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How to buy IPO Edelweiss?

Edelweiss Account Opening

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Edelweiss offers online IPO through its website to customers as well as guest users. It offers IPO through UPI as a payment gateway. The applicant should have a Bank Account UPI ID before applying in an IPO using Edelweiss online IPO application.

If you do not wish to apply in IPO using UPI, you could apply in an IPO through the net-banking of your bank using the ASBA facility using the Edelweiss demat account number. The IPO allocated shares are deposited in your Edelweiss demat account.

Steps to buy IPO in Edelweiss

  1. Go to Edelweiss website
  2. Navigate to 'SELF INVESTING' > 'Primary Market'
  3. Choose the IPO in 'ONGOING IPOs' and click on Apply.
  4. Enter your bid details like price, quantity and investor type.
  5. Enter your UPI ID, review your order and click submit.
  6. Open your UPI app and accept the payment request.

Note:

  • You will get an email confirmation once your IPO application is accepted.
  • Your IPO application is not complete until the UPI payment is approved. It may take up to 12 hours for you to receive the UPI payment request.

Steps To Apply IPO Online in Edelweiss through ASBA

  1. Log in to your net-banking account (i.e. ICICI, SBI).
  2. Go to the Online IPO Application section.
  3. Select the desired IPO from the list.
  4. Enter IPO bid detail (price, quantity)
  5. Enter the Edelweiss demat account information.
  6. Review and submit your order.

Note:

  • Your investment amount will be blocked until the IPO allotment is done. It will be debited if you are allotted IPO shares else the fund is released for withdrawal.

 

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