Achiievers IPO Review (Apply Steps, UPI and Allotment Status)


Achiievers is a full-service broker offering various investment options for the customers. You can invest in equity, mutual funds, derivatives, currency derivatives, commodities, bonds, and fixed deposits. Achiievers also offers offline IPO investment services. The company has a presence in 850 locations in 12 states across India. You can visit any of the offices to apply for an IPO.

How to subscribe for an IPO at Achiievers?

You can apply in an IPO at Achiievers through offline mode. Achiievers doesn't offer online IPO application services. To apply in an IPO, follow these steps:

  • Select the IPO you want to subscribe
  • Fill the application form for an IPO and write the bank account number 
  • Authorize the form by signing it to make payment for IPO share
  • The money will be debited from the bank account only when you get the allotment
  • Shares will be credited in your Demat account

Note: The amount for IPO subscription remains in your bank account and only debited when you get the allotment. So, you are not required to worry about refunds when you do not get allotment.

Achiievers customers who want to apply in an IPO online can use the ASBA netbanking services of their bank and get the allotted shares credited in their Achiievers demat account. Most of the banks like ICICI, SBI, HDFC, Kotak, and Axis etc. offer this facility. Here are the steps to apply for an IPO using the ASBA:

  • Visit the website of the bank and log into your net-banking account
  • Visit the ' IPO' section of the website
  • Select the IPO you would like to apply for
  • Provide your demat account information as required
  • Confirm the information and submit the application

Frequently Asked Questions

  1. 1. Do I need a bank account with Achiievers to subscribe for an IPO?

    No. The broker doesn't offer banking services. You can apply for an IPO at Achiievers with any bank account. The amount for IPO subscription stays in your bank account until the allotment is done. If you get the allotment of the shares, the money is debited from that account. It reduces the risk and waiting period to get the money back in the account.

     

  2. 2. Is it safe to invest in an IPO with Achiievers?

    Yes, it is safe to invest with Achiievers as the broker is regulated by SEBI. Plus, your money remains in the bank account till the allotment of IPO is complete. You are not required to worry about refunds if you do not get allotment as your money is held in your account. The investment is released if you don't get an allotment and is debited only if you get allotment.

     

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Information on this page was last updated on Tuesday, December 3, 2019


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