Do I have to pay any brokerage at the time of applying for an IPO?

asked Wednesday, July 25, 2018

There is no brokerage charged on IPO application. You only need to have the minimum application amount in your bank account while applying. The money will be blocked from time of application to the finalization of basis of allotment. It will be debited if you are allotted shares or unlocked if you are not allotted any shares.

answered Wednesday, July 25, 2018

Comments

Add a public comment...

List of all questions Ask your question

More IPO Payment Questions...

What is ASBA payment method for IPO?
What are the basic requirements to apply in an IPO using ASBA process?
Who are Self Certified Syndicate Banks (SCSBs) and how do I know if my bank has the facility to apply in an IPO using ASBA payment method?
Detail process flow for 'Applications supported by Blocked Amount (ASBA)' payment Option.
I do not have bank account with SCSB's listed on SEBI website. Can I still apply in IPO's using ASBA payment option?
Will bank change any additional fees from there customers if they choose ASBA IPO Payment Option?
When the banks will need money in customers account to lock for ASBA payment option?
Can an investor apply on Lower Price Band using ASBA payment method?
Can an investor cancel or withdraw the IPO Application (or bid) submitted using ASBA payment option through SCSB's?
If I made application through 'Self Certified Syndicate Bank', then my money will be blocked but it is in my saving account, will I get interest for that period?
How do I choose ASBA payment option while applying for an IPO Stocks through ICICIDirect or other online trading portals?
Do I have to pay any brokerage at the time of applying for an IPO?

List of all questions Ask your question