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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)

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

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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Frequently Asked Questions

  1. 1. I do not have Trinity Account. Can I still apply IPO online?

    The online IPO on Kotak Securities website is available only to its customer holding Trinity account or 3-in-1 account.

     

     

  2. 2. What time can I apply for IPO online through Kotak Security?

    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).

     

     

  3. 3. Can I cancel the IPO Application applied online through Kotak Securities website?

    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.

     

     

  4. 4. How many IPO application can I submit from a single Kotak Bank account?

    Up to 5 IPO application are allowed per Kotak Mahindra Bank account.

     

     

  5. 5. How to buy an IPO in the Kotak Securities mobile app?

    An IPO is a public offering of a company's stock to the general public.

    The steps to apply for an IPO are:

    1. Open the Kotak Securities website and click on LOGIN TO TRADE.
    2. Log into your account and go to "IPO" under the "Place Order" tab in the "Primary Market" row.
    3. Select ASBA or Non-ASBA and then select the IPO you wish to invest in.
    4. A disclaimer will appear, read through it and click Accept.
    5. Enter the details such as quantity and price and click Place Order.
    6. Now enter your age on the next page and click Submit.
    7. Make sure that your bank account has sufficient funds to apply for the IPO.
    8. Click "Ok" in the pop-up window and your order will be placed.

     

     

  6. 6. How to apply IPO in Kotak Securities?

    Open a trading and Demat account with Kotak Securities if you are a new user.

    Kotak Securities offers you the opportunity to register for upcoming or ongoing IPOs through its platforms.

    1. Log into your Kotak Securities trading account on the platform - desktop or mobile app.
    2. In the Place Orders section, under the Primary Market tab, select IPO.
    3. Select ASBA or Non-ASBA option and accept the disclaimer after reading it carefully.
    4. Enter information like quantity and price in the "Bid at cut-off Price" option.
    5. Click on "Place Order", on the next page enter your age and PAN card number and click on SUBMIT.
    6. Before submitting the order, make sure your account has sufficient funds and click "OK" in the pop-up window.
    7. Your application will then be sent.

     

     

  7. 7. How to sell ipo in Kotak Securities?

    IPO shares in the Demat Account can be traded or sold like any other shares in the Demat Account after the IPO listing.

    To sell IPO shares, follow the steps provided:

    1. Log in to your Kotak Securities account.
    2. On the home page, open the Portfolio tab and then go to the Investments tab.
    3. A short list of all your investments will be displayed here.
    4. Select the stock you want to sell and click "Sell" on the details screen".
    5. Select the stock exchange NSE or BSE.
    6. On the "Invest" tab, enter the number of shares you want to sell."
    7. For the price at which you want to sell the shares, you can select either a Limit Order or a Market Order.
    8. Review the order and Confirm.

     

     

  8. 8. How to cancel ipo in Kotak Securities?

    You can cancel Kotak Securities IPO by following the steps below:

    1. Kotak Securities provides the option to modify or even cancel an IPO filing. For this, you need to log in:
    2. Log in to the Kotak Securities website using your ID and password.
    3. You can find your IPO filings under "Reports"
    4. On the "Reports" tab, select "IPO" and then "Order Status".
    5. From the order list, select the IPO you wish to cancel.
    6. On the IPO details screen, click the "Cancel Order" button and your order will be cancelled.

     

     

  9. 9. How to enable ipo in Kotak Securities?

    IPO application option is available on Kotak Securities trading platforms. So if you have a trading and demat account with Kotak Securities, you can easily apply for an upcoming or ongoing IPO.

     

     

  10. 10. How to add funds in Kotak Securities for IPO?

    For both forms of IPO applications, ASBA or non-ASBA, the investor must have sufficient funds in his bank account that will be used to fund the IPO subscription application. You can visit the bank to deposit money into the bank account or transfer it from another bank account.

    To transfer money online follow these steps:

    1. Visit the Kotak Securities website and click on LOGIN TO TRADE.
    2. Log in to your trading account by entering your login ID, password and security key.
    3. Click on Money > > Money Transfer > > Money Transfer
    4. Here you can transfer money between your bank account and your Kotak Sec trading account.
    5. Select From: Bank and To Mutual Fund / IPO and then click on Send.
    6. Select the bank type > > Select the payment type as Mutual Fund / IPO > > Enter the amount and click Go
    7. Confirm the transaction and click Submit. If you have a Trinity 3-in-1 account, your money will be transferred immediately. Otherwise, you will be redirected to the Payment Gateway page of your linked bank account to complete the transaction.

     

     

  11. 11. How to fill ipo in Kotak Securities?

    If you want to apply for an upcoming IPO or a current IPO, Kotak Securities is the place to go.

    Apply to open a 3-in-1 account with Kotak Securities. This account includes a bank account, a trading account and a demat account. If you already have a bank account, you can easily link it to your trading account when you open the account.

    You can apply for an IPO online through the Kotak Securities website. You can choose between ASBA and Non-ASBA options.

    You choose the number of shares you want to purchase and the acceptance closing prices for the different price levels.

    Also, Kotak Securities allows you to modify or cancel your order while the IPO is in progress.

     

     

  12. 12. How to buy NCD in Kotak Securities?

    Kotak Securities' clients can invest in NCDs (Non-Convertible Debentures) through the ASBA process. NCDs are fixed-income securities listed on major stock exchanges. Investors and traders are open to investing in these securities. NCDs have a medium risk and are considered an excellent alternative to bank and corporate bonds.

    Below are the steps to invest in NCDs at Kotak Securities:

    • Log in to your account on the Kotak Securities website using your ID and password.
    • Go to the "IPO" section" on the home page and click on "Apply for Debentures".
    • On the page to apply for new debentures, select the "ASBA" radio button".
    • After carefully reading and understanding the disclaimer, carefully click "I Accept".
    • You will then be directed to the "Place Order" tab where you will need to provide the required information. Enter the required information.
    • Then enter your date of birth and click on the "Submit" tab.
    • Populate your account for the ASBA process and complete your application by clicking "OK".

     

     

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Information on this page was last updated on Wednesday, January 10, 2024

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1 Comments

1. Samjos   I Like It. |Report Abuse|  Link|October 15, 2022 5:35:50 AMReply
Kotak Securities does not allow application in SME IPO ar all.

Kotak Securities stop accepting application after 12 MD on last in mainboard IPOs. So if you are taking decision to apply ipo after looking at subscription data in last hours, KS does not allow you.
1.1. ValueSeeker   I Like It. |Report Abuse|  Link|September 20, 2023 10:23:58 AM
SME IPO can be applied by using Kotak Bank ASBA through netbanking or app.