Stoxkart online discount broker also provides IPO investment facility to clients. The best part is that stoxkart facilitates both the Indian as well as NRIs to invest in IPO online.
Clients who have a stoxkart trading account can easily apply for an IPO online through the UPI and after then the IPO shares allotted by the client will be shown in their Demat account.
How to apply for an IPO in Stoxkart?
To apply in an IPO, you would need a UPI account in the BHIM app or your net-banking app. UPI ID creation is a one-time process and there is no requirement to create the ID every time for applying to any IPO. Further, if you are already an existing user of BHIM UPI App, then there is no such requirement.
Let’s follow the steps to apply for an IPO online with the Stoxkart:
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Go to the Stoxkart website.
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Login with your account by using your client code and password.
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The ‘Apply IPO’ option will appear on the homepage, click on it.
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Select the IPO in which you wish to invest.
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Place an online IPO application request and enter bid details, bid price and bid quantity.
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After submitting the application request, you’ll get a mandate request on your UPI app.
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Open the UPI app to accept the IPO mandate request.
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Check the order status in the ‘Order Book’ page.
Note: This will freeze your money until the allotment date and if shares are allotted on the allotment date, then the amount will be debited from your account otherwise, the funds will get rejected. Once IPO shares are allotted then you will get it in your Stoxkart Demat Account.
How to Stoxkart IPO Allotment Status?
After requesting to buy an IPO online from Stoxkart you can check your IPO allotment status anytime. The broker provides ‘IPO Status’ check facilities to users through the below process:
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Go to Stockart’s official website.
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Click on the ‘Apply IPO’ button from the homepage.
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On the top, you will see an ‘IPO Status’ option, click on it.
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Now, you have to enter your PAN number and click the ‘Search’ option.
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Here, you can check IPO allotment status.
What are Stoxkart IPO charges?
You don’t require to pay any fee for Stoxkart IPO application services. You can enjoy brokerage free equity delivery trade. Also, you don’t have to bear any commission while selling allocated IPO shares through this discount broker.
At the time of selling IPO shares, you will have to pay only taxes and Demat debit transaction charges as applicable. Stoxkart charges ₹15 per Demat debit transaction charge.
How to apply in the Stoxkart IPO without UPI?
Suppose you are not able to apply in a Stoxkart IPO through UPI then you can do so with the ASBA net-banking facility. Many popular banks offer this facility like HDFC, SBI, Axis, Kotak Bank etc.
The application process is very easy. Thank your for guiding me through the step by step process.