Applying for an IPO in the employee category generally follows a process similar to applying in the retail category, with a specific option to identify yourself as an employee. Given below is a step-by-step process to apply in employee category:
- Ensure you are a permanent and full-time employee of the issuing company, its subsidiary, or its group company as defined in the IPO prospectus
- Check for the limits on the application amount for the employee category, as specified in the company offer documents.
- Login to your broker platform or bank’s net banking.
- Look for the IPO section.
- Choose the IPO you wish to apply.
- Fill in the demat details and UPI ID. (required if not done at the time of registration of account)
- Enter the bid details i.e. order quantity and price.
- Select ‘Employee’ as the investor category. This is the key step to ensure your application is considered under the employee quota.
- Submit the application.
- Approve the UPI mandate if applied using UPI route.
