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Master Trust IPO Review (Apply Steps, UPI and Allotment Status)

12.27% 54,612 Clients

Master Trust is a full-service brokerage firm catering to the diverse investment needs of the customers. It offers trading services in a wide range of asset classes including equity, derivatives, commodity, currency, IPO and mutual fund. As on 17 Jan 2020, Master Trust has 39,002 clients across India. The company offers Master Swift 2.0 trading terminal, Master Mobile app and MasterMart browser-based application for the customers. The broker also offers commodity trading and forex trading platforms.

A 2-in-1 account consisting of a Demat and trading account is a key offering of Master Trust.

It has a research team of experts to provide research-based information and investment advisory services.

Key facts About Master Trust

  • A full-service broker since 1985
  • Offers trading across equity, derivative, commodity and currency segments
  • Offers both flat brokerage and percentage-based trading plans
  • Allows 2-in-1 account opening including Demat and trading account
  • Offers Master Trust trading terminal, web application and mobile app

Initial Public Offer (IPO)

Initial Public Offer is a way through which a company gets listed on the stock exchanges for the first time. The company invites investors to bid for IPO shares through public notice. After getting listed on the stock exchange, the shares of the company are traded in the stock market.

For IPO application, investors are majorly categorised into three categories including Retail Individual Investors (RIIS), Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs).

You cannot buy IPO shares from the secondary market. You need a bank account and a Demat account to invest in an IPO. You will also need a trading account to place sell request for IPO shares.

Online IPO Application Process through ASBA:

Master Trust doesn't offer IPO application services. However, Master Trust customers can apply in an IPO using ASBA facility offered by the banks. Most banks such as ICICI Bank, HDFC Bank, Axis Bank, and other Self Certified Syndicate Banks accept online IPO Applications.

Investing in an IPO through ASBA application is quite easy and quick. You will only need your Demat account details and banking details for applying in an IPO.

Steps to Apply in an IPO through ASBA:

Here are the steps to invest in an IPO through ASBA netbanking:

  • Log in to the online portal of your bank
  • Choose IPO application from the available investment options
  • Fill the online IPO application form with the required information
  • Mention Master Trust Demat Account
  • The money remains blocked for IPO application till the allotment finalization

If you get the IPO allotment, your money is deducted from the bank account and Demat account is credited with shares automatically.

Frequently Asked Questions

  1. 1. Does Master Trust allow online IPO investment?

    No, Master Trust doesn't offer an online IPO investment facility to the customers. Although, you can invest in an IPO through ASBA facility and attach Master Trust Demat account. You can mention the bank account number while applying in an IPO to get an auto deduction of money when you get allotment. You don't require to attach a bank cheque for IPO application.


  2. 2. How do I sell IPO Shares with Master Trust?

    After getting IPO shares allotment in your Master Trust Demat Account, you can sell the shares after listing day. To sell the shares, you have to log in to Master Trust trading platform and place sell request for the shares.


  3. 3. Does Master Trust provide IPO research reports?

    Yes, Master Trust provide research-based services for the customers. You can get all the information regarding an IPO on the Master Trust website.


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Information on this page was last updated on Thursday, April 30, 2020


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