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How to buy IPO in Angel Broking?

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Angel Broking offers online IPO applications to its customers. Angel customers can apply in IPOs in two ways using:

  1. Angel Broking IPO application (UPI as Payment Mode)
  2. Net-banking service of the bank where the customer has an account (ASBA)
  1. Angel Broking IPO application (UPI as Payment Mode)

    For applying in an IPO through Angel Broking, a UPI ID is required. A UPI id is a unique ID representing your bank account. You can create the UPI ID from the net-banking mobile app of your bank or using the BHIM app for free.

    Steps for Angel Broking IPO Application (UPI-based)

    1. Log in to Angel Broking apps (mobile or website).
    2. Click on 'More' on the top menu.
    3. Click on 'IPO' from the dropdown.
    4. Choose an IPO and click the 'Apply' button.
    5. Enter UPI ID, investor type, order quantity and price.
    6. Choose the Cutoff-price checkbox if applying in the retail category.
    7. Click 'Apply' to place the IPO order.
    8. A UPI mandate is sent to your UPI App within 2 hours.
    9. Accept the UPI mandate in your UPI App (net-banking or BHIM)
    10. Check the status of your order in the Angel Broking IPO App.
  2. Net-banking IPO Application (ASBA)

    An investor can also apply for an IPO using the online IPO facility offered by your bank using net banking. This facility is offered by all major banks including ICICI, HDFC, SBI, Kotak, etc.

    Steps to apply in IPO using ASBA Net Banking

    1. Log in to the website/mobile app of your bank.
    2. Go to the IPO section.
    3. Choose an IPO from the list and apply.
    4. Enter your Angel Broking demat account number or any other demat account where you want the IPO shares to be credited
    5. Choose Investor Type, enter order quantity and price
    6. Choose the Cutoff-price checkbox if you're applying in the retail category
    7. Review and confirm the IPO order

Note: The allocated IPO shares are delivered to Angel Broking demat account or any other account mentioned while in the application. You can check IPO allotment status here.

 

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