Sharekhan IPO Review


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Sharekhan, India's 3rd most popular stock broker, offer online IPO's to its customers. The process of applying in Initial Public offers with sharekhan is 100% online, extremely simple and quick. Sharekhan customer doesn't have to fill the paper forms or sign them to apply for shares offered through IPO's at BSE and NSE.

Sharekhan IPO application process comprises 3 easy steps:

  1. Choose the IPO.
  2. Specify the quantity of shares to apply.
  3. Provide the price at which you would like to buy the IPO shares.

That's it. Everything else is taken care by the company on your behalf.

Key Features of Sharekhan IPO Online

  • No paper work. 100% online process.
  • Convenient way to transfer money from your linked back account to IPO account.
  • Refund comes to customers IPO account which can easily be transferred back to back account.
  • Online modification or cancellation of IPO application while the IPO is open.
  • Order history page provides detail of all IPO's customers applied in past.

How to apply for IPO in Sharekhan?

Sharekhan customer can follow below east steps to apply for shares in an IPO. After login to Sharekhan trading website go to the IPO Home section and follow the steps.

  • Fund Transfer

    You need to first transfer funds from your personal bank account to your Sharekhan IPO pool account using the payment gateway service.

  • Apply IPO

    Once you successfully transfer the funds, check on Apply IPO. This will list all fixed and book building open IPOs. Select your choice of company and submit your order.

  • Order Book

    Once order is submitted, it can be tracked through order book.

Applying in SME IPO's with Sharekhan

Sharekhan doesn't offer online IPO application for SME IPOs. Sharekhan customer has to apply for BSE SME or NSE Emerge IPO using the paper forms.

Sharekhan IPO Charges

Sharekhan doesn't charge any fee for applying for IPO shares through Sharekhan Online IPO platform.

Customer still have to pay the brokerage when they sell the shares allocated through IPO.

Sharekhan Special Offer

Free Trading & Demat Account (for limited time only)

Get FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Frequently Asked Questions

  1. 1. Can I use my stock trading account funds to invest in IPO with Sharekhan?

    No, you cannot utilize your trading account allocated funds for IPO. But you could transfer fund between trading account and IPO account.

     

  2. 2. Can I modify or cancel the IPO order placed online with Sharekhan?

    Yes, while the bidding is open for the IPO shares, customer can modify or cancel the IPO application placed online.

     

  3. 3. How to apply for IPO in Sharekhan?

    Sharekhan offers an online IPO application using UPI as a payment gateway. Sharekhan customers can apply in any IPO using its website or mobile app. Sharekhan doesn't charge any fee for applying in IPO.

    Note:

    Before you apply in an IPO in Sharekhan, you need a UPI id. Read about the UPI payment option for more detail. UPI ID can be created using the net banking app of your bank or BHIM UPI App. All major banks offer this facility.

    Steps to apply for IPO in Sharekhan

    1. Login to Sharekhan App or Sharekhan Website
    2. Click on the three-line menu next to the overview on the top
    3. Under the equity section, click on IPO
    4. Select the IPO you want to apply from the list and click on it
    5. Enter your quantity, price and UPI ID
    6. Check on terms & conditions box and click Submit
    7. Recheck and Confirm the Order
    8. Accept the UPI Mandate using Net Banking or BHIM app.

    Note:

    • UPI Mandate (approval of transaction) comes after a few hours of submitting the application.
    • You will receive the order confirmation SMS on your mobile. You can also check the status of your order on the order book.

     

Contact Sharekhan / Request Call Back

Get Free Trading + Demat Account (₹1150 waived on account opening) for limited time. Request a Callback.

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Information on this page was last updated on Wednesday, January 29, 2020


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