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Open Instant and Online account with IIFL Securities in 15 mins.IIFL Securities offers an online UPI-based IPO investment mechanism. To invest in IPO online with IIFL, users just require a registered UPI ID on any UPI app. The UPI-based process is so simple, online, and hassle-free. Online IPO investment with IIFL Securities is just a 3-step process; register on the UPI app, enter UPI ID, and lastly, put bid quantity and bid price. The broker allows users to invest in IPO online through IIFL Markets Mobile App and web platform. IIFL also provides free IPO research reports to provide experts’ advice on whether to invest in a particular IPO or not. Scroll down the page to know IIFL IPO online application process, IPO application charges, IPO investment platforms, and more.
To apply in IPO online with IIFL through UPI, you must ensure that your bank account is mapped to UPI ID otherwise; you won’t be able to apply for IPO. Users can apply IPO online with IIFL through either its web-based platform or mobile trading platform. The process for IIFL IPO online application through any of these platforms is the same as the only exception that you have to log in to different platforms – mobile app and website.
Steps to apply IPO online with IIFL
Note: IIFL online IPO application facility is only available for retail clients who bid for less than Rs. 2 lakh. HNI customers who invest for more than Rs. 2 lakh can’t invest in an IPO with IIFL through the UPI payment gateway.
IIFL Securities also facilitates the ASBA process to apply in IPO online through the net banking portal. HNI and NII clients can invest in IPO with IIFL through the ASBA process only. Besides this, retail clients who are not registered on any UPI app or want to use 3rd party banks to bid for IPO can bid for IPO through net banking.
Steps to apply IPO online with IIFL through ASBA
Note: To apply for IPO through the IIFL ASBA process, you must assure to keep the required balance in your bank account.
Detail Article on ASBA Process for IPO Investment >> Read
IIFL Markets has a YouTube channel where a full demo on how to invest in IPO online through the IIFL Markets app is available. Here is the video demo link;
Likewise, other brokers, IIFL Securities offer free IPO application means one can apply for IPO with IIFL at zero charges.
Follow these steps to check the IPO application status with IIFL;
IIFL being a full-service broker assists its clients to get free IPO research by industry veterans. The research reports enable people to take the right decision on whether to subscribe to a particular IPO or not.
Last Updated on 14th Sep 2023
No, HNI and NII clients who bid in IPO for a sum of more than Rs. 200,000 cannot invest in IPO online with IIFL through UPI app as only retail clients are allowed to invest in IIFL IPO online through UPI payment gateway.
IIFL Securities offers online IPO applications through the IIFL Markets Mobile app. Android and iOS mobile users can download the IIFL Markets app from Google Playstore and the App Store. IIFL Demat account holders can invest in online IPO through IIFL through UPI that facilitates Apply-on-the-go services.
Steps for IIFL IPO apply through IIFL Markets App via UPI:
Yes, if you have opened IIFL Demat account then you can invest in IPO online with IIFL mobile application – IIFL Markets app. However, it must be noted that only retail investors are allowed to invest in IPO through the UPI-enabled process while if you’re an HNI client and looking to bid in IPO for more than Rs. 200,000 then you can’t choose the UPI payment gateway process and can apply through ASBA/net banking process only.
Once you have successfully bid in IPO then you can track your IIFL IPO application status anytime by login into the IIFL mobile app or IIFL web portal. The IPO application status keeps you updated with the IPO schedule like offer open and close dates, allotment finalization, refund, and listing. If you get the IPO allotment for shares you applied, then the blocked money will get deducted from your bank account and the share will be credited to your IIFL Securities Demat Account. However, in case of rejection, you will get the blocked money back in your bank account. Alternatively, you can head to the IPO registrar website and know the IPO allotment status.