How to apply for mainboard ipo?

You can apply for a Mainboard IPO either online or offline. Here’s how the process works:

Online Method(Through ASBA via Bank or Broker)

1. Log in to your net banking account using your credentials.
2. Look for the IPO or ASBA section under the Investments tab.
3. Select the Mainboard IPO you want to apply for from the available list.
4. Enter the number of lots you wish to apply for, select the cut-off price or bid within the specified price range, and provide your Demat account number.
5. Apply. Your bank will block the corresponding amount in your account under the ASBA system.
6. Once the allotment is finalised, the shares will be credited to your demat account if you are allotted. If not, the blocked funds will be released back to your account.

Alternative Method: Using Broker's Trading App

1. Log in to your broker's trading app, such as Zerodha, Upstox, Groww, Angel One, or any other.
2. Go to the IPO section inside the app.
3. Select the IPO, enter the lot size, and fill in your UPI ID.
4. Approve the payment request on your UPI app.
5. Once allotment is complete, the shares will be credited to your demat account, or the blocked amount will be released.

Offline Method

1. Visit your bank branch and collect an ASBA application form.
2. Please fill in the form with the required details, including your PAN, demat account, and bid information.
3. Submit the form to your bank, and they will block the funds and process your IPO application.

To apply for any IPO, you need an active demat account, a PAN card, sufficient funds in your bank account, and a valid UPI ID if applying via broker apps.