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iTradeOnline IPO Review (Apply Steps, UPI and Allotment Status)

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iTradeOnline is an online trading arm of Trustline Securities. Trustline Sec is a full-service brokerage house offering a range of financial services since 1989.

iTradeOnline offer discount brokerage services to customers who can do the trading and investments by themselves with little or no assistance from the broker. The no-frills trading services offered by iTradeOnline are available at a very low brokerage charge.

iTradeOnline charge brokerage of flat Rs 20 per trade or 0.01% whichever is low. This simple brokerage plan is applicable for all available segments at BSE, NSE, and MCX. In this plan, the maximum brokerage you pay is Rs 20 per trade irrespective of the size of the trade. This is over 60% cheaper from other full-service brokers who charge brokerage in % of turnover value.

iTradeOnline offers Omnesys trading platform for FREE of charge to all its customers. The trading platform includes Trading Terminal, Website and Mobile Trading App. Omnesys is Industry leading trading platform used by most of the brokers in India.

About IPO

Initial Public Offer (IPO) is among a popular way for companies to raise fund from investors and get listed at the stock exchanges. Investors can buy the shares of a privately held company through IPO's. Investors use IPO for both long-term and short team investment. Many retail investors sell the IPO allocated shares soon after the listing of the company in the stock exchanges for listing gains. Others hold it for the long term.

Apply in IPO through iTradeOnline

Like almost all other discount brokers, iTradeOnline doesn't offer online IPO applications.

As customers have the Demat account with iTradeOnline, they can apply in IPO's using net banking offered by the bank where the customer has an account. 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 is simple.

The process of applying in IPO through a bank is totally independent of iTradeOnline. But you need iTradeOnline Demat Account information to apply for IPO shares. Once allocated, these shares are automatically transferred to your demat account. You could sell these shares online through iTradeOnline as soon as they are available in your demat account (on listing day of IPO shares).

Steps to apply in IPO's

  1. Visit the website of the bank where you have an account.
  2. Log in to your net banking account.
  3. Visit 'Online Investments -> Invest in IPO' section of the website.
  4. Choose your bank account from which you would like to invest in IPO.
  5. Confirm your customer detail for the IPO application.
  6. Select the IPO you would like to apply for.
  7. Provide your demat account information as below
    • Depository = CDSL
    • DP ID = 12024200
    • DP Account = [Your Demat Account Number]
    • DP Name = Trustline Securities Limited
  8. Confirm the information and submit the application.

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 Demat Account. They are available for sell on the day of listing.

Note that the IPO application money remains locked in your bank accounts and get released once the allotment is done.

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Frequently Asked Questions

  1. 1. Can I buy IPO shares online with iTradeOnline?

    No, iTradeOnline doesn't offer online IPO. You could use your iTradeOnline demat account and apply through net banking of your bank account. Follow the steps provided above or contact your bank.


  2. 2. How do I apply in IPO using my iTradeOnline Demat account?

    Most banks net banking facility offers the facility to apply in IPO's online. You can provide the demat account detail and apply in IPO. The process is 100% paperless, convenient and simple.


  3. 3. How do I sell IPO shares with iTradeOnline?

    You could sell the allocated IPO stocks (Mainline IPO or SME IPO) in the same way you sell any other company's shares through iTradeOnline. You can sell the IPO shares only on the listing date onwards. The listing date is announced by the exchange.


  4. 4. Who can apply in IPO's with iTradeOnline?

    Clients who have a demat account can participate in an IPO. At the time of applying in IPO, if you mention the demat account information of your iTradeOnline demat account, the allocated shares are created into your demat account automatically.


  5. 5. How much fee do I have to pay to apply IPO online with iTradeOnline?

    iTradeOnline or banks doesn't charge anything for applying in IPO. Banks get a commission from the issuer company.


  6. 6. Can I apply in IPO's using iTrade Mobile App?

    No, iTradeOnline doesn't offer online IPO.


  7. 7. Does iTradeOnline offer online IPO to its NRI customers?

    No, they don't offer IPO's to NRI's.


  8. 8. Does iTradeOnline offer upcoming IPO research?

    Yes, iTradeOnline analyzes 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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