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:
- Log in to Net Banking: Access your bank's net banking portal where ASBA services are available.
- Go to Demat & ASBA Services: Select 'Demat & ASBA services' under e-Services and navigate to the IPO section.
- Select the IPO: Choose the IPO you wish to apply for from the list of available IPOs.
- 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.
- Enter your details: Provide your name, PAN, and Demat details.
- Choose the depository as 'CDSL'. Enter your 16-digit Groww Demat account number where shares will be credited if allotted.
- Confirm and Submit.
Click the button below to read more.