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

3.45% 79,835 Clients

SAMCO is an online stock broker. The Mumbai based broker is famous for its flat-rate trading plans. They charge fixed Rs 20 per trade irrespective of the trading segment or order size. For the simple flat rate of Rs 20, you could trade in Equity (Delivery, Intraday, F&O), Currency (F&O) and Commodity (F&O).

In addition to trading, SAMCO also offers depository services (demat account), margin funding for delivery and margin against shares.

SAMCO offers all trading software including a trading terminal, mobile trading app, and website based trading for free to all of the customers.

IPO or Initial Public offers in India are the first sell of shares to the public. Many companies use IPO to raise funds and get listed at the exchange. IPO's offers great opportunities for investors to buy newly listed companies at a reasonable price. Many retail investors also apply in IPO's for listing gain or for selling their applications in the grey market.

How to apply in IPO with SMACO?

SAMCO offer the demat account but it doesn't offer online IPO applications. SAMCO customer can apply in IPO's through their online bank account (net banking). Most banks including ICICI Bank, HDFC Bank, SBI Banks, Axis Bank, Kotak Mahindra etc. provide an option to invest in IPO's through their banking portal. The process of applying IPO's via bank account is simple.

Steps to apply in IPO through net banking:

Log in to your online banking account or Net Banking
Visit the section of Online Investments.
Visit 'Invest in IPO' section
Choose your bank account from which you would like to invest in IPO.
Confirm your customer detail for the IPO application.
Select the IPO
Provide information about your demat account with SAMCO and submit the form.

Depository = CDSL
DP ID = 12054200
DP Account = 12345678
DP Name = SAMCO

That's it. You are done. You will get a confirmation email once you IPO application is submitted to the exchange.

SAMCO Special Offer

Free Account Opening + 100% Brokerage Refund for 1st Month + 0 AMC 1st Year

Free Account Opening
100% free brokerage for 1st month
Free Demat AMC for 1st Year
Pay flat Rs 20 for Equity Delivery, Intra-day and F&O Trades.

It is a limited-time offer. Open Instant Account online and start trading the same day.

Frequently Asked Questions

1. Does SAMCO offer an Online IPO Application?

No, SAMCO doesn't offer Online IPOs through the trading portal. The customer has to apply IPO's through the bank where they have an account.

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2. How do I apply in IPO using my SAMCO Demat account?

Most banks net banking facility provides tools to apply in IPO's online. This is a paperless process which takes less than 5 minutes. Simply log in to your net banking, provide your SAMCO demat account info, select IPO and complete the IPO application.

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3. Can I sell the IPO Shares through SAMCO Trading Account?

The allotted shares in IPO are directly credited to your SAMCO Demat Account. You could sell them through your SAMCO Trading Account on the day of listing or anytime after that.

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