If you really want to start investing in IPO ( Initial Public Offering) you need to follow following steps:
👉Open Bank Account
Suppose you have your Bank Account on ABC Bank
👉 Open Demat Account
Suppose you have your Demat Account on XYZ Bank. One can open Demat Account from Bank &Financial Institutions, Merchant Bankers and Stock Broker . For applying IPO online you need to have Meroshare login. Meroshare login can be received from your DP(place where you opened your demat).
In above case XYZ bank is your DP and you can get the meroshare login from XYZ Bank. Meroshare login Details will be sent to your email after you apply for meroshare.
In above case XYZ bank is your DP and you can get the meroshare login from XYZ Bank. Meroshare login Details will be sent to your email after you apply for meroshare.
👉 Take CRN Number :
CRN number can be received from your Bank . After Opening Demat please move to your Bank to take CRN number. CRN number links your bank account with Demat Account. CRN number is used everytime while applying IPO, So Please keep it safely.
In this case you have to move to ABC bank to take CRN number.
Cheers ! Now its time to Apply for IPO!
In this case you have to move to ABC bank to take CRN number.
Cheers ! Now its time to Apply for IPO!
There are 2 ways to apply IPO: You may follow one way:
a) Visiting your Bank
b) Online
👉 Visiting your Bank: If you are not used to in internet then you can apply IPO by visiting your Bank . Remember your bank should be the bank from where you have already received the CRN Number. In this case you have to visit ABC bank and fill up the form and apply for IPO.
👉 Online: We are on era of internet and technology so lots of people prefer online application which is possible from their devices. For applying IPO online you need to have Meroshare login. Meroshare login can be received from your DP(place where you opened your demat).
In above case XYZ bank is your DP and you can get the meroshare login from XYZ Bank. Meroshare login Details will be sent to your email after you apply for meroshare.
In above case XYZ bank is your DP and you can get the meroshare login from XYZ Bank. Meroshare login Details will be sent to your email after you apply for meroshare.
Question : Can I apply IPO without Demat Account?
Answer : No, Without Demat you can't apply.
Question : Can I open Multiple Demat?
Answer: Yes, you can open but limit is 2. If a person holds 3 Demat account then its illegal according to SEBON.
Question : Can I take multiple CRN Number?
Answer: Yes, You can take multiple CRN Number. But for new CRN number you must have a bank account in that particular bank.
Question: Can I apply the same IPO from my 2 Demat account ?
Answer: If you apply the same IPO from 2 Demat account then both the applications will be cancelled.
Even though you can open two Demat please don't apply the same IPO from multiple Demat account.
"Remember ! : One IPO, One application only"
Even though you can open two Demat please don't apply the same IPO from multiple Demat account.
"Remember ! : One IPO, One application only"
Question: Where does my amount move when I apply for IPO?
Answer: Your balance won't move anywhere ! Applied amount will be blocked in your bank account. After the allotment process allotted amount will be deducted and not allotted amount will be released.
Question: Do bank charge for IPO application?
Answer: Yes, Some Bank Do ! Its better to contact your bank and ask them about ASBA charges.
Question: Can I apply IPO if I don't have money in my bank account?
Answer: Initially your application will be submitted. After Some time bank will check balance to verify your IPO application from their end. If the bank doesn't find the sufficient balance your applications will be rejected.
Question: Charges for Demat and meroshare?
Answer: Demat Opening charge: Rs 150 and Ever year renew charge: Rs 100
Meroshare opening and renew charge : Rs 50
But if you are lucky then you might find some schemes that provides you free Demat and Meroshare but thats rare !
Meroshare opening and renew charge : Rs 50
But if you are lucky then you might find some schemes that provides you free Demat and Meroshare but thats rare !
(If you want some more questions's related to this topic.Please comment below, I will try to give answer in the FAQ Section.
Helpful Links:
List of DP's From where you can open Demat account: Please click here to get the list
This video might guide you to apply IPO from meroshare!
DISCLAIMER : This material is for educational purpose only. Investment must be done with further study. Writer wont be responsible for any loss gain.
Helpful Links:
List of DP's From where you can open Demat account: Please click here to get the list
This video might guide you to apply IPO from meroshare!
DISCLAIMER : This material is for educational purpose only. Investment must be done with further study. Writer wont be responsible for any loss gain.
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Thanks for the valuable information
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