SAS Online IPO Review (Apply Steps, UPI and Allotment Status)

SAS Online is Delhi based discount broker. They offer equity and commodity trading at BSE, NSE, and MCX. The company also offers Mutual Funds investment services through BSE Star MF platform.

Along with trading account, SAS Online offer a demat account. The demat account is linked with the trading account for seamless translations.

SAS Online offers both, flat brokerage and unlimited trading plans to its customers. Under the flat brokerage plan, a fee of Rs 9/trade is charged regardless of the trade size. There are 3 unlimited trading plans, for each segment equity, commodity and currency. The monthly brokerage fee for equity and commodity is Rs 999/month whereas it is Rs 499/month for the currency segment. Customers can trade as much as they want under the unlimited trading plans.

Key Facts about SAS Online

• Offers to trade at NSE, BSE, and MCX exchange
• The depositary participant with NSDL
• 20,000+ customer since 2013 (as of Nov 2018)
• Offers economical brokerage plans that promise to cut down trading costs by 90%
• Offer 0% brokerage in monthly unlimited trading plan
• Margin funding is available
• Margin against shares are available
• Advance order types i.e. BO, CO are available with higher leverage
• Offer trading platform ALPHA built by Tradelab.

Initial Public Offer (IPO)

IPO is the process of selling of stocks of a privately held company to the public and it's listing at the exchange for the first time. A company takes the IPO route for many reasons like to raise funds, promote the brand, sell shares of its existing shareholders etc.

Privately held companies usually bring IPO to raise funds to repay their debts, meet corporate expenses or drive their expansion plans. PSU companies bring IPO to dilute Government shareholding by selling the stake to the public.

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 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 of BSE or NSE.

SAS Online Customers - Apply in an IPO

SAS Online doesn't offer online IPO services to its customers. SAS Online customers can still apply in IPO using ASBA through net-banking of their existing bank.

Here are easy steps to apply for IPO through net banking:

1. Visit the website of the bank where you have an account.
2. Log in to your net-banking account.
3. Visit 'Online Investments -> Invest in IPO' section of the website.
4. Choose your bank account from which you would like to invest in IPO.
5. Confirm your customer detail for the IPO application.
6. Select the IPO you would like to apply for.
7. Provide your demat account information as below
   • Depository = NSDL
   • DP ID = IN306122
   • DP Account = [Your Demat Account Number]
   • DP Name = South Asian Stocks Ltd
8. Confirm the information and submit the application.

Note: The application money is not directly debited from the account but is blocked in your account till the allotment is done. You won't be able to withdraw this money but it will earn interest. The blocked money will only get debited from your account if shares are allocated to you. In case, you are not allotted shares, the money will be released after the allotment process.

Frequently Asked Questions

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Information on this page was last updated on Wednesday, March 22, 2023