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Motilal Oswal IPO Review


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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.

Apply IPO with Motilal Oswal in 2 Easy Ways

Motilal Oswal customers can apply in IPO in 2 ways:

  1. Apply Online through Website or Mobile App

    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.

  2. Apply in IPO at Motilal Oswal Branches

    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.

Motilal Oswal Online IPO Application Process

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:

  • Place an Order - To place your bid on a particular IPO that is currently on offer.
  • Check Order Status - This page can be used to check the status of IPO's applied in past.
  • Modify Order - Customer can modify the IPO bidding detail using this page.
  • Available Funds -This page display the amount of money that is available to invest in IPO.
  • Money Transfer - This page helps transferring funds to your trading account from bank account.

Motilal Customer can following below steps to apply in an IPO through its website:

  1. Login to Motilal Oswal website.
  2. Go to IPO section of the website.
  3. To apply in an IPO, click on Place an Order
  4. Accept the terms & conditions by clicking I Agree
  5. You will get a list of IPO's that are currently on offer.
  6. Click on Place Order button located in front of the IPO of your interest.
  7. On the IPO bidding page, check:
    • Total Available Funds
    • Beneficiary Account Number (Demat Acct number)
    • IPO Name
  8. Choose Investor Category (Retail or Non-Institutional).
  9. Enter the quantity, price and click on Confirm Order
  10. On Order Confirmation Screen, click on Confirm Order button again.
  11. Allocated fund by click on Fund Hold & Release
  12. On next screen, validate your personal information and click Submit
  13. That's it. You will get an acknowledgement  with an internal reference number.

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 IPO Demo

Applying in SME IPO's with Motilal Oswal

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.

Check IPO Application Status with Motilal Oswal

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:

  1. Login to Motilal Oswal website
  2. Go to IPO section and click Check Order Status
  3. Check the status of your IPO application.

Motilal Oswal IPO Application Fee

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.

Motilal Oswal IPO Allotment Status

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:

  1. Login to Motilal Oswal website
  2. Visit IPO section and click on Check Order Status
  3. Check the status of your IPO application.

You could also check your demat allocation to find out the allocated IPO shares.

Motilal Oswal Special Offer

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (₹400 waived) with ₹25k margin or ₹3k prepaid value pack. Also avail ₹3k woth of discount vouchers, ₹1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Frequently Asked Questions

  1. 1. I do not have online account with Motilal Oswal. Can I still apply in IPO Online?

    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.

    Discuss this question

  2. 2. Can I cancel or withdraw the IPO Application submitted online with Motilal?

    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.

    Discuss this question

Contact Motilal Oswal / Request Call Back

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Information on this page was last updated on Wednesday, May 22, 2019


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