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Alice Blue IPO Review


Alice Blue Financial Services is a Bangalore based discount stock broker. For over 20 years, Alice Blue provides a range of financial services including stock and commodity trading at BSE, NSE, and MCX.

Alice Blue has a simple flat rate trading plan F20. This offers to trade at the brokerage rate of Rs 20 per executed (irrespective to the size of order) or 0.01% whichever is lower across the segments at BSE, NSE, and MCX. Equity Delivery (Cash & Carry) trades are offered free of brokerage fee under this plan.

Alice Blue offers services to cater to both types of customer, customers who can trade online with minimum assistance from the broker and customers who require timely and personal attention to their trading needs. A dedicated relationship manager (RM) is provided to customers who need personalized assistance. The RM takes care of customer need and works one point of contact.

Unlike most other discount brokers, Alice Blue has a team of research analysts who offer free research and advice to all its customers. The research is offered to the customer based on the technical and fundamental analysis.

Alice Blue offers free trading software to all its customers.

Initial Public Offer (IPO)

Initial Public Offer or IPO is a set of stocks which company sells to the public for the 1st time. In this process, the company gets listed on the stock exchange where its stock begins to trade. Privately help companies become publicly traded company once IPO process is over.

The private company brings IPO (or sell their shares) to raise funds for upcoming projects, pay debts, sell promoters holding or simply to get advantages of listing at the stock market.

For investors, IPO offers a great opportunity to buy shares of the company. Retail investors have a fixed quota (35% reserved in most cases) in an IPO. This reservation increases the chance of getting more shares of the company. Some retail investors use this to buy IPO shares for listing gains only, instead of holding the shares for long-term.

Alice Blue Customers - Apply in an IPO

Alice Blue doesn't offer an Online IPO Application to its customers.

As customers have the Demat account with Alice Blue, they can apply in IPO's using 'Net Banking' facility offered by the bank where the customer has the bank account. Most banks including ICICI Bank, HDFC Bank, SBI Banks, Axis Bank, Kotak Mahindra etc. provide an option to apply for IPO shares online. The process of applying IPO's through net banking is simple.

You need access to net banking and your Alice Blue Demat Account detail at the time of applying for IPO Shares.

Once allotment is done, the shares are credited in your Alice Blue Demat Account. You can hold them or sell them from your Alice Blue Trading Account. The process of selling IPO shares is the same as selling any other shares from your trading account.

Easy Steps to Apply in an IPO

Following are the steps Alice Blue customers can follow to apply in IPO's using net-banking offered by their banks.

  1. Visit the website of the bank where you have an account.
  2. Log in to your net-banking account.
  3. Visit 'Online Investments -> Invest in IPO' section of the website.
  4. Choose your bank account from which you would like to invest in IPO.
  5. Confirm your customer detail for the IPO application.
  6. Select the IPO you would like to apply for.
  7. Provide your demat account information as below
    • Depository = CDSL
    • DP ID = 12085300
    • DP Account = [Your Demat Account Number]
    • DP Name = Alice Blue Financial Services Private Limited
  8. Confirm the information and submit the application.

You get a confirmation from your bank for your application successfully submitted to the exchange by end of the day.

The allotted shares (if any) are credited to your Alice Blue Demat Account. They are available for sell on the day of listing of IPO shares.

The total amount of your IPO application remains locked in your bank account. Once the allotment is done, the amount for which allotment is done is taken from the bank account. The remaining fund is unlocked and available to you in your bank account.

Alice Blue Special Offer

Free Equity Delivery Trade + Lifetime FREE AMC Demat Account

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 intranet and F&O trade brokerage. In addition, get Lifetime Zero AMC Demat Account with no additional cost. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you.

Frequently Asked Questions

  1. 1. I have an account with Alice Blue. Can I apply in IPO?

    Yes, you could apply in IPO using your Demat account with Alice Blue. But this can't be done directly using services offered by Alice Blue.

    You have to use the net banking services of your bank to apply in an IPO. While applying for IPO share, make sure you use the demat account number of your demat account with Alice Blue. The steps for applying in an IPO are provided in the section above.

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  2. 2. How do I apply in IPO using my Alice Blue trading account?

    It's easy and simple to apply in IPO through net-banking.

    Most banks net-banking facility offers the facility to apply in IPO's online. You can provide the demat account detail and apply in IPO. The process is 100% paperless, convenient and simple.

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  3. 3. How do I sell IPO Shares using my Alice Blue account?

    You could sell the allocated IPO stocks (Mainline IPO or SME IPO) in the same way you sell any other shares with Alice Blue. You could do that once the shares are credited in your Alice Blue Demat Account.

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  4. 4. Who can apply in IPO's with Alice Blue?

    Clients with a demat account can participate in an IPO. At the time of applying in IPO, if you mention the demat account information of your Alice Blue Demat Account, the allocated shares are created into your demat account automatically.

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

    Alice Blue or the banks doesn't charge any fee for applying in IPO.

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  6. 6. Can I apply in IPO's using Alice Blue Mobile Trading App 'ANT Mobi'?

    No, ANT Mobi doesn't offer online IPO.

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  7. 7. Does Alice Blue offer online IPO to its NRI customers?

    No, they don't offer IPO's to NRI's.

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  8. 8. Does Alice Blue provide research reports about IPO?

    Yes, Alice Blue analyzes and offer detail research reports about IPO's to its Clients.

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Contact Alice Blue / Request Call Back

Aliceblue Free equity delivery trading (truly no brokerage) and Flat ₹20 intranet and F&O trade brokerage. Get the offer

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Alice Blue Competitors Review

Information on this page was last updated on Wednesday, November 20, 2019


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