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Trustline IPO Review


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Trustline is a Noida based full-service broker. For over 25 years, Trustline provides a range of financial services in addition to stock and commodity trading. The services include wealth management, Insurance, Real Estate, Gold, Investment Advisory, Mutual Funds, Corporate FDs and Bonds.

Trustline Full-service brokerage services are designed for customers who require timely and personal attention to their trading needs. A dedicated relationship manager (RM) is provided to each client. The RM takes care of customer need and works one point of contact.

The research offered by Trustline is another key benefit of having an account with a full-service broker like Trustline. They offer timely advice to the customer based on the technical and fundamental analysis.

Trustline offers free trading software to all online customers. These set of software's are built in-house to meet the customer expectations.

Initial Public Offer (IPO)

IPO is a process through which a privately held company raises fund for its future projects by selling part of the company shares to a number of investors in the stock market. After IPO, the company gets listed at the stock exchanges and the shares of the company start getting traded.

While IPO's are used by companies to raise funds, it offers an opportunity for an investor to buy a part of the company at a very early stage. After buying IPO shares, the investor becomes a shareholder in the company.

Retail investors have a fixed quota (35% reserved in most cases) in an IPO. This reservation increases the chance of getting more shares of the company. Some retail investors use this to buy IPO shares for listing gains only, instead of holding the shares for long-term.

How Trustline customers can apply in an IPO?

Trustline doesn't offer an online IPO application to its customers.

As customers have the Demat account with Trustline, they can still apply in IPO's using net banking offered by the bank where the customer has the bank account. Most banks including ICICI Bank, HDFC Bank, SBI Banks, Axis Bank, Kotak Mahindra etc. provide an option to apply for IPO shares online. The process of applying IPO's through net banking is simple.

This process has nothing to do with Trustline Sec except you have to provide your Trustline Demat Account information at the time of applying for IPO through net banking.

Once allotment is done, the shares are credited in your Trustline Demat Account. You can hold them or sell them in the market as you sell any other shares from Trustline Trading account.

Steps to apply in IPO through net banking

Note that the process may be slightly different from bank to bank.

  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 = CDSL
    • DP ID = 12024200
    • DP Account = [Your Demat Account Number]
    • DP Name = Trustline Securities Limited
  8. Confirm the information and submit the application.

You get a confirmation from your bank for your application successfully submitted to the exchange by end of the day.

The allotted shares (if any) are credited to your Demat Account. They are available for sell on the day of listing.

Note that the IPO application money remains locked in your bank accounts and get released once the allotment is done.

FAQ's

  1. I have an account with Trustline. Can I buy IPO shares?

    Trustline, as a broker, doesn't offer a way to apply in an IPO online.

    But as described above, you could use the net banking to apply in an IPO using the Trustline demat account. The process is simple and quick.

    You could use your iTradeOnline demat account and apply through net banking of your bank account. Follow the steps provided above or contact your bank.

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  2. How do I apply in IPO using my Trustline Demat account?

    Most banks net banking facility offers the facility to apply in IPO's online. You can provide the demat account detail and apply in IPO. The process is 100% paperless, convenient and simple.

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  3. How do I sell IPO Shares with Trustline?

    You could sell the allocated IPO stocks (Mainline IPO or SME IPO) in the same way you sell any other company's shares through Trustline. You could sell them online, visit the branch or use call & trade to sell the shares.

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  4. Who can apply in IPO's with Trustline?

    Clients who have a demat account can participate in an IPO. At the time of applying in IPO, if you mention the demat account information of your Trustline Demat Account, the allocated shares are created into your demat account automatically.

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  5. How much fee do I have to pay to apply IPO online with Trustline?

    Trustline or banks doesn't charge anything for applying in IPO. Banks get a commission from the issuer company.

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  6. Can I apply in IPO's using Trustline iTrade Mobile App?

    No, iTrade doesn't offer online IPO.

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  7. Does Trustline offer online IPO to its NRI customers?

    No, they don't offer IPO's to NRI's.

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  8. Does Trustline offer upcoming IPO research?

    Yes, Trustline analyzes and offer detail research reports about IPO's to its Clients.

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Information about Trustline Initial Public Offer, Trustline IPO, Trustline Allotment Status, Trustline Applciation Status, Trustline ASBA, Trustline Apply IPO andTrustline Demat.

Trustline Competitors Review

Information on this page was last updated on Tuesday, October 9, 2018


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