
How to Apply for an IPO Using Your Demat Account
Investing in an Initial Public Offering (IPO) can be a profitable way to grow your portfolio and participate in a company's journey from the ground up. If you’re a new investor, don’t worry! Applying for an IPO using your Demat account is a simple process. Here’s everything you need to know.
What is an IPO?
An IPO is when a private company offers its shares to the public for the first time. By investing in an IPO, you get the chance to own equity in a company at its initial offering price, often with growth potential as the company expands.
Why Invest in IPOs?
- Growth Opportunities: Be part of a company’s growth story.
- Early Entry Advantage: Buy shares at their initial price before they start trading on the stock exchange.
- Portfolio Diversification: Add new companies to your investment portfolio.
Steps to Apply for an IPO.
1. Open the Mero Share App
First, open the Mero Share app on your mobile device.
2. Navigate to "Apply for Issue"
Once logged in, go to the "Apply for Issue" section within the app.
3. Select the IPO
Browse through the available IPOs and select the one you wish to apply for.
4. Enter the Number of Shares (Kitta) and Your CRN Number
Enter the number of shares you wish to apply for (this is your kitta) and provide your CRN (Centralized Registration Number), which links your application to your Demat account.
5. Submit Your Application
Once you've reviewed all the details, click the "Apply" button to submit your application for the IPO.
FAQs
1. What is ASBA, and why is it important?
ASBA ensures your money stays in your bank account until the shares are allotted, reducing the risk of unauthorized transactions.
2. What happens if I don’t get shares allotted?
If your application is unsuccessful, the blocked amount will be released back into your bank account.
3. Can I apply for an IPO on behalf of a minor?
Yes, you can use a minor's Demat account to apply for an IPO. Ensure the guardian’s details are linked to the account.
Ready to Apply?
Start your IPO journey today and take a step toward smart investing. If you have questions, check out our detailed tutorial or contact us for assistance:
📞 01-5705596, ext 112
Happy Investing!