GCL Securities IPO Review (Apply Steps, UPI and Allotment Status)

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GCL Securities offers an online and paperless IPO application to its customers. GCL Securities customers can instantly apply in an IPO using the UPI gateway in 6 simple steps through their website.

GCL Securities is a Rajasthan-based full-service broker that provides trading and investment services to its customers. Incorporated in 2004, GCL Securities is well-known for its commodity trading. The company also offers to invest across various asset classes like Equity, Derivatives, Currency, Mutual Funds, and Fixed Income. GCL Securities provides an IPO research facility that helps investors to select the right IPO for investment. The company has recently introduced E-IPO application services through the website.

Being a full-service broker, GCL Securities provides tips, recommendations, research, advisory, and dedicated relation manager services. The company has a separate section for IPO wherein it maintains the list of IPOs.

Steps to apply for an IPO through GCL Securities

1. Go to GCL Securities website.
2. Click on the 'Apply E-IPO' tab from the top header.
3. Click on the 'Apply IPO' Online button at the bottom of the screen.
4. Select the required IPO from the list of IPOs.
5. Click on Apply under Issue Detail.
6. GCL E-IPO registered users need to fill in the PAN and Submit it.
7. Check the auto pre-filled details like Name, Client ID, UPI ID, Email ID, Category, and other IPO details.
8. Change the quantity or price within the price range as desired.
9. Click on Submit.
10. You will receive a UPI mandate request for approval to complete the application process.

On submitting the E-IPO application, an application number gets generated. You can track the progress of your application status from the top right-hand corner of the GCL E-IPO portal using this application number.

Features of GCL Securities IPO Application

• The online IPO application optionis available only on the GCL Securities
• To enjoy hassle-free IPO application services, you are required to register one time for GCL E-IPO services.
• Required details for GCL E-IPO registration:
  • UPI ID
  • Name
  • DP Details
  • PAN No.
  • Mobile No.
  • Address
  • Email ID.
• The users not registered for GCL E-IPO are required to fill in the above details each time they apply for an IPO.

You can also apply online or offline using your bank's ASBA facility and GCL Securities Demat account.

Steps to Apply in an IPO using net banking ASBA

• Visit your bank's website and Log in to your net-banking account.
• Register yourself as an IPO applicant by entering your bank and GCL Securities Demat details.
• Visit the IPO section of the website that is generally under the Investments section.
• Select the IPO you would like to apply for from the list of active IPOs.
• Select your account and enter your details on the application page.
• Confirm and apply.

Steps to apply in IPO Offline

• Get the IPO form from GCL Securities Branch office or download 'IPO Application Form' from the NSE website.
• Fill in your details like Name, PAN, DP Name, DP Id, Bank account details, etc.
• Visit the nearest GCL Securities Branch office and submit the IPO Application form.

Get in touch with your Relationship Manager for any help you need on applying for an IPO.

In the ASBA IPO application, the bank blocks the application amount from withdrawal. The bank debits the money from your account on the allotment of shares. If there's no allotment, the bank unblocks the money. The money earns interest in the period.

The company will transfer the shares to your GCL Securities Demat account on a successful allotment.

GCL Securities IPO Charges

GCL Securities offers free online IPO application services to its customers. There are no charges to apply for an IPO through the GCL Broking trading platform.

GCL Securities IPO Allotment Status

GCL Securities does not maintain live IPO allotment status on its website. You can check for the GCL Securities IPO application allotment status from the IPO registrar's website or our website at IPO Allotment Status Page.

You would receive an email and SMS on your registered mail id and mobile number informing you of the allotment status once the allotment process finalizes.

In case of a successful allotment in an IPO, you will receive the allotted shares in your GCL Securities Demat account. The bid amount that was blocked by the bank will also get debited. In case you do not receive shares in the IPO allotment, the bid amount that was blocked by the bank will get released.

Conclusion

GCL Securities offers an easy and convenient online IPO application using UPI as a payment gateway. You can also apply using the ASBA facility. Currently, the online IPO application service is available only on the web. The IPO application process is just a few clicks and hassle-free for registered GCL E-IPO users. GCL also provides IPO assistance facilities to its customers to choose the best IPO for investment.

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Information on this page was last updated on Tuesday, December 22, 2020