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Apply IPO online with IIFL 2022

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India Infoline Limited IPO and Mutual Funds Investment
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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.

Current and Upcoming IPO's investment with IIFL

IIFL IPO Apply Online – UPI based process

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

  1. Login to the IIFL Markets Mobile app or IIFL website.
  2. Go to the main menu and click on the “IPO” option.
  3. Here, list of open IPOs will be available, click on the “Apply IPO” option, you want to apply in.
  4. Enter fields such as investor type, UPI ID, IPO bid price, and IPO bid quantity. You can also apply for IPO at the cut-off price.
  5. Press the Pay Now button and then you will receive a UPI mandate request within few hours.
  6. Login to the UPI and accept the mandate request that will block money in your bank account.
  7. Lastly, you will get an SMS confirmation as an IPO bid acknowledgment.

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 IPO Apply Online – ASBA/ Net banking process

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

  • Login to your net banking account on either mobile app or website.
  • Under the investment options, click on the “IPO” option.
  • All open IPOs will be available, click on the Apply IPO option, in which, you want to invest.
  • Enter details like PAN No., IPO bid quantity (number of shares), bid price, investor type, and then place IPO application.
  • Provide your IIFL Demat account number.
  • Confirm the IPO application order.

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 IPO Apply Demo

    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;

    IIFL IPO Apply Demo

IIFL IPO charges

    Likewise, other brokers, IIFL Securities offer free IPO application means one can apply for IPO with IIFL at zero charges.

IIFL IPO Application Status

Follow these steps to check the IPO application status with IIFL;

  • Visit the IPO registrar website.
  • Enter your IPO application number or PAN no. to know that whether shares applied are allotted or not.
  • If you’re allotted with IPO then it will be credited to your IIFL Demat account from where you can sell it on or after the listing date. However, if shares are not allotted then the application money will be credited to your account.

IIFL IPO Research

    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.

IIFL IPO Investment Platforms

  • IIFL Markets Mobile App: Users can log in to the IIFL mobile app with the IIFL Demat account login credentials, check all open IPOs, and apply for IPO online through a banking app or BHIM UPI app.
  • IIFL web-platform: This is the web-based trading platform wherein clients can log in to the IIFL website and invest in IPO online.
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Last Updated on 10th Aug 2022

FAQs

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:

  • Download the IIFL Markets mobile app.
  • Enter your login ID and password to log in with the mobile app.
  • On the right-hand side, click on the menu and go to “IPO”.
  • It will direct you to a new page where all the open issues/current IPOs will be available.
  • Click on the IPO, you are looking to invest in.
  • Enter the number of shares (lot size), IPO bid quantity, PAN number, investor type as an individual, UPI ID, and submit.
  • Check your UPI app and accept the IPO mandate request to allow blocking money in your bank account.
  • Your IPO application is placed successfully.

 

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.