Kotak Securities IPO Review (Apply Steps, UPI and Allotment Status)

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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.

IPO Application through Kotak Securities

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.

Ways to apply in IPO with Kotak Securities

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.

Steps to applying in IPO with Kotak Securities (Online IPO Application Process)

• Complete guide to apply in an IPO through Kotak Bank

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:

1. Visit Kotak Securities website and click on LOGIN TO TRADE box.
2. Login to your trading account
3. Click on Place Order >> Primary Market >> IPO
4. Select ASBA, IPO, Category and click on Accept button.
5. Fill in the quantity and price and click on Place Order button.
6. On client detail page, fill your age in years and click Submit button.
7. Ensure sufficient funds in you Kotak Mahindra saving bank account. If not transfer the fund and click Submit button.
8. Check the confirmation 'Your bid has been received for processing by Kotaksecurities.com. Your Kotaksecurities.com internal reference number is XYZ.'

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.

How to apply in IPO through ASBA from Kotak Bank net banking

It's very simple to apply in IPO through ASBA / Net Banking through Kotak Bank. Below are few easy steps to follow:

1. First login into Kotak Bank Net Banking with username & password
2. After login go to More--> ASBA section from Navigation Menu
3. It will display list of options and you can select one of those as per your requiremnet
4. If you haven't register yet, first you need to register with them which is one time process. You can anytime modify/update your detail by clicking on 'View/Edit Beneficiary registration'
5. Once the registration process done, you have to click on Apply Now, where you will be able to see the list of all current active IPO's
6. Select the name of IPO from the list and beneficiary name for registered applicants. After that select the Retail Individual Investors category.
7. Then enter your bid detail and submit the form by clicking on check box saying I accept terms and condition.

Once you submit the online IPO form, Kotak Sec will complete remaining formalities related to submission of your IPO form.

Kotak Securities IPO Demo

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IPO Fund Transfer - Step by Step Guide

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:

1. Visit Kotak Securities website and click on LOGIN TO TRADE box.
2. Login to your trading account by entering login id, password and security key.
3. Click on Funds >> Money Transfer >> Transfer Funds
4. This is where you can transfer money between your bank account and Kotak Sec trading account.
5. Select From: Bank and To: Mutual Fund / IPO and then click on Submit.
6. Select Bank Type >> Select Payment Type as Mutual Fund / IPO >> Enter Amount and Click on Go
7. Confirm the transaction and click on Submit. If you have a trinity 3-in-1 account, your funds will be transferred immediately or else, you will be lead to your linked Bank account's Payment Gateway page to complete the transaction.

Modify / Cancel IPO Application with Kotak Sec

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:

1. Visit Kotak Securities website and click on LOGIN TO TRADE box.
2. Login to your trading account by entering login id, password and security key.
3. Go to Reports >> IPO >> Order Status
4. This show the list of orders and there status.
5. Select checkbox in front of the IPO you would like to modify or cancel.
6. Click Modify Order or Cancel Order button

Check IPO Application Order Status with Kotak Sec

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:

1. Visit Kotak Securities website and click on LOGIN TO TRADE box.
2. Login to your trading account by entering login id, password and security key.
3. Go to Reports >> IPO >> Order Status
4. This show the list of orders and there status.

Kotak Securities IPO Allotment Status

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:

1. Visit Kotak Securities website and click on LOGIN TO TRADE box.
2. Login to your trading account by entering login id, password and security key.
3. Go to Reports >> IPO >> Order Status
4. Check the status of your IPO application.

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.

Applying in SME IPO's with Kotak Securities

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.

Kotak Securities IPO Charges

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.

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Information on this page was last updated on Monday, September 27, 2021