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India Infoline Securities is a part of IIFL group, a diversified financial services company. The company offers broking and research services to individuals and institutions. It offers trading services in equity, derivatives, currency and commodities across BSE, NSE, MCX and NCDEX. It also offers Mutual Fund services to its customers.

IIFL offers research and expert recommendations to its customers. It has an experienced team of over 30 research experts who publish a range of daily/weekly/monthly reports on market view, IPOs, company stocks and sectors.

India Infoline Limited offers advanced trading platforms and tools to deliver fast and reliable trading experience. Customers can access the platform on desktop, web and mobile app and trade as per their requirements.

Facts about IIFL

  • 23+ years of industry experience, since 1995
  • Part of a diversified financial group with a global footprint
  • 1600+ branches across the country
  • 30+ experts research team
  • Member of SEBI, NSE, BSE, MCX, NCDEX, CDSL and NSDL
  • Access to advanced trading platforms and tools
  • Award-winning company
  • Dedicated Customer Support with multiple servicing channels

What is the Initial Public Offer (IPO)?

IPO is the process by which a privately held company brings its shares to the market for the first time. By way of an IPO, a company invites institutions and the general public to become a shareholder in its company and in return raises funds to meet its various business objectives. A company also gets listed in a stock exchange after completion of IPO.

Any individual can apply in an IPO. There are various categories under which investors can apply in an IPO. The categories are Qualified Institutional Buyers (QIB), Non-institutional investors (NII) and Retail individual investors (RII). There is an allotment reservation or quota for each category with QIB- 50%, NII- 15% and RII-35%. Some companies offer a discount to retail customers to encourage their participation.

IPOs can be categorized into 2 types based on their pricing mechanism- Book Building and Fixed Price. A book building IPO involves investors bidding within a price range predetermined by the company. A fixed price IPO involves bidding on a predetermined fixed price. Investors have to bid in lots with each lot consisting of a minimum number of shares.

All IPOs have a bidding period, range from 3 days to a couple of weeks, during which bids are invited. After the bidding process is over, the company management along with the Lead Manager decides on the basis of allotment and the price (in the case of book building IPO). The shares are allocated as per basis of allotment. In some cases, a lottery system is also used to pick investors for allotment. This generally happens when an issue is oversubscribed many times the number of lots available.

Once the allotment is done and shares transferred, the company gets listed on the exchange and the shares of the company are eligible for trading as any other shares.

How to apply in an IPO through IIFL?

IIFL offers IPO application services to its customers.

India Infoline Limited offers IPO application services as a key product offering. IIFL customers can use the proprietary trading platform of the company as well as its website to apply for an IPO. It is one of the most convenient and the fastest way to apply for an IPO. You can apply for both IPO and FPO (follow-on public offer) with IIFL.

IIFL IPO Charges

There are no charges or fees to apply for an IPO with IIFL. However, you will have to pay standard brokerage fees when you sell the shares allotted through IPO.

Checking IPO application status with IIFL

On allotment, you will get a message/email from the company for credit of shares in your Demat account.

You can check the IPO application status on the IPO registrar or Lead Manager's website.

IIFL Special Offer Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer

Frequently Asked Questions

  1. 1. I have an account with IIFL. Can I apply in IPO?

    Yes, you can apply for an IPO or an FPO using IIFL trading and the Demat account.

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  2. 2. How to apply for an IPO with IIFL?

    You can apply for an IPO with IIFL using its desktop trading terminal as well as by login to its website.

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  3. 3. Who can apply for an IPO with IIFL?

    IIFL customers who have a trading and a demat account with the company can apply for an IPO. In case, you only have a Demat account with the company then also you can apply for IPO using net banking ASBA process of your bank.

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  4. 4. Can I apply for an IPO using IIFL Markets app?

    Yes, IIFL Markets mobile app provides IPO application facility.

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  5. 5. Can I withdraw an IPO application with IIFL?

    Yes, you can withdraw an IPO application within the bidding period. To withdraw an application, go to the order book, select the IPO and withdraw. The blocked money will be released in a day or two.

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  6. 6. Why do I need a Demat account to apply for an IPO with IIFL?

    The IPO shares, if allocated will be credited to your Demat account. Moreover, SEBI regulations mandate QIB and NII investors to only apply with a Demat account.

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  7. 7. Can I sell the shares allocated through IPO with IIFL?

    Yes, you can sell the shares using the IIFL platforms. However, these shares will be eligible for trading from the listing day. You need to follow the same process used for placing any SELL order on the platform.

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Information on this page was last updated on Monday, September 2, 2019


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