Sharekhan IPO Apply 2024

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Sharekhan offers online IPO applications via UPI. However, if you are not a registered UPI user, you still have the option to invest in an IPO through the ASBA net banking process.

Below you will learn how to apply for an IPO online through UPI using the Sharekhan app or website, what is the brokerage fee, how to check IPO allotment status and how non-UPI users can buy IPOs through ASBA process.

Sharekhan IPO Apply using UPI

Sharekhan online IPO apply through UPI is fast, convenient, and seamless. What you need is a valid UPI ID and a demat account with Sharekhan.

3 simple steps to subscribe to an IPO online;

1. Create a UPI ID
2. Place IPO bid using the Sharekhan mobile app or website, check the detailed process below.
3. Authorize the UPI payment mandate request

How to apply for IPO via UPI on Sharekhan App

All UPI users can submit IPO bid online at their fingertips using Sharekhan mobile app. The mobile app by Sharekhan is an all-in-one app to trade in equity, derrivatives on NSE, IPO, and mutual funds.

Here are the steps on how to apply IPO using UPI on the Sharekhan app;

1. Log in to the Sharekhan app.
2. Tap on 3 lines icon on the top-left corner.
3. Under the equity, tap on IPO/OFS/Bonds
4. The screen will display all the current or open IPOs.
5. Select the IPO of your choice.
6. Fill details in the IPO application form such as category (retail or HNI), quantity, price, and your UPI ID.
7. Tap on checkbox to accept IPO terms & conditions and click on submit.
8. Recheck details and click on confirm order.
9. Now, you will receive a mandate request on the provided UPI app.
10. Authorize the UPI mandate to block funds.
11. Once mandate is accepted, you can check your IPO applications in the order book on the App.

Before IPO apply via UPI, Keep in mind;

• Make sure that the UPI ID entered is linked to the Sharekhan mapped bank account only.
• Once you authenticate the payment request, the IPO bid amount will only be blocked. The actual amount will be debited only if you receive the allotment of shares otherwise funds will be unblocked.
• The IPO applications can be submitted from 10 AM to 5 PM during the IPO subscription period.
• You must accept the UPI mandate before the cut-off time (5 PM on the issue closing date) otherwise, your application will be cancelled.

Sharekhan IPO charges

Zero charges!

Yes, applying in an IPO with Sharekhan is free of charge. There is no brokerage fee charged on IPO investment.

However, when you sell allotted IPO shares from your demat account, you will be charged with the applicable brokerage fee.

SME IPO Apply in Sharekhan

Yes, you can apply in SME IPO with Sharekhan.

The full-service broker allows customers to purchase mainline (BSE and NSE) as well as SME IPOs at BSE SME and NSE SME platforms.

Unlike mainboard IPOs where the minimum retail investment amount is near to Rs 15,000, SME IPOs have a minimum investment above Rs 100,000. SME IPOs lot size are fixed in such a manner so that the minimum investment even of 1 lot is beyond Rs 1 lakh.

You can submit SME IPO applications in Sharekhan the same way as of other regular IPOs. Both the Sharekhan website and mobile app allow users to purchase SME IPOs using UPI.

Current SME IPOs in India

Sharekhan IPO Apply Demo

Still confused on how to purchase IPO online through Sharekhan. Let’s check the demo to learn the step-by-step IPO apply Sharekhan process;

• IPO Apply on Sharekhan App Demo
• IPO Apply on Sharekhan Website Demo

Sharekhan IPO Apply through net banking ASBA without UPI

For all Sharekhan users, who are not UPI subscribers, can purchase IPO through net banking or the ASBA process. As its name, you can buy IPO through your online banking platform.

Steps to apply IPO in Sharekhan via net banking

1. Log in to your net banking account in HDFC, ICICI, SBI, etc.
2. Search and click on the IPO option.
3. From IPOs that are open for subscription, select your choice of IPO.
4. Tap on Apply.
5. Enter details like number of shares, price, etc.
6. Enter your Sharekhan Demat account number so that shares can be credited to your demat account.
7. Submit the IPO bid.
8. Your bank account will be frozen upto the extent of the IPO application amount.
9. If you get an allotment of shares, amount will be debited from your bank account and you will get delivery of IPO shares in your Sharekhan Demat account or in case of no allotment, funds will be released back.

Sharekhan IPO Investment Platform

• Sharekhan Mobile App: Anyone who has an account in Sharekhan can purchase IPO anytime on the Sharekhan app using their mobile phones. Doesn’t matter whether you use an Android or iOS smartphone, Sharekhan app is available to download on both devices.
• Sharekhan Website: Sharekhan website is a browser-compatible trading website by Sharekhan. Customers can log in to their account on the Sharekhan website on any browser and submit IPO applications online.