How to Apply for an IPO With Sharekhan?

You can apply for an IPO with Sharekhan on their website as well as on the app. Kindly follow these below-stated steps: 

For the Website: 

Step 1: Please log in to the Sharekhan website and select the ‘IPO & OTHERS’ menu option where you see on the top-right from the list of active IPOs, select the IPO of your choice.

Step 2: Enter details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price, and others in the IPO application form.

Step 3: Further, enter your UPI ID (make sure this UPI ID is connected to your Sharekhan-mapped bank account) on the form. Carefully read and accept the ‘Terms & Conditions’ and click on the SUBMIT button.

Step 4: Verify the details and confirm the order on the order confirmation screen.

Step 5: Upon the exchange receiving details about your bid, you will be notified (IPO mandate request) on your UPI app and an SMS as well. Then, log in to your UPI app and go to the pending mandates section.

Step 6: Recheck all the details once again and authenticate your bid amount by entering your UPI PIN.

Step 7: Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Step 8: You can view your IPO order now on your Sharekhan website. 

For the Sharekhan application

Step 1: You have to log into the Sharekhan app and tap the hamburger menu.

Step 2: You need to tap IPO/OFS/BOND to land on the IPO dashboard under the EQUITY dropdown option. 

Step 3: Select the Current IPO tab and choose the IPO of your choice.

Step 4: Enter your details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price, and others on the IPO application form.

Step 5: Further, enter your UPI ID (make sure this UPI ID is connected to your Sharekhan-mapped bank account) on the form.

Step 6: You need to read and accept the ‘Terms & Conditions’ and click on the SUBMIT button. Verify the details and confirm the order on the order confirmation screen.

Step 7: Upon receiving details about your bid, you will receive a notification (IPO mandate request) on your UPI app and an SMS as well.

Step 8: You need to log in to your app and go to the pending mandates section.

Step 9: Confirm all the details once again and authenticate your bid amount by entering your UPI PIN.

Step 10: Finally, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.