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RMoney IPO Review (Apply Steps, UPI and Allotment Status)

26.58% 3,819 Clients

Raghunandan Money (RMoney) is among the fast-growing financial service provider in India. RMoney offers trading and investment products to its customer. RMoney is the member of BSE, NSE, MCX, NCDEX, and CDSL.

Initial Public Offer (IPO) is a key offering by RMoney. IPOs allow the customer to buy shares of newly listed companies in a very early stage. To help its customers, RMoney also offer IPO research, recommendations, and ratings. 

How to apply for an IPO through Raghunandan Money?

Raghunandan Money broker facilitates its customers to apply in IPO's in 3 different ways:

  1. Online IPO Application
  2. Offline (filling physical forms)
  3. IPO application over the phone

All the above options are available to all its customers for free of charge.

  1. Online IPO Application

    RMoney offers online IPO application. This is a simple, safe, convenient and quick way to apply in IPOs. This is a completely paperless process.

    To apply in an IPO through an online application, visit RMoney trading application and place an order for IPO shares. Funds for IPO applications are deducted from your trading account balance.

  2. Offline (Filling paper form)

    A least preferred option but if you are interested in offline IPO application, you could visit the nearest branch of Raghunandan Money a request for the application form.

    Note that a PAN Card Copy and the cheque are required along with the filled application form. 

  3. IPO on Phone

    The customer can also call Raghunandan Money office to apply in IPO over the phone. Simply contact your nearby office or give a call to customer care to apply for IPOs over the phone.

    Once you submit the online IPO form, Raghunandan Money will complete all the formalities related to submission of your IPO form, using the Power of Attorney issued by you at the time of account opening.

Raghunandan Money IPO Charges

IPO Application with Raghunandan Money is free for all its customers having Demat and Trading Account. The customer doesn't pay any fee, charges or taxes to apply for IPO shares.

As the brokerage on equity delivery trades is free with Raghunandan Money, the customer doesn't have to pay any brokerage when selling shares allocated through in an IPO.

The customer still has to pay a small tax along with the demat debit transaction charge.

RMoney Special Offer

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

Frequently Asked Questions

  1. 1. Is there a specific time of day when I can apply for IPO with Raghunandan Money?

    While an IPO is open for bidding, you can place the order for IPO share anytime (24x7) by visiting RMoney Trading Website.


  2. 2. Can I place IPO order through Raghunandan Money Call & Trade?

    Yes, Raghunandan Money customer can place orders to buy and sell shares, apply in IPO, buy mutual funds, trade in Equity F&O over the phone using brokers Call & Trade service. This service is offered free of charge to all its customers.


  3. 3. Can I withdraw the IPO Application applied online with Raghunandan Money?

    Yes, you can withdraw an IPO Application while the IPO is still open (bidding is in progress).


  4. 4. Can I apply in IPO using RMoney Mobile Trading App?

    No, IPO order has to be placed on its trading website.


Contact RMoney / Request Call Back

RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

Information on this page was last updated on Tuesday, October 1, 2019


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