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

-99.15% 2,064 Clients

Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Karvy Stock Broking is among the popular traditional stock broker offering online and offline trading services through a wide network of branch offices across India.

Karvy Stock Broking Ltd (Karvy) is part of Karvy Group, a Hyderabad based well known financial service provider. With over 900 offices, presence in over 400 cities and over 16000 employees (as of Dec 2016), Karvy Group is one of the largest business group offering financial products & services to retail customers in India.

Services offered by Karvy includes Trading & Investment in Equity, F&O, Mutual Funds, Currencies, Commodities, SIP, IPO, Corporate FD, Bonds/NCDs and Tax Free Bonds.

Online Initial Public Offer (IPO) is among the popular add-on services provided by Karvy for free to change to its customers.

IPO Application through Karvy

Karvy Stock Broking offers IPO Application to all its customers. Karvy offers two ways through which customers can apply in IPO's at BSE and NSE.

  1. Online IPO Application (no paperwork)
  2. Submitting Physical IPO Forms at any Karvy branch

Loan for applying in IPO

Karvy is among the very few brokers who offer loan to apply in IPO's to retail customer and HNI's. Customer has to provide only small margin money to apply in IPO with this facility.

Karvy charge interest on the loaned amount.

Karvy IPO Fees

The IPO application is offered as free add-on service by Karvy. Customers do not pay any fee, charges or taxes to apply for IPO shares.

Note: Customer still has to pay brokerage and taxes when they sell the IPO allocated shares through trading account at Karvy. The standard 'equity brokerage' and taxes are to be paid.

Frequently Asked Questions

  1. 1. Who can apply in IPO Online with Karvy?

    Any Karvy customer can apply in IPO's through Karvy. This service is available free of charge to all its customers.


  2. 2. Can I cancel my IPO Application placed with Karvy?

    Yes, In both cases (IPO applied online or in branch), the customer can modify or cancel the IPO application while the IPO is still open for subscription.


Karvy Competitors Review

Information on this page was last updated on Saturday, June 6, 2020


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