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


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

IPO or Initial Public Offering is a key offering by RMoney. IPOs allow customers to buy shares of newly listed companies in a very early stage. RMoney makes it easier for its customers to apply for an IPO by offering them IPO research and ratings.

How to Apply for an IPO through Raghunandan Money?

RMoney facilitates its customers to apply in IPOs in three different ways:

  • Online IPO Application
  • Offline (filling physical form)
  • 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 applications in a few simple steps. It is a simple, safe, convenient, and quick process to apply for IPOs. Applying for an IPO via RMoney online is a completely paperless process.

Here are the steps you can follow to apply for an IPO online via RMoney:

  • Login to RMoney's Online Trading Platform
  • Go to the IPO section. Select the IPO you want to invest in and place an order for IPO shares
  • Once you have selected the number of shares to apply for and the price at which you wish to apply, submit your application
  • The required funds will be deducted from your trading account balance

IPO Application Through Website

You can apply for the IPO simply by visiting Raghunandan Money's website. Follow the steps mentioned below:

  1. Visit RMoney's official website rmoneyindia.com
  2. On the homepage you will get a tab saying "Apply for an IPO". Click on the tab and you will be redirected to a new window
  3. On the following page you'll get a list of IPOs. Choose the IPO you want to to apply for and click on "Apply IPO" of the right hand side
  4. Follow the steps and enter the required information. Fill in the IPO details and submit
  5. Approve the payment request received on your UPI id through your UPI payment app and your IPO application will be submitted

IPO Application Through RMoney Quick

You can also easily apply for an IPO through Raghunandan Money's Mobile Trading App RMoney Quick. You can download the app for free from Google PlayStore or Apple Store. To apply for an IPO via RMoney Quick

  1. Login to the app using your credentials
  2. Click of three dots on the left hand and from the drop down menu select Back Office and IPO
  3. Click on IPO on the following screen
  4. You'll get a list of all the Current IPOs. Click on the IPO you wish to apply for and click of "Bid"
  5. Enter the bid details like number of lot, price, UPI Id, and then submit
  6. You will get a payment confirmation request on your UPI ID. Confirm the payment and your application will be submitted

2. Offline IPO Application (Filling Paper Form)

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

Note that you need to have a PAN Card Copy and the cheque required along with the filled application form

3. IPO on Phone

The customer can also call Raghunandan Money office to apply for IPO over the phone. You simply need to contact your nearby office or give a call to the 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 the submission of your IPO form, using the POA issued by you at the time of account opening.

RMoney IPO Charges

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

The brokerage charged while selling the shares allocated through IPO depends on the brokerage plan selected by you.

If you have chosen Rs 9 per trade brokerage plan, the brokerage charged at the time of Equity delivery will be Rs 9.

If you have selected Rs 999 brokerage plan the brokerage charged will be 2.5% per trade subject to Rs 999 per month.

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

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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.

     

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Information on this page was last updated on Monday, December 12, 2022

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.


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