Motilal Oswal Securities Ltd (MOSL) is Mumbai based financial products and service provider. MOSL offers equity, commodities, currency, mutual funds, IPO, depository services, wealth management, portfolio management, and investment banking services.
For over 30 years (since 1983), Motilal Oswal has earned a respect of top share brokers in India. MOSL today (as of Nov 2016) has over strong network of 2200+ branch and sub-broker offices with presence in over 500 cities across India.
Online Initial Public Offers (IPO) is a key offering of Motilal Oswal Securities.
Motilal Oswal customers can apply in IPO in 2 ways:
Motilal Oswal customers have an option to apply for IPO shares online though its trading website or its mobile trading app. Online IPO Application is convenient, easy and quick way of applying in IPO's at BSE and NSE.
To apply in an IPO online, Motilal Customer has to be registered for online IPO product. If you are not registered for online IPO, simply visit a local branch and submit an application form. Once registered, customer can apply for IPO's online on Motilal Oswal website or using mobile trading app in just few clicks.
Motilal customers can also visit any the branch and apply in an IPO. Customer applying offline in the branch has to fill a ASBA application form and provide information like Bank Account Information, PAN Number and Demat account information.
Customer gets an acknowledge slip with a reference number after completing the application. Motilal Oswal takes care of the rest including blocking the money in customer account and sending application to exchange.
Online Investing in IPO's with Motilal Oswal is extremely easy, safe, fast and convenient way to invest in mainline IPO's at BSE and NSE.
Motilal Oswal Online IPO section offers following features:
Motilal Customer can following below steps to apply in an IPO through its website:
Customer can visit the Check Order Status page to view the placed order and its status anytime. Customer can also use Modify Order Status page to modify or cancel the IPO application while IPO bidding is still in progress.
Motilal Oswal offers online IPO application only in mainline IPO's at BSE and NSE. Both fixed price IPO and book building IPO's at BSE and NSE are available online with Motilal Oswal.
Motilal Oswal doesn't offer online applications for SME IPO's (IPO's at BSE SME and NSE Emerge exchange). Customer can apply in SME IPO's by filling the paper IPO application forms.
Motilal Oswal customer can check IPO application status online, visit its branch or call the customer service. To check the IPO Appln status online, follow the below simple steps:
Motilal Oswal trading account holders can apply in IPO's online for free of charge. IPO's are value added services provided free of charge to the customer registered for IPO.
Once IPO shares are allocated to the customer, they are transferred to the demat account. Customer pays brokerage and taxes where they sell these shares though Motilal Oswal trading account.
IPO application is a bidding process in which investors bid for certain number of share at a certain price. Based on the demand (number of times issue subscribed and at the bid price), customer who win the bid receives certain number of shares allocated to them.
The process of finding how many shares are allocated to the customer is called checking IPO Allotment Status.
If customers win the bid for IPO shares, the allocated shares are directly credited in the customer's demat account a day before the listing of the share at the exchanges. The allocated shares are made available to sell of listing day of the IPO shares.
Motilal Oswal customers can check the IPO Allotment Status on its website using following steps:
You could also check your demat allocation to find out the allocated IPO shares.
Only online customers whom IPO product is activated can apply for IPO online. Visit the local branch to activate the Online IPO by submitting an application.
Yes, you can withdrew the IPO Application until the issue closing before 5 PM.
To modify or cancel you application; login to Motilal Oswal website, visit IPO section and click Modify Order Status. Choose the IPO application you would like to cancel and place the request for cancellation.
After successful processing of your withdrawal request, the money will be unblocked in your ASBA bank account within 1 business day.
Customer can also modify / revise the bid online on Motilal Oswal website while the bidding for the IPO share is still in process.
Information about Motilal Oswal Initial Public Offer, Motilal Oswal IPO, Motilal Oswal Allotment Status, Motilal Oswal Applciation Status, Motilal Oswal ASBA, Motilal Oswal Apply IPO andMotilal Oswal Demat.
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