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

Stoxkart offers online IPO application services to all its customers. Stoxkart customers can apply in IPO using UPI (Unified Payment Interface) through the Stoxkart.com website.

Stoxkart offers free IPO applications through UPI. To know more, read UPI for IPO Application (Unified Payments Interface for IPO).

Following are 3 high-level steps for applying in an IPO through Stoxkart:

Create UPI ID on BHIM app (One Time)
Apply in IPO through Stoxkart trading software using your UPI ID
Approve the mandate notification

Note:

Before applying in an IPO using Stoxkart, you first need to create a UPI ID, if you don't already have one. The UPI ID can be created using BHIM App. It can also be created using the mobile banking app of any bank where you hold your account.
Approving the UPI payment mandate sent on your BHIM or banking app is a must for the successful placement of the IPO Bid.
Your IPO investment amount will remain blocked until the IPO allotment is done. The money will be debited if you are allotted IPO shares else the amount will be unblocked.
The allotted shares (if any) will be credited to your Stoxkart Demat Account. The shares can be traded from the listing day.

Stoxkart customers also have the option to use the ASBA net banking facility of their banks to apply in any IPO and get the allotted shares credited in their Stoxkart demat account.

Steps to Apply IPO in Stoxkart

Login to your trading account on the web, desktop or mobile app.
Go to the IPO section.
Select the IPO.
Enter order details like lots, prices etc.
Enter UPI ID.
Review & Submit the IPO application
Accept the UPI Mandate

Note: You will receive the UPI mandate after a few hours on your UPI app (BHIM or net banking App). You need to approve the payment mandate to complete the IPO application process.

Steps to Apply IPO in Stoxkart using ASBA

Log in to your net-banking account (i.e. ICICI, SBI).
Go to the IPO section.
Choose the desired IPO from the list.
Enter IPO bid detail (price, quantity)
Enter Stoxkart demat account information.
Review and submit your order.

Stoxkart IPO Allotment Status

For IPO's applied through Stoxkart, the IPO allotment status can be checked from the website of the registrar of the IPO. Visit the IPO registers website and look for a section called 'IPO Allotment'. Enter your PAN Number and DOB to get the allotment status.

You can also check the IPO allotment status on our website here.

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Frequently Asked Questions

1. Does Stoxkart offer IPOs?

Yes, Stoxkart offers online IPO application services to its customers. You can apply in an IPO online through UPI as a payment gateway using the Stoxkart IPO application website.

If you have an account with Stoxkart, you could also apply for IPO using your net-banking account (ASBA) with your bank. The allocated shares are credited in your Stoxkart demat account.

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2. How to apply in IPO in Stoxkart?
To apply in an IPO with Stoxkart IPO Application, you would need a UPI account in the BHIM app or your net-banking app. Creating a UPI account is a one-time process and doesn't need to be repeated for every IPO application.

Steps to apply in IPO in Stoxkart
1. Login to your Stoxkart account on its website
2. Visit the 'IPO' section which has a list of all active IPOs
3. Click on the IPO you wish to apply
4. Enter your UPI ID
5. Enter bid details like price, lots and investor category, etc.
6. Check the cut-off price box
7. Review the order details and click Submit
8. Approve the Payment request on your UPI app.
9. Check your order status in the 'Order Book' page
Note:
1. UPI mandate is posted on your UPI app within 2 hours of submitting the IPO application.
2. The IPO application process gets completed only after the UPI payment request (mandate) is approved by you.
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3. What are Stoxkart IPO charges?

Stoxkart doesn't charge any fee for its IPO application services. Also, as Stoxkart offers zero brokerage equity delivery trades, the company doesn't charge any commission when you sell allocated IPO shares through Stoxkart.

Note: When selling IPO shares, you will have to pay demat debit transaction charges and taxes as applicable. Stoxkart charges Rs 15 per demat debit transaction charge.

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4. How to check the status of IPO through Stoxkart?

Stoxkart doesn't provide IPO application status on its website. To check the status of your IPO application, you need to visit the website of the registrar of the IPO (i.e. Big Share, Karvy, Link Intime etc).

You can also check the IPO application status here on our website. We provide the IPO status as soon as it is available on the registrar's website.

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5. How to apply in Stoxkart IPO without UPI?
If for some reason you cannot apply in an IPO with UPI then you can use the ASBA net-banking facility to apply in an IPO online. All popular banks like SBI, HDFC, Axis and Kotak Bank etc offer this facility. To know the ASBA process of these banks, click on the link provided below:
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