• Tradejini Review
• Brokerage
• FAQs
• Mobile App
• Exposure
• Account Opening
• Demat
• IPO
• Branches
• Trading Software

Tradejini IPO

Tradejini Financial Services Pvt Ltd is a Bangalore based discount broker. Tradejini is providing a range of financial services including trading, mutual funds etc.

Tradejini has a simple flat rate trading plan. This plan charges a brokerage rate of Rs 20 per executed or 0.01% whichever is lower. The brokerage is applicable across the segments at BSE, NSE, and MCX.

Initial Public Offer (IPO)

IPO is a process through a private company becomes a public company. The IPO process helps a company in the following ways-

1. Raise capital by selling its shares
2. Get listed on the stock exchange and provide its shares a secondary market
3. Allows promoters to sell their stake

After the IPO is complete, a private company becomes a public company. It has general public and institutions as its shareholders.

3 categories of investors take part in the IPO process. Qualified Institutional Buyers (QIBs), Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs). Each category has reserved allocation. QIBs have 50%, RIIs have 35% and NIIs have 15%.

Each IPO has a bidding period wherein investors can apply for the shares. investors need to apply in lots. After the completion of the IPO bidding, the company decides on the allotment of shares. In case of oversubscription, not every applicant gets the shares. In such a scenario, a lottery is used to identify eligible applicants. At least 1 lot is allotted to every eligible applicant.

After the allotment, the issuing company is listed on the exchange. The allotted shares become eligible for trading from this day.

Tradejini Customers - Apply in an IPO

Tradejini doesn't offer Online IPO Application to its customers. But, Tradejini customers can apply in an IPO using their bank's 'Net Banking' facility offered by the banks. Most banks offer online IPO application via ASBA netbanking facility.

You need access to net banking and your Tradejini Demat Account details at the time of applying for an IPO.

On allotment, the shares will be credited to your Tradejini Demat Account. The shares will be eligible for selling once the company is listed on the exchange.

Easy Steps to Apply in an IPO

Here are the steps Tradejini customers need to follow to apply in an IPO -

1. Visit the website of your bank
2. Log in to your netbanking account.
3. Visit 'Invest in IPO' section of the website.
4. Register yourself as an applicant
5. Select the IPO you would like to apply from the list of active IPOs available
6. Choose the account from which you would like to invest in IPO.
7. Enter the number of lots and price
8. Confirm the details and submit the application.

On successful submission of the IPO application, you will receive a confirmation message.

Please note that in the net banking IPO process, the application money is only blocked. It is not debited from your account. The money is only debited when you are allotted shares. Your money earns interest for the period it is in the block status.

FAQ's

Information about Tradejini Initial Public Offer, Tradejini IPO, Tradejini Allotment Status, Tradejini Applciation Status, Tradejini ASBA, Tradejini Apply IPO andTradejini Demat.

Read more about Tradejini

• Tradejini Review - A Detail Analysis of Tradejini
• Tradejini Brokerage Charges, Fees, AMC, Transaction Charges
• Tradejini Financial Services Pvt Ltd FAQs
• Tradejini Demat Account Review
• Tradejini Mobile App
• Tradejini Account Opening Process Review
• Tradejini Branch Offices / Sub Brokers / Franchise
• Apply in IPO through Tradejini
• Tradejini Exposure
• Tradejini Trading Software Review

• Contact Tradejini for trading & demat account.

No comments found. Be the first to post a comment.