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Published on Saturday, February 26, 2022 by Chittorgarh.com Team
Bank of Baroda is a SEBI registered Self-certified Syndicate Banks (SCSB). They provide online IPO applications (ASBA) through the Bank of Baroda Net Banking service.
Bank of Baroda customer who has access to net banking can apply in IPOs online using the net-banking website. Note that the online IPO application facility is not available on its Mobile App (Baroda M Connect).
Bank of Baroda is amount few banks in India that provides 3rd party IPO applications where a customer can apply in up to 5 IPOs on different names using the same bank account. This facility is the only way through which you can apply online in an IPO in Minor, HUF, and Corporate demat accounts.
BoB IPO time is 9 AM on Issue Open Date until 3 PM on Issue Closing Date. Bank of Baroda IPO application using net-banking is available to apply/modify/cancel from the day the public issue opens until 3 PM IST on the last day.
Note:
Bank of Baroda offers an easy, simple, and secured ASBA IPO application. Below are the steps to apply in IPO through BoB net-banking:
Login to the Bank of Baroda net banking website and go to Investment >> IPO Tab.
Go to Investments >> IPO >> Register New Investor to register, modify or delete up to 5 IPO applicants.
It is a one-time process that requires entering the Applicant name, Depository name (CDSL or NSDL), Demat account number (in case of CDSL), Client ID, and DP ID (in case of NSDL), and PAN to register a new investor. These details get auto-filled whenever you apply for an IPO by selecting the applicant's name.
To apply for an IPO, go to the Investments tab and click on "Apply for IPO". Select the desired IPO from the list of open IPOs and click on Apply.
Select the Investor name, Account number, Investor category (individuals or others), and Investor type (Indian resident or NRI) from the drop-down.
After filling in the applicant details, you need to fill in the subscription details. You can place up to three bids in an application. Enter the bid quantity in the number of shares. You can either enter the bid price within the price band or tick the 'cut-off' price.
The cut-off price means that you accept the allotment at the upper price point of the price band given by the company. Please note only retail investors can bid at cut-off price.
Review all the application details like applicant name, account number, PAN No., bid quantity, price. In case of any changes, go back and update the required data. The bid quantity and price modification are allowed at a later stage as well. However, you are not allowed to update applicant details later. It may require you to cancel the entire application and apply for a new one.
Once all the details are verified, click on continue.
Click on submit as the last step to complete the IPO application process. Once you click on Submit, the bid amount gets blocked from your account.
You can submit the IPO bids anytime from the IPO open date till 3.00 pm on the IPO closure date.
Bank of Baroda offers an ASBA IPO Application to its customers to apply for an IPO using the BOB Net Banking services. You can apply, modify, cancel the bids at your convenience while the IPO window is open at no extra cost. Bank of Baroda also supports a third-party IPO application that allows you to apply for up to five IPO applications on different names from one account in an IPO.
Yes, you can easily apply for an IPO online through the Bank of Baroda Net Banking facility.
Bank of Baroda is one of the SEBI-identified SCSBs that provides ASBA services to its customers to allow online IPO applications. You need to have an account with Bank of Baroda and Net Banking facility with transaction rights to access the online IPO functionality.
Bank of Baroda also supports ASBA 3rd Party IPO Application through which you can submit multiple IPO applications in an IPO from a single bank account
You should have a bank account with the Bank of Baroda (BOB) along with access to the Net-Banking facility to apply for an IPO in BoB. Bank of Baroda supports 3rd Party IPO applications through which you can submit multiple IPO applications from a single bank account in an IPO.
Steps for applying in an IPO through BOB Net banking are:
The bid amount gets blocked once you click on Submit and a message gets displayed on the screen confirming the successful IPO application.
The Bank of Baroda Mobile App (BOB World) does not offer online IPO application functionality.
Bank of Baroda customer who has access to a net-banking facility has to use the bank's net-banking website to apply for an IPO.
Steps to apply in IPO using BoB Net-banking Website
You can easily modify an IPO bid in Bank of Baroda through the Net Banking facility while the IPO window is open.
Steps to modify IPO bid in Bank of Baroda are:
It is important to note that, in case of downward revision of the bid amount, the original amount remains blocked till the finalization of allotment. However, in case of the upward revision, the bank blocks the additional amount from your account.
You also have an option to withdraw/cancel the bid through the same menu while the IPO window is open.
To apply for an IPO through the Bank of Baroda, users need to register investor details as a one-time process. Once the details get added, you only need to select and add these details from a drop-down while applying for future IPO applications.
Steps to add investors in Bank of Baroda account:
Bank of Baroda supports third-party IPO applications which allow up to 5 IPO applications using one bank account. These applicants could be any individuals, minors, HUF, or corporate accounts.
You have to provide the following details to register the investors:
The 3rd party IPO application is the only online way to apply in an IPO in the name of Minor and HUF.
You have the option to cancel/withdraw an IPO application while the IPO is still open. You can cancel your IPO bid in Bank of Baroda through its Net-banking website.
Steps to cancel IPO application in Bank of Baroda
After cancellation, the bid amount blocked in your bank account also gets unblocked for use.
Bank of Baroda Mobile app (Baroda M Connect) does not offer the facility to apply in IPOs. However, you can easily apply for an IPO through the Bank of Baroda Net Banking website.
Bank of Baroda offers an online IPO application through its website. A Bank of Baroda (BoB) bank account holder with access to a net-banking facility can apply up to 5 applications in an IPO (3rd Party IPO Application). Note that the online IPO facility is not available on BoB mobile app.
Bank of Baroda allows you to apply in IPO for other family members, friends, minors, HUF, or even company names using one bank account. The limit is up to 5 IPO applications from one bank account in an IPO.
Follow the below steps to apply for an IPO through the Bank of Baroda:
BOB Mobile App (Baroda M Connect) does not offer online IPO applications. For applying for an IPO, you can use the Bank of Baroda ASBA facility, offered through their Net Banking website.
Bank of Baroda (BoB) allows its customers to apply IPO through BoB net banking facility. BoB bank account holders can apply 5 applications (3rd Party IPO Application) from one bank account in an IPO.
Steps to apply IPO through BOB net banking
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Apr 21, 2022 1:14:13 PM
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