Anand Rathi IPO Review (Apply Steps, UPI and Allotment Status)

Anand Rathi IPO application service is quick and secure. Anand Rathi customers can apply for IPOs through the Anand Rathi website and mobile app.

Anand Rathi has been ranked among the top 10 distributors of IPOs across all major offerings. The company has a dedicated research team that provides customers with in-depth analysis of upcoming IPOs and offers investment recommendations.

Anand Rathi IPO Application

Anand Rathi provides both, online and offline IPO applications.

1. Online IPO Application

Anand Rathi offers its customers the opportunity to apply online for an IPO through its web platform - Trade X'press+ or mobile app - Trade Mobi. Using the Anand Rathi trading platforms, customers can easily place, cancel, or modify bids online until the IPO subscription window closes.

Anand Rathi has a separate IPO platform for guest users who do not have an account with Anand Rathi and want to apply for an IPO.

Steps to apply for an IPO through the Anand Rathi

1. Open Anand Rathi's website or mobile app.
2. Click on the 'Online IPO/ NCDs/ Bonds' link.
3. Choose IPO you would like to invest in.
4. Enter the PAN card number.
5. Add information like the BOID of your CDSL or NSDL Demat account, Name, City, Address, Pincode, and Email ID.
6. Select the IPO and click on the Apply button.
7. Fill in the Place Order Form - information like Quantity and Category.
8. Enter your UPI ID and click "Submit."
9. On the UPI app, you will receive a UPI mandate for payment, and funds will be blocked until allotment.
10. Funds will be deducted or a refund will be initiated based on the allotment status.

2. Offline IPO Application Process

Anand Rathi clients can also visit any of the branch offices to apply for an IPO. The customer opting for the offline route to apply for an IPO through the branch has to fill out the ASBA application form with details like bank account number, PAN number, and demat account and submit the form at the nearest branch office.

Anand Rathi IPO Charges

Anand Rathi IPO application service is free. Anand Rathi doesn't charge any fees from its customers to apply for an IPO.

Anand Rathi IPO Allotment Status

You can check the status of your IPO application under the Order Book tab. Anand Rathi does not maintain the IPO allotment status on its website. To check the allotment status of an IPO applied through Anand Rathi, you can visit the IPO Registrar's website or check our website on the IPO Allotment Status Page.

If you secure an allotment in an IPO, the equivalent blocked funds get debited from your bank account, and you will receive the credit of allotted shares in your Anand Rathi Demat account. In case you do not receive shares in the IPO allotment, the funds blocked by the bank will be released.

Conclusion

Anand Rathi offers online and offline IPO application services to its customers through the Anand Rathi website or Anand Rathi mobile App using the UPI payment gateway. The IPO Offline platform allows customers to apply for an IPO instantly and easily. Anand Rathi also provides in-depth overviews of upcoming IPOs and investment advice to its clients.

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Information on this page was last updated on Thursday, November 23, 2023