IPO Application Process

IPO Application Process


The IPO application process is simplified and can be done online. IIFL Capital offers an online facility to apply to IPOs through its proprietary trading software, Trader Terminal, which minimizes paperwork.

The general process involves:
- Collecting and submitting a subscription form to collection centers or collecting bankers to the issue.
- Shares are allotted through a bidding process and deposited into the investor's Demat account.
- SEBI offers ASBA (Applications Supported by Blocked Amounts), where the application amount is blocked from your bank account and debited only upon allotment.
- You can apply online through your broker or bank's trading platform, with UPI-based payment mandatory for retail investors applying online

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