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ICICIDirect IPO Review

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ICICI Direct, an ICICI Securities Ltd investment portal offers IPO's as a key product offering. With ICICIDirect.com, customers can apply in Initial Public Offers (IPO) and (Follow-on public offers) FPO at BSE & NSE.

Online IPO Application of ICICI Bank is the easiest, fastest and most convenient way to apply for IPO shares.

How to apply for IPO in ICICIDirect?

Below are few easy steps to apply in an IPO with ICICI:

  1. Login to ICICIdirect.com
  2. Go to 'Trade & Invest' >> 'IPO'. This will show the list of IPO's available.
  3. Click 'Go' (in the last column) of the IPO you would like to apply for.
  4. Fill the quantity and price and click 'Submit'.
  5. Confirm the application by accepting the terms & conditions. Click 'Confirm'.
  6. Allocate the required fund and click 'Submit'.
  7. Check the order book for application no. and status.

Once you submit the online IPO form, ICICIdirect.com will complete the all the formalities related to submission of your IPO form, using the Power of Attorney issued by you at the time of account opening.

ICICI Direct IPO Demo (5 Steps to Apply in IPO)

Apply IPO with ICICI Direct in 5 easy step. Follow the screenshots below:

Applying in SME IPO's with ICICIDirect

As of Sept 2016, ICICI Bank doesn't offer online applications for SME IPO's (IPO's at BSE SME and NSE Emerge exchange).

ICICI Customer has to apply in SME IPO's by filling the paper IPO application forms.

Checking IPO application status with ICICI Direct

Follow the below simple steps to check the status of you IPO application through ICICI:

  1. Login to ICICIdirect.com
  2. Go to: Trade & Invest >> IPO >> History >> Order Book
  3. Enter the form date, to data and status (say Executed). Click 'View' button.
  4. Find the application status, number of shares allocated and other related info.
  5. Click on 'transaction id' of an IPO to see the application detail.

ICICI Direct IPO Charges

ICICI Bank Online IPO Application is free for all its customers having 3-in-1 account. Customer do not pay any fee, charges or taxes to apply for IPO shares.

Note: Customer has to pay brokerage and taxes when they sell the shares allocated to them through IPO. The changes are same as you sell any shares bought directly from the stock market.

ICICIDirect is most expensive stock broker in India and there brokerage are highest in the industry. Discount stock brokers like ProStocks charges 60 to 90% less brokerage charge but they do not offer IPO as a product.

ICICI Direct IPO Allotment Status

On allotment, the IPO shares are directly credited to your demat account and available for you to sell them on date of list at the respective exchanges.

You can check the IPO Allotment Status on ICICI direct website. Please follow the steps below:

  1. Go to http://www.ICICIdirect.com
  2. Trade & Invest >> IPO >> History >> Order Book
  3. Enter the form date, to data and status (say Executed). Click 'View' button.
  4. Find the IPO Allotment Status

Note: The IPO allotment status on ICICIDirect website is updated only after the shares are transferred to your demat account (usually a day before IPO shares listing). If you would like to check the allotment status earlier, please visit IPO registrar's website.

Frequently Asked Questions

  1. 1. Is there a specific time of day when I can apply for IPO online using ICICIDirect?

    While an IPO is open for bidding, you can place the order for IPO share anytime (24x7) by visiting ICICIDirect website.

    Discuss this question

  2. 2. Can I place IPO order through ICICI Direct Call & Trade?

    Yes, ICICI Direct customer can place orders to buy & sell shares, apply in IPO, buy mutual funds, trade in Equity F&O over the phone using ICICI Bank Call & Trade service. This service is offered free of charge to all its customers for up to 20 calls in a month. After that customer has to pay Rs 25 per call as Call & Trade fee.

    Discuss this question

  3. 3. Can I withdraw the IPO Application applied online through ICICI Direct?

    Yes, you can withdraw an IPO Application while the IPO is still open (bidding is in progress). Simply Follow login to ICICI direct website, visit the IPO Order book for placing a withdrawal request.

    After successful processing of your withdrawal request, the money will be unblocked in your bank account.

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  4. 4. When will the money credited back into account in case if don't get allotment?

    At ICICIdirect.com, IPO application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.

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  5. 5. How long does it take for allotment process to get over in ICICI?

    Post IPO is closed the allotment process gets completed within next 5 working days and on the 6th working day the shares are listed on the exchange.

    Discuss this question

  6. 6. How many IPO application can I submit from a single ICICI Bank account?

    Only 1 IPO application allowed per saving bank account with ICICI Bank.

    Discuss this question

Information about ICICIDirect Initial Public Offer, ICICIDirect IPO, ICICIDirect Allotment Status, ICICIDirect Applciation Status, ICICIDirect ASBA, ICICIDirect Apply IPO andICICIDirect Demat.

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Information on this page was last updated on Tuesday, October 1, 2019


Dinesh R
5. Dinesh R  Mar 22, 2017 07:13 Reply
Very good detail.

It helped me applying in dmart ipo.

One question I have is, where to check the allotment for the ipo on icici direct website?
5.1. Kaushik  Mar 29, 2017 16:35
Check the order boob of IPO. Click on your IPO order number and details will be displayed. There you will see allotment details.
5.2. Jay  May 7, 2018 23:52
Boob!?!? Hahaha...
Braj Kumar Sharma
4. Braj Kumar Sharma  Feb 22, 2018 22:40 Reply
Please share information only ipo
3. vip  Sep 30, 2017 16:05 Reply
i have account in icici direct, I have applied for SBI ipo throught Bank of Baroda internet banking and i got allocated and amount got debited but order book of icici direct doesn''t shows any allocated shares.

what should i do ?
2. Raj  Jun 21, 2017 23:53 Reply
When I apply for a IPO in Icici direct , after completion of all.steps it always shows as offline order , what it means .when it ''ll.become online order.
Some one please clarify.
1. Sahil  Apr 11, 2017 02:50 Reply
I have applied for SME IPO [Octaware Technologies Limited] and share are allotted in the IPO order book but it is not shown in Demat Allocation window. Why so?

What should I do to have this reflected in the allotted list of share.
6.1. Vikram  Apr 23, 2017 21:39
Which broker did you apply through?

Enquire ICICIDirect Trading Account:

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