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.
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:
That's it. You are done. You will get a confirmation email once you IPO application is submitted to the exchange.
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.
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.
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.
Information about SAMCO Initial Public Offer, SAMCO IPO, SAMCO Allotment Status, SAMCO Applciation Status, SAMCO ASBA, SAMCO Apply IPO andSAMCO Demat.
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