Espresso Sharekhan IPO Review (Apply Steps, UPI and Allotment Status)

1. Log in to the Espresso Mobile App.
2. Click on Menu.
3. Click on E-Apply and select the IPO option.
4. Select the IPO you want to invest in from the list of Current IPOs.
5. Fill in the bid details like Demat Account Number, Investor Category, Number of shares, Price, and Quantity.
6. Enter the UPI ID and place the order.
7. Confirm the order.
8. Approve the UPI mandate request to complete the IPO application process.

Espresso Pre Apply IPO

Espresso customers can apply for IPO before the IPO opens for subscription through the Pre Apply IPO feature. This feature also allows Espresso clients to apply for IPO even after the market hours.

Espresso Pre Apply IPO feature is available on both the web and mobile platforms. The process for Pre Apply IPO is the same as the normal IPO application process using UPI. However, the IPO UPI mandate in such cases is received only once the IPO opens for the subscription.

The Pre Apply IPO window starts from the Pre-Apply Date mentioned against the IPO.

Key Features of Espresso IPO application

• Quick and paperless IPO application service.
• Available on mobile and web.
• IPO order reports.
• Pre Apply IPO Feature.
• Cancellation and modification option.
• Maintains a list of Current IPO, Upcoming IPO, New Listings, and IPO Order Report.

Espresso IPO Charges

Espresso IPO application service is free. Espresso doesn't charge any fees from its customers to apply for an IPO.

Espresso IPO Allotment Status

You can check the status of your IPO application under the IPO Order Report tab. Espresso does not maintain the IPO allotment status on its website. To check the allotment status of IPO applied through Espresso, you can visit the IPO Registrar's website or check our website at IPO Allotment Status Page.

If you secure an allotment in an IPO, the equivalent blocked funds get debited from your bank account, and you will receive the credit of allotted shares in your Espresso Demat account. In case you do not receive shares in the IPO allotment, the funds blocked by the bank will get released.

Conclusion

Espresso offers a fully digital IPO application facility to its customers to apply at their convenience through the Espresso website or Espresso mobile App using UPI payment gateway. Espresso also allows its clients to apply for an IPO before its subscription opens or aftermarket hours using the Pre IPO Apply Feature.