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How to place IPO application via ASBA?

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IPO subscription can be initiated via net banking.

Here are the steps mentioned for bank account holders in general; these may slightly differ from bank to bank:

  1. Log in to Net Banking: Access your bank's net banking portal where ASBA services are available.
  2. Go to Demat & ASBA Services: Select 'Demat & ASBA services' under e-Services and navigate to the IPO section.
  3. Select the IPO: Choose the IPO you wish to apply for from the list of available IPOs.
  4. Enter Application Details:
    • Ensure the 'ASBA' option is selected and apply as an 'Indian Resident Individual'.
    • BID Quantity: Enter the number of shares (in multiples of the lot size).
    • BID Price: Choose your bid price or select 'Cut-Off Price' for the final price set by the company.
  5. Enter your details: Provide your name, PAN, and Demat details.
  6. Choose the depository as 'CDSL'. Enter your 16-digit Groww Demat account number where shares will be credited if allotted.
  7. Confirm and Submit.

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