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Bank of Baroda Online IPO Application Guide

Published on Saturday, February 26, 2022 by Chittorgarh.com Team

Bank of Baroda Online IPO Application Guide

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 3rd Party IPO Application

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 (Bank of Baroda IPO Timing)

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:

  • While you could place an IPO bid at any time (24 hrs) while the issue is open but it gets submitted to the stock exchange only between 10 AM to 5 PM on working days.
  • Bank of Baroda closes the IPO application by 3 PM on the issue closing date. This early closing gives them buffer time to upload the bids to the exchange IPO platform.

Steps to apply in IPO through Bank of Baroda Net-banking

Bank of Baroda offers an easy, simple, and secured ASBA IPO application. Below are the steps to apply in IPO through BoB net-banking:

  1. Log in to the Bank of Baroda Net Banking website.
  2. In top menu, go to Investments >> IPO >> Register New Investor
  3. Register the details of the applicant. (One-time process)
  4. Go to the Investments >> IPO >> Apply for IPO
  5. Select the IPO from the list of open IPOs.
  6. Select the applicant and enter bid details like Quantity and Price.
  7. Click on Continue and Submit.

Online IPO application through Bank of Baroda (BoB)

1. Log in to Bank of Baroda (BOB) Net Banking

Login to the Bank of Baroda net banking website and go to Investment >> IPO Tab.

Bank of Baroda IPO Application - Go to IPO Section

2. Register a New Applicant

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.

Bank of Baroda IPO Application - Go to IPO Section

3. Choose IPO

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.

Bank of Baroda IPO Application - Choose IPO

4. Fill IPO Application

Select the Investor name, Account number, Investor category (individuals or others), and Investor type (Indian resident or NRI) from the drop-down.

Bank of Baroda IPO Application - Choose Investor

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.

Bank of Baroda IPO Application - Fill IPO Bidding Details

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.

5. Review IPO Application

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.

Bank of Baroda IPO Application - Review

Submit IPO Application

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 IPO Application Demo


Conclusion

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.

Frequently Asked Questions

  1. 1. Can I apply for an IPO through the Bank of Baroda online?

    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

     

  2. 2. How to apply IPO in Bank of Baroda (BoB)?

    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:

    1. Login to your Net Banking account.
    2. In the top menu, go to the Investments >> IPO >> Register New InvestorEnter Name, Demat account number, and PAN number of the applicant. You can add up to 5 applicants.
    3. Go back to menu Investments >> IPO >> Apply for IPO
    4. Choose the IPO from the list of IPOs you wish to apply for and click on 'Apply'.
    5. Choose investor and other related details.
    6. Provide bidding details like price and quantity of shares.
    7. Check bid details and click on 'Submit.

    The bid amount gets blocked once you click on Submit and a message gets displayed on the screen confirming the successful IPO application.

     

  3. 3. How to apply IPO in the Bank of Baroda mobile app?

    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

    1. Login to your Net Banking account.
    2. Go to the Investments >> IPO >> Register New Investor
    3. Enter applicant details. You can add up to 5 applicants.
    4. Go to Investments >> IPO >> Apply for IPO
    5. Select the IPO and click on the apply link.
    6. Choose investor and enter bidding details.
    7. Submit the IPO application.

     

  4. 4. How to modify IPO bid in Bank of Baroda?

    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:

    1. Log in to the Bank of Baroda Net Banking website.
    2. Go to the IPO section under the 'Investments' tab.
    3. Click on 'Modify/Cancel Applied IPO'
    4. Modify the bid details as required and submit.

    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.

     

  5. 5. How to add a new investor to the Bank of Baroda?

    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:

    1. Login to your Bank of Baroda internet banking website.
    2. Go to Investments >> IPO >> Register New Investor.
    3. Provide below details to register investor
      1. Investor name,
      2. Depository - CDSL/NSDL
      3. Demat Account Number (in case of CDSL)
      4. DP ID and Client ID (in case of NSDL)
      5. PAN number
    4. Review the details and then click on 'Submit'

     

  6. 6. How many applications can I make while applying for an IPO using the Bank of Baroda?

    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:

    1. Investor name,
    2. Depository - CDSL/NSDL
    3. Demat Account Number (in case of CDSL)
    4. DP ID and Client ID (in case of NSDL)
    5. PAN number

    The 3rd party IPO application is the only online way to apply in an IPO in the name of Minor and HUF.

     

  7. 7. How to cancel IPO application in Bank of Baroda?

    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

    1. Login to your Bank of Baroda net-banking website.
    2. Go to Investments >> IPO >> Modify/Cancel IPO
    3. From this list of applied IPOs, select and cancel the IPO

    After cancellation, the bid amount blocked in your bank account also gets unblocked for use.

     

  8. 8. How to apply IPO in Bank of Baroda Mobile app?

    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.

     

  9. 9. How to apply for an IPO through the Bank of Baroda?

    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:

    1. Log in to the Bank of Baroda net-banking website.
    2. Add new Investor by visiting Investments >> IPO >> Register New Investor.
    3. Choose the IPO by visiting Investments >> IPO >> Apply for IPO.
    4. Select investor, fill, validate and submit IPO application form.

     

  10. 10. How to apply IPO through Baroda M Connect?

    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.

     

  11. 11. How to apply IPO through BOB net banking?

    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

    1. Log in to the net-banking website.
    2. Add new Investors - Investments >> IPO >> Register New Investor.
    3. Choose the IPO - Investments >> IPO >> Apply for IPO.
    4. Select investor, fill, validate and submit IPO application form.

     

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1 Comments

1. ipogroup   I Like It. | Report Abuse |   Link | Apr 21, 2022 1:14:13 PM Reply
i am old user in bank of baroda. i apply so namy IPO and got allotment thure 3rd party ASBA in bank of baroda. i can not add my friend demat account details and pancard number. thanks