icicidirect.com/
  2. Now go to the IPO section and then go to the order book.
  3. Here you will find all the details like:
  4. Application number and application status.
  5. Payment status.
  6. Allocation of shares.

 

You can change or cancel the IPO bid in ICICI direct. You can do this as follows:

  •  Log in to ICICI direct.
  •  Go to the IPO section and then go to the order book.
  •  Here you will find the "Action" button to cancel the bid.

 

Yes, you can download the RHP and DRHP prospectus reports of any IPO issuing company from ICICI Direct. So investors can make a decision for a particular IPO whether to invest in that IPO or NOT.

 

No, ICICI direct does not charge any fees for IPO applications. You can apply for as many IPOs as you want.

 

Once you get the allotment and shares credited to your ICICI direct demat account. Then they are ready for trading in the secondary market. You can buy/sell more shares. So if you want to sell the IPO shares, do the following:

  •  Log in to ICICI direct.
  •  Go to the portfolio and select the share you want to sell.
  •  Now set the selling price and quantity of this share.
  •  Click on the Sell button to place your order.
  •  Your order will be placed successfully and you can check it in the order book.

 

Yes, ICICI direct offers the SME IPO along with the mainline IPO. You can also get a prospectus report or track record for this IPO based on which you can make your investment decision. And the applying procedure of SME IPO is the same as mainline IPO in ICICI direct.