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Espresso Sharekhan IPO Review (Apply Steps, UPI and Allotment Status)


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Espresso offers instant, online, paperless IPO application services. The customers can apply for IPO within minutes using UPI (Unified Payment Interface) through the Espresso website and App.

Espresso is a Mumbai-based discount trading platform launched by Sharekhan in 2020 to provide low-cost trading services to its customers. Espresso provides a fully digital IPO application facility to its clients that allow them to apply for IPO at their fingertips. Espresso also maintains the list of upcoming IPOs, new listings, and IPO order reports.

Espresso offers a unique Pre Apply IPO feature to its customers that allows them to apply for IPO even before the IPO opens for the subscription.


Espresso IPO Application

Espresso offers to apply for IPO through its website and App using the UPI payment gateway.

Steps to apply in IPO through Espresso website:

  1. Log in to the Espresso website.
  2. Go to the E-Apply option.
  3. Click on the IPO from the dropdown.
  4. Select the IPO or your choice from the Active IPO.
  5. Click on Apply.
  6. Fill in the IPO application details like Demat Account Number, Category, Number of shares, Price, Quantity, and UPI ID.
  7. Click on the Place Order button and confirm the order.
  8. Open your UPI App and approve the payment request.


Steps to apply in IPO through Espresso App

  1. Log in to the Espresso Mobile App.
  2. Click on Menu.
  3. Click on E-Apply and select the IPO option.
  4. Select the IPO you want to invest in from the list of Current IPOs.
  5. Fill in the bid details like Demat Account Number, Investor Category, Number of shares, Price, and Quantity.
  6. Enter the UPI ID and place the order.
  7. Confirm the order.
  8. Approve the UPI mandate request to complete the IPO application process.



Espresso Pre Apply IPO

Espresso customers can apply for IPO before the IPO opens for subscription through the Pre Apply IPO feature. This feature also allows Espresso clients to apply for IPO even after the market hours.

Espresso Pre Apply IPO feature is available on both the web and mobile platforms. The process for Pre Apply IPO is the same as the normal IPO application process using UPI. However, the IPO UPI mandate in such cases is received only once the IPO opens for the subscription.

The Pre Apply IPO window starts from the Pre-Apply Date mentioned against the IPO.




Key Features of Espresso IPO application

  • Quick and paperless IPO application service.
  • Available on mobile and web.
  • IPO order reports.
  • Pre Apply IPO Feature.
  • Cancellation and modification option.
  • Maintains a list of Current IPO, Upcoming IPO, New Listings, and IPO Order Report.

Espresso IPO Charges

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


Espresso IPO Allotment Status

You can check the status of your IPO application under the IPO Order Report tab. Espresso does not maintain the IPO allotment status on its website. To check the allotment status of IPO applied through Espresso, you can visit the IPO Registrar's website or check our website at 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 Espresso Demat account. In case you do not receive shares in the IPO allotment, the funds blocked by the bank will get released.


Conclusion

Espresso offers a fully digital IPO application facility to its customers to apply at their convenience through the Espresso website or Espresso mobile App using UPI payment gateway. Espresso also allows its clients to apply for an IPO before its subscription opens or aftermarket hours using the Pre IPO Apply Feature.

Espresso Sharekhan Special Offer

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  • Zero Account Opening Fee +
  • Brokerage-free Equity Delivery and loss making intraday trades +
  • Flat Rs 20 per trade brokerage for Intraday (profit trades) & F&O +
  • Trade with trusted sharekhan brand.

This is a limited-time offer. Open Instant Espresso Account online and start trading today.

Frequently Asked Questions

  1. 1. Does Espresso offer IPO investment facility?

    Yes, Espresso offers an online IPO investment facility. Espresso customers can apply for an IPO through its website or mobile trading app using UPI ID.

    With Espresso, you can also pre-apply for an IPO before the opening of the subscription period. Espresso IPO application process is easy, hassle-free, and safe which allows investors to apply at their convenience from anywhere.

     

     

  2. 2. How to apply in IPO through Espresso?

    Espresso offers an online IPO application facility on its web and mobile app. The online IPO application facility is available free of charge.

    Steps to apply for an IPO through Espresso:

    1. Log in to the Espresso website or Mobile App.
    2. Go to E-Apply and select IPO.
    3. Enter the IPO bid details.
    4. Provide a UPI ID.
    5. Place the order and confirm.
    6. Approve the UPI mandate.

     

     

  3. 3. What are the charges of Espresso IPO?

    Espresso IPO application service is free. There are no charges to apply for an IPO through Espresso.

     

     

  4. 4. How to apply in IPO in Espresso without UPI?

    Espresso allows online IPO applications using the UPI payment gateway. If you do not have a UPI ID, you can apply for an IPO using the ASBA Net banking facility and Espresso Demat account details.

    Steps to apply for an IPO in Espresso without UPI:

    1. Log in to your Net banking account.
    2. Visit the IPO section of the website that is generally under the Investments section.
    3. Select the IPO you would like to apply for from the list of active IPOs.
    4. Enter the IPO bid details and provide the Espresso Demat account number.
    5. Confirm and apply.

     

     

  5. 5. How to check the status of IPO through Espresso?

    You can check the status of IPO through the Espresso website or Espresso Mobile App.

    The IPO application status is available under the IPO order report. You need to log in to your account and go to the IPO section to check the status of your IPO.

     

     

Espresso Sharekhan Account Opening Enquiry

Zero Account Opening Fee + brokerage-free Equity Delivery + Pay only when you profit in Intraday. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Espresso by Sharekhan and start trading today.

Information on this page was last updated on Sunday, April 24, 2022

Special Offer: Zero Account Opening Fee + brokerage-free Equity Delivery + Pay only when you profit in Intraday. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Espresso by Sharekhan and start trading today.

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