Investing in IPOs can be a great way to kickstart your investment journey, and even for an already active trader, adding IPOs to your portfolio can always be a good strategy. But what do you do after you decide to invest in IPOs?
Applying for an IPO has never been easier, and with Bajaj Broking, it’s just a matter of following a few simple steps. In this guide, we will walk you through how you can seamlessly apply for an IPO with Bajaj Broking.
What is an IPO?
IPO stands for Initial Public Offering. It means that the company has decided to invite the general public to invest in their business, for the first time. This is often referred to as “going public.”
Now, let’s try to understand the more important aspect of this process. How do you apply for an IPO?
Did You Know?
IPO applications with Bajaj Broking can be done in just six easy steps!
Six Simple Steps to Apply for an IPO
Step 1: Open a Demat and Trading Account
Opening a trading account is the first step for any investor who is new to the market. While you are at it, it would be useful to open a demat account as well. You can create these accounts with Bajaj Broking effortlessly. Once you create these accounts, or if you already have them, you should move on to the next step.
Step 2: Log In to Your Bajaj Broking Account
Once your accounts are set up, log in to the Bajaj Broking trading app or website to access your trading account.
Step 3: Go to the IPO Section
On your dashboard, you’ll find the IPO section, which lists all the current and upcoming IPOs. This helps you explore your options at your own pace.
Step 4: Choose an IPO to Apply For
After reviewing the available IPOs, select the one you want to invest in and proceed with the application.
Step 5: Enter Your Bid Details
Decide how many shares you want to buy and at what price. This price should be within the range specified by the company.
Step 6: Select Your Payment Method
You can pay via UPI, net banking, or other approved methods, including ASBA (where funds are blocked until the allotment, and the money is only debited after the shares are allotted).
That’s it. Review and submit the application and wait for your allotment status update.
Pro Tip – You can also choose the “Pre-Apply” option to apply for IPOs through Bajaj Broking.
Conclusion
Investing in IPOs is very simple with Bajaj Broking. Even for a complete stranger to the stock market, the process is easy enough to go through and complete. Further, the app has tools and features that allow you to educate yourself and make decisions regarding your investment.
