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


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Tradingo offers an online and paperless IPO applicationfacility to its customers. Tradingo customers can instantly apply in an IPO using UPI (Unified Payment Interface) through the Tradingo mobile app.

Tradingo is an Indore-based discount broker that provides low-cost online and offline trading, investment, and research services to its customers. Founded in 2016, Tradingo is powered by Swastika Investmart Ltd - an experienced traditional broker known for its transparent services and trustworthiness. Tradingo launched online IPO application services in Nov 2021. Earlier, Tradingo sent IPO application forms to their customers over mail to apply for an IPO online using UPI ID.


Steps to apply for an IPO through Tradingo

Below are the steps to apply online for an IPO through the Tradingo mobile app.

  • Download the Tradingo app. (Tradingo app for Android smartphones and Swastika Justrade for iOS devices)
  • Go to the IPO section.
  • Select the desired IPO from the list of open IPOs.
  • Enter the bidding details - Bid Quantity and Bid Price or tick on cut-off price.
  • Enter your UPI ID.
  • Click on Apply Now/Submit.
  • Open your UPI app and approve the payment request.

Key Features of Tradingo IPO application

  • IPO application is available on the Tradingo mobile app.
  • Displays IPO schedule dates like allotment finalization, refund initiation, and listing date below each IPO.

If you do not have a UPI ID, you can also apply using your bank's ASBA facility and Tradingo Demat account. It is also a fully online process that can help you apply for an IPO in a few minutes.

Steps to apply in an IPO using net banking ASBA:

  • Login to your Netbanking account.
  • Go to the IPO section of the bank website.
  • Select the IPO you would like to apply for from the list of active IPOs.
  • Select your account and enter Tradingo Demat details.
  • Enter the bidding quantity and price on the application page.
  • Confirm and apply.

In the ASBA process, the bank blocks the application amount. The blocked amount is not available for use but will earn interest till it gets debited. The bank debits the amount from your account only on the allotment of shares. If there's no allotment, the bank unblocks the amount.

The company will transfer the shares to your Tradingo Demat account on the successful allotment in an IPO.


Tradingo IPO Charges

Tradingo offers free online IPO application services to its customers. There are no charges to apply for an IPO using the Tradingo app.


Tradingo IPO Allotment Status

Tradingo does not maintain IPO allotment status on its website. You can check for the Tradingo IPO application allotment status from the IPO registrar's website or check our website for IPO Allotment Status Page.

You will receive an e-mail and SMS on your registered mail id and mobile number informing you of the allotment status once the allotment process finalizes.

In case of a successful allotment in an IPO, the bid amount blocked by the bank gets debited, and you will receive the allotted shares in your Tradingo Demat account. If you do not get an allotment, the bank initiates the refund process for the bid amount blocked by the bank.


Conclusion

Tradingo offers easy and convenient online IPO application services through their mobile app using UPI as a payment gateway. You can also apply using the ASBA facility.

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Frequently Asked Questions

  1. 1. Does Tradingo offer IPO investment facility?

    p>Yes, Tradingo provides the facility to apply for an IPO online through the Tradingo mobile app.

    The investors can apply for an IPO through Tradingo using the UPI gateway.

     

     

  2. 2. How to sell IPO shares at the Tradingo platform?

    Investors have to log in to the Tradingo trading platform and place a sell order to sell the IPO shares once they get listed on the stock exchange. 

    The process to sell IPO shares is similar to any other sell trade order. After receiving the request for selling the shares, the system checks the availability of shares in the Demat account. If everything is correct, the order gets placed on the stock exchange. Once the sell trade gets executed, the linked bank account gets credited with the funds.

     

     

  3. 3. Does Tradingo provide IPO Funding?

    Yes, Tradingo offers an IPO funding facility with an interest charge of 0.05% per day.

    Investors can borrow funds for IPO applications from the subscription date until the allotment gets done. If the IPO shares get allotted to you, the stockbroker will debit the IPO investment amount from your bank account. 

     

     

  4. 4. Can I apply for IPO through Tradingo?

    Yes, you can apply for IPO online through Tradingo using the UPI ID through Tradingo mobile app.

    You can also apply for IPO using ASBA Netbanking services or by submitting the physical IPO application form to the nearest branch or your bank if you do not have a UPI ID. You need to mention the Tradingo Demat account number in the IPO application form.

     

     

  5. 5. How to apply for IPO through Tradingo?

    Tradingo offers a fully digital IPO application facility to its customers. You can apply for IPO through Tradingo using the UPI.

    Steps to apply in IPO through Tradingo app:

    • Login to Tradingo mobile app.
    • Go to the IPO section and select the IPO for application.
    • Add the quantity and amount for bidding.
    • Enter the UPI ID and confirm.
    • Open your UPI app and approve the mandate.

     

     

  6. 6. How to apply in IPO in Tradingo without UPI?

    You can apply for IPO using the ASBA Net banking facility or by submitting the physical IPO application form and providing Tradingo Demat account no. if you do not have a UPI ID.

    Steps to apply in an IPO through Tradingo using the Net banking ASBA facility (without UPI):

    • Log in to your Net banking account.
    • Go to the IPO section of the website.
    • Select the IPO you would like to apply for from the list of active IPOs.
    • Enter the bidding details and provide your Tradingo Demat account no.
    • Confirm and apply.

    Steps to apply offline in an IPO through Tradingo:

    • Download the IPO application form from the NSE website.
    • Fill the form with below details of the applicant.
      • Name and Contact Details.
      • PAN No. 
      • Tradingo Demat account details.
      • Bidding Details.
      • Bank details.
    • Sign the form.
    • Submit the form to your nearest bank branch or the broker office.

     

     

Tradingo Account Opening Enquiry

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Information on this page was last updated on Tuesday, November 16, 2021

Special Offer: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

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