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Initial Public Offering (IPO) is a process, through which, privately held companies go to the public by issuing shares in the market. A company may decide to issue IPO for many reasons to raise funds. There’re 2 types of funds that are Book Built Issue and Fixed Price Issue, in the first, investors have to bid a price whereas, in the later, IPO is issued at a fixed price. SAS Online, a discount broker doesn’t offer direct investment in IPO, however, if you have a demat and trading account with the broker, then you can still apply in IPO. Scroll down the page to check the complete details about SAS Online IPO Investment.
Although being a discount broker, SAS Online doesn't offer direct investment in IPO, however, clients can follow the ASBA process to subscribe IPO with SAS Online.
SEBI’s mandate in Jan 2016 states that all IPO and FPO applications must be channeled through the ASBA process via Self-Certified Syndicate Bank (SCSB). Interested investors can apply in IPO with SAS Online following the ASBA process using SAS Online Demat Account. To do this, one needs to follow the below-provided steps;
Notably, the IPO investment service is only available to Indian residents and NRI can’t invest in IPO with SAS Online.
Detail Article on ASBA Process for IPO Investment >> Read
Customers can find the SAS Online DP Account number on the welcome letter, monthly demat holding statement, or back-office software. You can further call the customer care staff of the broker to know the depository details.
Last Updated on 14th Sep 2023
If on allotment date, you’re allotted with the requested shares then the allotted number of shares whether partially or fully, whatever the case is, will be credited to your SAS Online Demat Account. As after allotment, IPO is being listed on the stock exchange so, you can place a sell order to sell the holdings anytime using the trading account.
No, IPO investment with SAS Online is only possible via a single route – ASBA process though the net banking. There is no other way because the discount broker doesn’t offer IPO directly means you can’t invest in IPO with UPI app.
