5Paisa IPO Review - Charges, Easy Steps to Apply Online
5Paisa Track Record Of Best Online Stock Broker In India
5 Paisa IPO Review - Charges, Easy Steps to Apply Online
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.