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

CompositEdge offers only limited services. For investing in an IPO, you will need a bank account of a bank that offers ASBA facility apart from CompositEdge Demat account.

No, you are not required to sign a cheque for IPO application. You can apply for an IPO through bank account net banking. Your money will remain in the account and doesn't debited till you get allotment. If you do not get allotment, your money remains in the account and debit doesn't happen.

No, you cannot buy IPO shares online with CompositEdge. You can only use CompositEdge Demat account to get IPO shares credit. You have to apply in an IPO through your bank account.

When you get IPO shares in your Demat account, you can easily sell them out by placing a sell request through your trading account.

Note: You can only place sell request after the IPO is listed in the stock exchange.

No, you are not required to pay anything to apply in an IPO.

No, CompositEdge is a discount broker and doesn't offer banking facilities. To apply in an IPO, you have to invest through net banking services offered by the bank where you have a bank account.