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.
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.
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.
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.
Any Karvy customer can apply in IPO's through Karvy. This service is available free of charge to all its customers.
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.
Information about Karvy Initial Public Offer, Karvy IPO, Karvy Allotment Status, Karvy Applciation Status, Karvy ASBA, Karvy Apply IPO andKarvy Demat.
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