5Paisa IPO Review
5Paisa Track Record Of Best Online Stock Broker In India
5 Paisa IPO Review
5 Paisa is among the fastest growing discounted stock brokers in India. It provides trading across equity, futures and options (F&O), commodity, currency, IPO, Mutual Funds and others.
5paisa also provides an online IPO service for free to its customers. The customers can easily apply for an IPO using UPI through the official website of 5 paisa. While applying in a 5paisa IPO is not as easy as an ASBA IPO application through the 3-in-1 account, its 5paisa UPI IPO application offers an option to apply online.
It provides additional information related to IPO such as IPO details, IPO Allotment status, IPO Bidding details, IPO open and close date and much more.
Applying in 5paisa IPO
IPO is an abbreviation used for Initial Public Offering. It’s a process of issuing stock for sale for the first time by a private company to the public.
A private company is eligible to issue its stock for sale, first time to raise money either by issuing debt or equity. If the company chooses the equity route then the first offering of equity shares to the public via listing of shares in the stock markets is called an IPO. The company that offers its stocks hire investment banks i.e. an issuer. By taking the help of an investment bank you can set IPO, date, issue date, market the IPO, gauge demand and much more. Once the company founders and investors realize full profit from their initial investment then it can be an exit strategy.
Mandatory requirement to apply for an IPO:
• A Trading accounts.
• A Demat account.
• An UPI ID.
If you don’t have any UPI ID, just install BHIM app from google play store or iOS and create your UPI ID there.
Procedure to apply for an IPO in 5 Paisa:
1. Create an UPI Id: At very first, the customer has to create an UPI Id. This Id can easily be created by using BHIM UPI App or just by using the online mobile banking app of any bank that includes ICICI, HDFC wherever you have an account.
2. Use 5paisa Console to apply in IPO
Steps to apply in 5paisa IPO:
a) Log in to 5 Paisa trading account using your Login Id and Password through web or app.
b) Open ‘IPO’ present in the ‘Trade’ section.
c) Select the IPO you wish to apply.
d) Place the ‘Bid’ by entering ‘Lot size’ and ‘Price’.
e) Enter your UPI ID and Apply.
f) Accept the authorization request which you will receive shortly on your UPI App.
After accepting the authorization request, your selected Bid price money will freeze in your bank account.
• If you get shares on IPO allotment, that freeze money will be deducted from your bank account and shares will be transferred to your Demat account.
• If you don’t get shares on IPO allotment, that freeze money will be released to you.
IPO Allotment Status
The customers can check the status of their IPO allotment by using the IPO registrar’s website. The IPO registrar reveals the IPO allotment status as soon as the allotment process gets completed.
5Paisa offers the low and affordable online financial services to the retail customers in India. It is a discount broker i.e. an online stock broker that offers cheap brokerage plans to retail and institutional customers in India.
It charges flat Rs. 20 per trade to all the trading segments or size of the trade. This is among the cheapest brokers in comparison to the traditional full-service stockbrokers who charge brokerage in percentage of the trade value.
Frequently Asked Questions
No, It charges flat Rs.20 per executed order brokerage for stock trading and Rs.10 per executed order brokerage for mutual funds.
The features are listed below: 1. Zero brokerage. 2. Free premium Research and advisory. 3. Paperless account opening. 4. Free account opening. 5. Free mutual fund account opening.
In order to track the account opening status of your references, you need to follow these steps: 1. Login to 5paisa.com partner section. 2. Click on the dashboard. 3. Select the lead status and you will be able to see the account opening status of your reference.
The steps to download profit and loss reports in 5paisa are: 1. Enter your username and password by logging in to your account. 2. Click on your Profile logo on the dashboard. 3. Go to “My reports” from the options tab. 4. Select “Portfolio” from the reports option. 5. Select the necessary filters. 6. Click on the PDF or Excel button and download your P&L report from 5paisa.
If the customer applies online to open an account then the account will be opened within an hour. If the customer applies offline to open an account then the account will be opened within 24 hours. Any mistake in the submitted forms or documents would delay the account opening process.
The limit for IPO application is 2 lakhs per transaction on UPI.
You will get a link which you can send to your references. One your references add their name, mail Id and mobile number then the credit will be given to you automatically.
It allows the users to trade and to invest in equity, currency trading to go along with the mutual fund investments across BSE, and NSE.
ALB is the Adjusted Ledger Balance. It is the balance for the fund that you can withdraw or transfer back to the bank account.
The add on packs do not include the GST tax. All the paid plans will be charged at 18% GST over and above the add on pack fees and the same shall be non-refundable.
A minor cannot become a partner with 5 paisa.
To change your billing date, you are required to cancel your subscription and restart it on the date you would like to bill it on. In case you cancel it in the middle of your billing cycle, the cancellation shall be effective only at the end of that billing cycle and then you will be unable to re-subscribe your account until after that time.
5paisa.com does not provide any marketing support. The customer is required to search their references on their own. Although, the complete information about 5paisa.com is available on the website. The information present on website can be used for convincing clients.
When you sell any stocks held in your demat account and the securities are debited from the demat account then a demat debit charge is levied by 5paisa. The charges are 0.025% i.e. minimum Rs.25 per transaction of the value of securities.
The de-registration will not be available from the application until the active requests are revoked/executed.
The signature may get rejected due to the following reasons: 1. If the client has signed other than blue or black ink in the sent documents. 2. If the client has signed with pencil. 3. If the signature file is not uploaded properly. 4. If the signature does not match with your PAN. 5. If the signature is blur and not visible.
No, there are no charges for transactions done through UPI.
This broker results as a fantastic choice for the beginner clients as it is cheap. It charges a flat rate brokerage for all the segments and allows investment with assistance of small chunk of money without the need of deploying massive funds into the demat account.
They are the type of mutual funds that invest in securities with a residual maturity of up to 91 days. The assets invested are not tied up for a long time as liquid funds do not have lock-in period.
It is the date on which the client’s investment will be processed each month. When a client does an SIP then the amount is debited from their bank account one business day prior to the SIP date.
A Virtual Payment Address (VPA) is a unique identifier that can be used to send and receive money on UPI. Think of it as an email Id that you can use to transfer money.
You are required to have an active equity account in order to subscribe to any of our add on back plans.
No, only one bank account with one IPO application is allowed.
No, this broker belongs to the house of discount brokers and they don’t provide research services. However, the customers can rely on 5paisa terms of information regarding the top picks. Its robo advisory tool guides the customers through lot of aspects.
UPI is an abbreviation used for Unified Payments Interface (UPI). It is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. It is built over the IMPS infrastructure and allows you to instantly transfer money between the sender and the receiver.
Yes, It is safe, trustworthy and reliable stockbroker. It is promoted by Mr. Nirmal Jain, the founder of IIFL group (formally India Infoline). This broker is professionally managed and publicly traded company that is listed at BSE and NSE.