Upstox (RKSV Securities) is the 2nd most popular discount stock broker in India. Upstox offers online trading services in Equities, Derivatives, Commodities, and Currency. The company also offers online Mutual Fund investment and Demat account related services.
RKSV Securities is the member of BSE, NSE, MCX, NCDEX SEBI, NSDL, and CDSL. As of Nov 2018, upstox has over 1 lakh customers and it generates over ₹15Cr daily turnover at exchanges.
Upstox is famous for its discount brokerage plan (flat rate per trade brokerage charges) and powerful trading software. The trading software's offered by upstox are built in-house. They are offered for free to all its customers.
Upstox offers 2 simple trading plans;
Initial Public Offer (IPO) is a process through which a privately held company first time goes to the public to raise funds for its business needs and get listed at the stock exchanges. This process results in to:
IPO offers a great opportunity to buy shares of the company in the early stage of its journey at stock exchanges. IPO shares usually have huge demand. Many IPO's get 100+ times bid for shares. In India, retail investors have a reserved portion in an IPO. A fixed 35% IPO Shares are reserved for retail investors. This reservation increases the chance of allotment of IPO shares. Some retail investors use this to buy IPO shares for listing gains only, instead of holding the shares for long-term.
Upstox doesn't offer Initial Public Offers (IPO) application services.
If you are an Upstox customer and wish to invest in an upcoming IPO then you have an option to invest through ASBA facility offered by your bank. Here are the steps to apply for IPO using ASBA net banking:
Please note that the above process may differ slightly from bank to bank.
You need to have sufficient balance in your bank account to pay for the application money. This money is only blocked from withdrawal till IPO allotment and is not debited from your account. If you are allotted shares then the money is debited from your account else it is unblocked.
The allotted shares will be credited to the demat account provided in the application and are available for trading from the listing day.
You are free to withdraw or cancel the IPO application during the IPO bidding window.
Open an account with a traditional broker like Axis Direct, ICICI Direct and HDFC securities etc., offering online IPO services. In case of allocation of shares, you can transfer the shares your Upstox demat account later.
Download the IPO application form. The forms are available on the websites of BSE, NSE and lead managers of the particular IPO. Submit the filled form along with a cheque to the authorized bank branches listed in the application.
Upstox is a discount broker and runs on an online business model. Online brokerage companies charge flat fee brokerage which is much lower than traditional brokers. They are able to do this by cutting their overhead expenses in managing physical presence like branches and staff. To keep the operational expenses low, Upstox doesn't offer many add-on services in comparison to traditional brokers.
Some of the key add-on services which Upstox (most online discount brokers) don't include Initial Public Offer (IPO), Stock Research and Recommendations, Portfolio Management Services (PMS) and Investor Advisory etc.
Yes, you could apply in IPO using your Upstox Demat Account. But this can't be done directly using services offered by Upstox.
You have to use the net banking services of your bank to apply in an IPO. While applying for IPO share, make sure you use the demat account number of your demat account with Upstox. Steps for applying in IPO are provided above.
Upstox trading account or upstox back office doesn't offer online IPO. But it's easy and simple to apply in IPO through net-banking of your bank.
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.
You could sell the allocated IPO stocks (Mainline IPO or SME IPO) in the same way you sell any other shares. You could do that once the shares are credited in your Demat Account.
Clients with a demat account can participate in an IPO. At the time of applying in IPO, if you mention the demat account information of your Upstox Demat Account, the allocated shares are created into your demat account automatically.
All type of Upstox customers including Retail, NRI, Corporate, Minor, HUF etc. can apply in IPO.
No, none of the parties involved in online IPO charge any fees.
Note that as equity delivery trades are brokerage free at Upstox, you don't have to pay brokerage when you sell IPO shares. You still have to pay government taxes and demat debit transaction fee when selling IPO shares.
No, Upstox Mobile doesn't offer online IPO.
No. RKSV doesn't offer IPO reviews or recommendations to its customers.
Information about Upstox Initial Public Offer, Upstox IPO, Upstox Allotment Status, Upstox Applciation Status, Upstox ASBA, Upstox Apply IPO andUpstox Demat.
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