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Open an Instant and Online account with Kotak Securities in 15 mins.Can I apply in IPO with Kotak Securities? Well, yes anyone who has a trading and demat account with the broker can subscribe to IPO. You can invest in an IPO online using UPI or through your bank using Kotak Securities demat account details. Users can place IPO bids using the Kotak Neo app and trading website.
Do you want to participate in the primary market or IPOs, here is a complete guide on how to apply in IPO online with Kotak Securities, what are the brokerage charges on IPO investment, and more.
There are two ways to invest in IPO with Kotak Securities.
1. Apply IPO Online using UPI:If you have a trading and demat account in Kotak securities and also you have a valid UPI address, you can subscribe to an IPO through the stockbroker’s platform using UPI.
Retail investors with maximum bidding amount upto Rs 200,000 and HNIs/NIIs with investment amounts not exceeding Rs 5 lakh can make an IPO bid using UPI as a virtual payment gateway.
2. ASBA Net banking process: If you don’t use UPI or HNIs who want to place an IPO bid of more than Rs 5 lakh should invest in an IPO using their net banking account.
Let’s discuss both these processes in detail;
Funds will remain blocked till allotment. Once the allotment is finalized and if you get the allotment, shares will be transferred to your Kotak Securities Demat account while in case of no allotment, funds will be unblocked.
Note: If you are still using the old Kotak Stock Trader App, you will find the IPO investment option under the “More” tab on the app.
No charges, yes you can bid for an IPO in Kotak securities for free.
The full-service broker does not charge you anything for participating in an IPO. However, when you sell IPO holdings, DP charges will be applicable.
You can check your IPO application status online on the Kotak Neo app.
Login to the Kotak Securities Neo app >>> go to the Invest tab >>> tap on IPO >>>> IPO report >>> IPO order reports will be displayed on the mobile screen.
Once you have bid for an IPO but not accepted the UPI payment request, the order status will be shown as “In progress” and after the payment is accepted, the status will be shown as processed.
Users who don’t use UPI or HNI applicants who want to place an IPO bid for more than Rs 5 lakh can purchase IPO in Kotak securities through their bank account.
All SCSB (Self-certified syndicate banks) in India allow their customers to apply for IPOs through the ASBA facility. Whether you have a bank account with Kotak Mahindra or any other bank like ICICI, HDFC, SBI, Axis, etc. You can bid for an IPO through your net banking account.
Before applying in an IPO through net banking, you must ensure to have a sufficient fund balance in your bank account.
Kotak Securities IPO apply with net banking ASBA (without UPI)
After the allotment is finalized and if you receive shares, it will be visible in your Kotak Securities Demat account. You can sell allotted shares on or after the IPO listing day.
Can I apply in SME IPOs with Kotak Securities?
No, you cannot invest in SME IPOs that will either list at BSE SME or NSE Emerge platforms. The broker only allows users to invest in mainboard IPOs that will list at BSE and NSE.
However, you can still bid for an SME IPO through your bank’s portal via the ASBA route.
Participate in the primary market issues by applying for IPOs online with Kotak Securities. You can place an IPO bid through Kotak’s trading account using UPI or through your bank account.
At Kotak Securities, you will get a complete IPO snapshot including its fundamental details, risk factors, future business strategies, and more. Before applying for any IPO, you must do proper research to make the right investment decision.
Last Updated on 17th Feb 2024
If you want to apply for an IPO through Kotak Securities then UPI is one of the simplest ways for it. So follow the procedure for subscribing to an IPO through UPI Mode:-
You can modify the IPO only if the status is showing under process. Then you can cancel the bid and apply again for the IPO.