Trade in IPO from Upstox
If you are an Upstox user you already have an Upstox Demat Account. You can start trading and investing in an IPO instantly with the help of your existing online bank account. Starting to invest in an IPO is simple. Identify which IPO you would like to be a part of and then you can use your existing online banking account login information. All major banks offer IPO options.
You can give your Upstox Demat account details in order to invest in IPOs. The details of your investments in an IPO, will automatically come to your Upstox Demat account once the allotment is completed. You can give your Depository Participant ID provided by Upstox.
Investing in an IPO
Here’s an example of the 16-digit DP-ID provided to you by Upstox. The first eight digits are unique to the broker and the last eight digits are uniquely given to you.
DP ID Client ID
With the Upstox Pro mobile and web trading platform, you can see your IPO information under the Holdings section once the shares are allotted to you.
Investing in IPO with an Upstox Demat account is easy. Here are a few steps that you can follow:
- Login to your net banking account with whichever bank you hold an account. The ASBA or Application Supported by Blocked Amount enables your bank to set aside some amount of money from your account to invest in IPOs. Only banks can provide ASBA system.
- You can place your bids once you decide which IPOs you wish to invest in. For the latest list of IPOs you can invest in, click here.
- Select the IPOs you want to invest in. Then, fill out your personal details including the 16-digit depository ID provided by Upstox in your netbanking system.
- Once your shares are allotted you can view them in the Holdings section of Upstox Pro mobile and web trading platforms.
Upstox gives you an added advantage with free delivery trading. Therefore, you can sell or purchase shares in IPOs for no brokerage cost.