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Nirmal Bang IPO Review


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Nirmal Bang, a full-service stockbroker

Nirmal Bang is a Mumbai based full-service stockbroker. The company has been in the business for over 30 years providing trading and financial services to customers in India. It provides a range of services including stock broking, research advisory and portfolio management. The company also offers Mutual Funds to its customers.

Nirmal Bang provides both, online and offline trading services. Customers who wish to trade online can use its free trading platform available across desktop, mobile and web. Those who are unable to or can't use its online services can visit the branch facility or call & trade as per their convenience.

Key Facts About Nirmal Bang

  • 30+ years of experience providing financial services
  • Strong research advisory services
  • Branches in 16 states across India
  • Mobile, web and desktop trading platforms
  • Depository services from NSDL and CDSL
  • Online and offline account opening process
  • In-depth news and market insights from across the globe

Initial Public Offer (IPO)

IPOs have gained a lot of interest from retail investors in the last decade. Some investors invest in an IPO for long-term gains while some for short-term listing gains.

An Initial Public Offer (IPO) is a process for a privately held company to convert into a public company. It is also the way for a private company to invite shareholders to buy its shares and get listed on the stock exchange.

Every private company intending to go public needs SEBI approval to launch its IPO. After that, a subscription period is announced wherein investors can bid for the IPO shares. A company may opt for a book building IPO wherein the investors' bid for prices or choose a fixed price IPO.

All types of investors- individuals and institutions- can apply for shares in an IPO. The investors are categorized into 3 groups- QIB, NII and RII. Each category has a fixed quota in the allocation of shares.  The quota for RII or retail investors is 35%. Some companies, especially PSUs, offer discount pricing to retail investors.

After the bidding, the shares are allotted to eligible investors. In case an IPO is oversubscribed then a lottery system is used to pick eligible investors. The allotted shares can be traded from the day the company is listed on the exchange.

Mainline companies are listed on NSE and BSE. SMEs are listed on NSE Emerge or BSE SME.

Nirmal Bang Customers- Apply in an IPO

Nirmal Bang doesn't offer IPO application services. It only offers IPO research services under IPO Watch wherein it provides in-depth information, review and recommendation on the upcoming IPOs. The report is prepared by its research desk.

However, Nirmal Bang customers can use their demat account and apply for an IPO using the netbanking facility. This way the allotted shares will be credited to their Nirmal Bang demat account.

Steps to Apply in an IPO using net banking ASBA

  1. Log in to your bank's net-banking account.
  2. Some banks may ask you to register as an IPO applicant.
  3. Visit IPO section of the website. It is generally under the Investments section.
  4. Select the IPO you would like to apply for from the list of active IPOs.
  5. Select your account and enter your bidding details like price, number of lots etc. Make sure you provide your Nirmal Bang demat account details.
  6. Confirm and submit the application.

In the ASBA IPO application, the application amount is only blocked from withdrawal and not immediately. The bank debits the money only when the allotment of shares is done. If there's no allotment, the bank unblocks the money. The money earns interest for the period it is blocked.

The allotted shares will be credited to your Nirmal Bang Demat account.

FAQ's

  1. I have an account with Nirmal Bang. Can I apply in an IPO?

    Nirmal Bang doesn't offer IPO application services. However, you can use the Nirmal Bang demat account and apply for an IPO using ASBA netbanking facility of your bank.

    While applying for IPO share, please ensure to provide the details of your demat account with Nirmal Bang. The steps for applying in an IPO are provided in the section above.

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  2. How do I sell IPO Shares with Nirmal Bang?

    You could sell the allocated IPO stocks (Mainline IPO or SME IPO) in the same way you sell any other shares. You could do that once the shares are credited in your Nirmal Bang Demat Account.

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  3. How much fee do I have to pay to apply IPO online with Nirmal bang?

    You don't have to pay any fee to Nirmal Bang or the banks for applying in IPO.

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  4. Can I apply in IPO's using Nirmal Bang Mobile Trading App?

    No, Beyond Mobile App doesn't offer an online IPO application facility.

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  5. Does Nirmal Bang offer online IPO to its NRI customers?

    No, they don't offer IPOs to NRI's.

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  6. Does Nirmal Bang provide research reports about IPO?

    Yes, Nirmal Bang offers in-depth research reports on IPO's to its Clients.

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Information about Nirmal Bang Initial Public Offer, Nirmal Bang IPO, Nirmal Bang Allotment Status, Nirmal Bang Applciation Status, Nirmal Bang ASBA, Nirmal Bang Apply IPO andNirmal Bang Demat.

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