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Aditya Birla Money IPO Review


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Aditya Birla Money, a Full-Service Stock Broker

Aditya Birla Money Financial Services is a Chennai based full-service stockbroker. For over 25 years, Aditya Birla Money provides a range of financial services including stock broking at BSE and NSE. It also offers other financial services such as PMS, Mutual Funds, Depository and e-Repository services.

Aditya Birla Money offers its services through online, offline and call and trade mediums. A dedicated Relationship Manager (RM) is provided to customers. The RM provides personalized trading assistance and advises the customers on trading.

Aditya Birla Money has a dedicated team of research analysts who conduct technical and fundamental analysis across stocks, businesses and economy. The team regularly publishes research reports based on its analysis.

Aditya Birla Money offers free trading platforms to all its customers.

Initial Public Offer (IPO)

Initial Public Offer or IPO has become very popular with investors in the last few years. It is the process through which a private company offers its shares to the general public and gets listed on the stock exchange for the first time. After the IPO process, a private company becomes a publicly traded company.

Mainline companies get listed on BSE and NSE. SME companies get listed on BSE SME and NSE Emerge.

A company comes up with an IPO for various reasons like-

  1. Raise funds to meet expansion plans
  2. To repay its existing debts
  3. For working capital requirements
  4. For general corporate needs
  5. To get benefits from listing in an exchange
  6. To sell promoters shares

Investors are categorized into 3 types, Retail Individual Investors (RIIs), Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs), in an IPO. Each investor category has a fixed quota. The allocation is 35: 15: 50 for RII, NII and QIB respectively. Some companies also offer a price discount to retail investors to encourage their participation.

Aditya Birla Money Customers - Apply in an IPO

Aditya Birla Money doesn't offer Online IPO Application services to its customers. So you cannot apply for an IPO using the trading platforms of the company. However, customers can get details of current, forthcoming and best-performing IPOs on its website. The IPO section also provides news and stock performance of the IPOs.

The customers who have the Demat account with ABM can apply in IPOs using 'Net Banking ASBA' facility offered by their banks. Most banks including SBI, ICICI, HDFC and Axis etc., provide the facility to apply for IPO shares online through netbanking.

The process to apply for an IPO through net banking is easy. You need access to your net banking and ABM Demat Account detail while applying for an IPO.

Steps to Apply in an IPO through ASBA Netbanking

Aditya Birla Money customers need to take the following steps to apply in an IPO using net-banking-

  1. Visit your bank's website.
  2. Log in to your netbanking account.
  3. Visit 'Online Investments -> Invest in IPOs' section of the website. You may have to register for applying for an IPO.
  4. Choose the account from which you would like to invest in IPO.
  5. Select the IPO from the list of available open IPOs.
  6. Enter the IPO details like lot size, price and other required details. Please ensure that you provide ABM Demat account details.
  7. Confirm the information and submit the application.

You get a confirmation for the successful application. The total amount of your IPO application will get blocked in your bank account. It will be debited if the allotment is done, else the money will be unblocked. You will earn interest on the money for the period it is blocked.

The allotted shares (if allotted) will be credited to your Aditya Birla Money Demat Account. The shares can be traded from the listing day. The process of selling IPO shares is the same as any other shares.

FAQ's

  1. I have an account with Aditya Birla Money. Can I apply in an IPO?

    ABM doesn't offer IPO application services. However, you can use your bank's ASBA netbanking facility and use your ABM Demat account to apply for an IPO. The process is simple and explained above.

    Discuss this question

  2. How do I apply in IPO using my Aditya Birla Money trading account?

    Aditya Birla Money (ABM) doesn't offer online IPO to its customer.

    If you have a demat account with ABM, you could use it to apply in an IPO online through your bank i.e. ICICI, HDFC, SBI or Axis.

    The process of applying in IPO through net banking is simple. You could find more detail about this at:

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  3. How do I sell IPO Shares with Aditya Birla Money?

    You can sell the shares allocated in IPO once the company is listed on the exchange. Selling IPO share is simple. It is exactly like you sell any other share through Aditya Birla Money.

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  4. Who can apply in IPO's with Aditya Birla Money?

    Clients with a bank account and a demat account can participate in an IPO.

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  5. How much fee do I have to pay to apply IPO online with ABM?

    Aditya Birla Money or the banks don't charge any fee for applying in IPO.

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  6. Can I apply in IPO's using Aditya Birla Money Mobile Trading App?

    No, ABM's mobile trading app Mobile Invest doesn't offer IPO application facility.

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  7. Does ABM offer online IPO application services to its NRI customers?

    No, they don't offer IPO services to NRIs.

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  8. Does Aditya Birla Money provide research reports about IPO?

    No, Aditya Birla Money doesn't offer research reports on IPO. However, it provides information on open/forthcoming IPOs, news and performance of IPOs on its website.

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Information about Aditya Birla Money Initial Public Offer, Aditya Birla Money IPO, Aditya Birla Money Allotment Status, Aditya Birla Money Applciation Status, Aditya Birla Money ASBA, Aditya Birla Money Apply IPO andAditya Birla Money Demat.

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Information on this page was last updated on Thursday, March 7, 2019


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