RK Global IPO Review (Apply Steps, UPI and Allotment Status)


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RK Global, headquartered in Mumbai, is a full-time service broker in India. It was incorporated in 1995 and started offering online brokerage services in 2007. RK Global offers both online and offline trading and investment services. It offers technologically advanced trading platforms for all types of investors in India. The company also offers research and stock recommendation services to its customers.

The broker has a diversified business model covering Equities, Equity Derivatives, Commodities, Currency, Mutual Fund, IPO distribution, and consultancy services. It has a membership with NSE, BSE, MCX, NCDEX, MCX-SX and NSDL. RK Global has a strong presence across 150+ cities and 24+ states in India.

The broker offers Super 999 plan and a flat fee plan. Customer can choose the plan as per their trading needs.

Initial Public Offer (IPO)

IPO is the process of selling shares of a privately held company for the first time to the public and it's listing at the exchange. A company takes the IPO route for various reasons including to raise funds for its business expansions and sell a part of shares of the existing shareholders etc.

Private companies usually bring IPO to raise funds to meet corporate expenses, repay their debts, or drive their business goals. PSU companies bring IPO to disinvest Government shareholding by selling the shares to the public.

Based on the pricing mechanism, there are 2 types of IPOs issued in the market: Book Built and Fixed Price. In a Book Built IPO, investors have to bid price within the price range set by the company whereas in fixed price IPO the price is fixed by the company.

IPOs can also be categorized as Mainline and SME IPOs. The mainline IPOs gets listed on exchanges like BSE and NSE. The SME IPO Shares get listed in the SME exchanges- BSE SME or NSE Emerge.

Apply IPO through RK Global:

RK Global allows customers to bid for IPO through either online or offline mode of investment. The facility is available at all the branches of RK Global. The online payment facility is also available at no extra charges.

All the IPO related news, current and forthcoming issue details are available at the website.

  • Go to the company's website.
  • At the top, click on 'Product & Services' and then on 'IPO' to IPO section.
  • The IPO section lists all current IPOs.
  • Customers can bid for the IPO during issue open duration by clicking on the apply button.
  • When you click on apply, a new form opens with client code, UPI ID and investor status.
  • You have to mention your UPI ID compulsorily for payment.
  • The money remains in the bank account blocked till the allotment of the issue. If you get allotment, your money is deducted from the account. If you didn't get allotment, the money remains in your bank account only.

When you get IPO allotment, your shares are automatically credited in your Demat account. You can place the buy or sell request for such shares once the shares are listed on the exchange. The process to sell IPO shares is same as selling the stocks.

Frequently Asked Questions

  1. 1. How RK Global customers can apply in an IPO?

    RK Global allows investors to apply an IPO either online or offline. Here are the steps to bid for an IPO using RK Global website:

    • Visit the current issue segment on the RK Global website
    • Click on the plus sign available with the IPO name
    • When you click on the Apply button a new form opens
    • Fill the form with client code, name, UPI ID, investor status, quantity and price
    • Submit the form

     

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Information on this page was last updated on Tuesday, June 30, 2015


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