IPO Pre Apply Process: Many investors believe they can only invest in IPOs after the subscription opens, which is not entirely true. One can apply in advance to buy an IPO through any available brokerage app; this is called a pre-application.
With a pre-application, one can apply for an IPO before the subscription period begins in the primary market.
Let’s understand the entire process:
Investors today have started showing interest in both the stock market and the IPO or primary market. In the primary market, a company prepares to enter the stock market by issuing an IPO. If you do not get an IPO allotment due to oversubscription, here are some ways you can choose to submit a pre-application.
How To Apply For IPO: Step-By-Step Process
How to apply for an IPO from a brokerage app:
Step 1: The very first step to apply for an IPO is to log in to your brokerage app. If you don’t have a demat account, you will need to open one.
Step 2: You can go to the “Upcoming IPO” section to get details of upcoming IPOs.
Step 3: Additionally, you can follow our portal, Jagran Business, to keep track of upcoming IPOs; we will continue to share the details.
Step 4: Check our website to see all the details related to any upcoming IPOs.
Step 5: Now, click on any of the IPOs you want to invest in. After this, you can enter your bid details.
Step 6: Finally, pay through UPI or any other available sources to apply for the IPO.
Step 7: There are several things you should keep in mind before subscribing to an IPO.
Things to Keep in Mind While Applying for an IPO:
Through an IPO, you can buy shares of a company directly from the company in the primary market, not from any secondary market. There are many things to keep in mind before applying for an IPO:
– Price bands, lot sizes, and minimum investment.
– Additionally, you must also check the estimated GMP (Grey Market Premium).
– Although GMP is always changing, you should keep checking our website for IPO and GMP-related updates.