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84.8% 105,160 Clients
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Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Finvasia is a fast growing online stock broker offering brokerage free trading at BSE, NSE, and MCX. Finvasia is also a depository participant with CDSL through which they provide a demat account.
Finvaisa started zero brokerage trading since 2016. Since then the company made over 10,000 customers (as of Jan 2018).
Finvasia built an in-house trading platform Scalpert. This platform offers online trading facility through the website and a mobile application. This trading platform is available for free to all its customers.
Initial Public offer is a popular way investors buy shares in the early stage of the listing of a company. It gives an opportunity to invest for long terms in promising sectors and companies at a reasonable price. IPO investing also gives quick profit with limited risk in many cases for short-term investors.
Finvasia offers the demat account but it doesn't offer online IPO applications.
Note: Do not get confused with the statement on its website which says 'You can invest in IPO online, with the same convenience to invest in equities hassle free and zero paperwork.' This statement doesn't mean they provide facility to apply in IPO's online like other brokers.
Finvasia clients can apply in IPO's using net banking offered by the bank. 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 via bank account is simple.
Note that this process has nothing to do with Finvaisa except you are using your Finvasia demat account information. The IPO allocated shares are deposited directly to you Finvasia Demat Account. You could sell them through their trading account post listing of IPO shares.
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 Finvasia Demat Account. They are available for sell on the listing day.
The IPO application money remains locked in your bank accounts and get released once the allotment is done.
No, Finvasia doesn't offer online IPO. You could use your Finvasia demat account and apply through bank account.
Most banks net banking facility offers tools to apply in IPO's online. You can provide the Finvasia demat account and apply in IPO using the steps shared above.
You could sell the allocated IPO stocks (Mainline or SME IPO) in the same way you sell any other company's shares at Finvasia. You can sell the IPO shares only after the listing date. The listing date is announced by the exchange after IPO allotment is done.
Clients who has a demat account can participate in an IPO. On the time of applying in IPO, if you mention the demat account information of your Finvasia demat account, the allocated shares are created into your demat account.
Finvasia doesn't offer the facility to apply in IPO
No, Finvasia doesn't offer online IPO.
No, Finvasia doesn't offer IPO's to NRI's.
Yes, Finvasia analyze and offer detail research report document about IPO's to its Clients.
Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Information on this page was last updated on Thursday, November 23, 2023
Zerodha (Flat Rs 20 Per Trade)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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