Incorporated in 1995, Kotak Securities Limited is Mumbai based retail stock broker. Kotak Sec is part of Kotak Mahindra group, one of the largest financial companies in India offering verity of services including banking, broking, insurance, investments, loans etc.
Kotak securities is the retail brokerage and investment vehicle of Kotak Mahindra Bank, a leading private sector bank in India.
Beside the stock broking services, Kotak also offer add-on services like IPO, Mutual Funds, NCD's, Tax Free Bonds, Margin Funding, and Portfolio Management Service.
Kotak Securities offer Online IPO Application to customers who hold Trinity account, the 3-in-1 account with Kotak or trade online through Kotak. Most IPO's at BSE and NSE exchanges are available online to Kotak Sec customers.
Kotak offer only 1 way to apply in an IPO. Kotak customers who has Trinity account can apply IPO's online by visiting Kotak Securities website.
Option to call customer service to apply in an IPO or visiting Kotak Mahindra Bank branch is not available.
Kotak Sec offers simple, easy and quick way to apply IPO's online. Kotak customer can apply in IPO's using single click online ASBA IPO application. Below are few easy steps to apply IPO with Kotak Securities:
Once you submit the online IPO form, Kotak Sec will complete remaining formalities related to submission of your IPO form using the Power of Attorney issued by you at the time of account opening.
It's very simple to apply in IPO through ASBA / Net Banking through Kotak Bank. Below are few easy steps to follow:
Once you submit the online IPO form, Kotak Sec will complete remaining formalities related to submission of your IPO form.
To apply in IPO though ASBA, Kotak customer has required fund allocated to IPO. Following are the steps for transferring fund for IPO or allocating funds for IPO:
IPO shares bid once placed can be modified or cancelled till the cut-off time for placement of bids on Kotak Securities on the last day of the issue. Follow below steps to modify or cancel IPO application:
Kotak Sec customers can call the customer service to check the IPO application status. Customer can also follow the below easy steps to check the status of IPO application online:
Share allocated to customer though IPO process are credited to customers Kotak Demat Account. The shares and made available to sell them on the IPO listing date.
Allotment status of IPO can be checked on Kotak Sec website using following steps:
You could also check you demat allocation to find out the allocated IPO shares.
Note: The IPO allotment status on Kotak Securities website is updated only after the shares are transferred to your HDFC Demat Account (usually a day before the listing day). If you would like to check the allotment status earlier, please visit IPO registrar website.
Kotak Securities online IPO allows customer to apply for public issues (both book building and fixed price online) at BSE and NSE.
As of Sept 2016, Kotak Securities doesn't offer online applications for SME IPOs. Kotak customers cannot apply online for IPOs offered at BSE SME and NSE Emerge exchanges.
Kotak Securities customer can apply for SME IPO shares by filling the paper application forms.
IPO Application though Kotak Sec is free for all its customers having Trinity account (3-in-1 account) with Kotak. Customer are not changed any fees, charges or taxes to apply for IPO shares online though Kotak Securities website.
Once the shares are allocated to the customer, selling though shares though Kotak Securities cost brokerage, taxes and fees. The fee is similar to the fee customer pay when he buy or sell equity share through the broker.
Note that Kotak Security, a traditional stock broker is among the costly stock broker in India. There brokerage charges are very high. Flat fee brokers like ProStocks offers 60% to 90% less brokerage. ProStocks is specialized in low cost brokerage services but do not offer IPO as an add-on product.
The online IPO on Kotak Securities website is available only to its customer holding Trinity account or 3-in-1 account.
Kotak Security customer can apply in available online IPOs at any time between IPO open and close date. The online IPO application can be filled and submitted anytime of the day (24x7).
Yes, you can cancel or withdrew the IPO application filled online on kotak Sec website. The cancellation can be done only while the IPO is open (bidding is in progress).
After successful processing of your withdrawal request, the money will be unblocked in your bank account.
Up to 5 IPO application are allowed per Kotak Mahindra Bank account.
Information about Kotak Securities Initial Public Offer, Kotak Securities IPO, Kotak Securities Allotment Status, Kotak Securities Applciation Status, Kotak Securities ASBA, Kotak Securities Apply IPO andKotak Securities Demat.
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