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Aditya Birla IPO Review - Charges, Easy Steps to Apply Online
Aditya Birla Money Limited (IPO) Review - Charges, Easy Steps to Apply Online
In the brokerage industry, it is quite often difficult to enhance the value of assets in a single day, it needs a level of patience and a diversified platform to get benefitted. We need to stick with our plans. To seek an enhancement in our assets, we need to choose a trustworthy broker and Aditya Birla Money Limited is one of the popular and trusted full-service brokers of India, started providing their services since 1994. Aditya Birla Money Limited facilitates you to invest in almost all the national exchanges such as BSE, NSE, MCX and NCDEX. Aditya Birla Money Limited is one of the oldest full-service brokers of India offers online and offline facility to open 2-in-1 account without paying any account opening charges. Aditya Birla Money Limited offers many financial services such as loan against securities, home loan, health insurance, car insurance, bike insurance and also allows you to invest in equity, derivative, commodity, mutual funds, currency and IPO.
Aditya Birla Money Limited offers free research & advisory services to their clients around the world as it aims to provide best customer services at affordable price. Aditya Birla Money Limited offers very attractive and handsome margin/exposure to their clients through which one can trade more and buy unaffordable shares. Aditya Birla Money Limited offers many advanced trading software or platform which are accessible in mobile and desktop both. Aditya Birla Money Limited does not offer online IPO services but you can apply for IPO by using ASBA facility and mention the demat account number of Aditya Birla Money Limited to receive the allotted shares in your demat account.
What is an IPO?
Initial Public Offering (IPO) is one of the best methods of direct investment in which any private organization/corporation offer shares to the public in a new stock issuance. With the help of this process, a company can raise capital to meet the corporate goals, payment/repayment of outstanding borrowings and to enhance the business processes. There are 2 methods by which you can apply for an IPO, first one is UPI facility offered by your broker and another one is ASBA facility offered by your bank.
Types of Investors participate in the IPO bidding:
To fulfil the prime objective of the company such as for the payment or repayment of loan or to enhance the company’s processes or to fulfil the corporate purposes, any private limited company can issue an IPO after getting clearance from SEBI. Generally, many companies reserve some percentage of shares for the eligible employees of their company. Three major types of investors are as follows:
1. Retail Individual Investors (RII) – 35%reservation
2. Non-Institutional Investors (NII) – 15% reservation
3. Qualified Institutional Buyers (QIB) – 50% reservation
How to apply for an IPO through Aditya Birla Money Limited?
Aditya Birla Money Limited is a technology-driven platform but currently, it does not provide online facility to apply for an IPO but you can apply for an IPO by using ASBA facility which is available in the net banking of your respective bank account and Aditya Birla Money Limited demat account will hold your shares, securities and bonds. Follow the below steps to apply for an IPO using Net Banking and Aditya Birla Money Limited demat account:
1. Visit your bank’s mobile application or official website.
2. Online Investments sections > Invest in IPO.
3. Select your bank account.
4. Confirm your details.
5. Now, select an IPO in which you want to apply.
6. Enter your Aditya Birla Money Limited demat account details and Submit.
Note: Bidding amount of money will get freeze in your respective bank account at the moment you apply for an IPO:
• During IPO allotment process, if you will get shares then freeze amount will get deducted from your bank account.
• Freeze amount will get unblocked in your bank account if you will not get shares during IPO allotment.
You will receive a confirmation email and SMS after final application of an IPO.
Frequently Asked Questions
No, you do not need a demat account if you want to trade in futures and options segment.
Aditya Birla Money Limited demat and trading account will become dormant if you will not trade for 365 days. To reactive your ABML account, you need to send an email at email@example.com from your registered email id.
If you are a ABML customer then you need to generate the minimum brokerage of INR 1000 on monthly basis to avail this facility and also customer account should not register under DND mode.
Yes, Aditya Birla Money Limited offers the call & trade facility on its platform.
Any individual, Hindu Undivided Family (HUF), partnership firm, proprietary firm, a company can open trading account with Aditya Birla Money Limited via online method or by visiting the nearby branch.
Power of Attorney (POA) form can be downloaded from the official website of ABML. Steps are as follows: • Visit the official website of ABML • Downloads & help > Downloads > Change request tab > Individual POA form format. • Fill all the details and send it our below corporate address. Aditya Birla Money Limited No. 53, Ali Center, Greams Road, Chennai – 600 006
Letter of Authorization (LOA) is required only when the account is handled by someone else in blood relations on behalf of actual account holder. Valid relationships for LOA are as follows: • Father & Mother • Husband & Wife • Son & Daughter In-laws will not be accepted as valid authorized persons for LOA.
Equity & FnO – 15.15 hrs CDS – 16.45 hrs Commodity – 23.10 hrs / 23.35 hrs But always keep in mind, auto-square off will commence before 15 minutes to market closing time.
You need to call at 1800-300-29999 to place a trade.
Yes, Aditya Birla Money Limited offers After Market Order (AMO) facility which enables clients to place order between 16.15 hrs to next trading day till 8:45 hrs.
Contract note – Customer will receive the contract note by physical form or in digital form based on the option selected by the customer while opening the account. Trade Confirmation SMS – At the end of the day, customer will receive a trade confirmation SMS in their registered mobile number. Order Confirmation SMS – In offline mode, customer will receive the order confirmation SMS for all the orders places in derivative segment
Aditya Birla Money Limited is the depositary participant of both NSDL and CDSL. ABML enables their customers to choose between CDSL or NSDL.
Aditya Birla Money Limited is a part of the renowned and prestigious Aditya Birla Group which has its presence in all over the world. This full-service broker is known for its wide range of services and financial products which will help you in enhancing your assets. It offers many trading software and technical analysis tools so that you can analyse the market from any angle and place the order from any corner of the of the world.
No, it is not possible to move your fund deposited in equity segment to commodity segment. Equity funds can only be used in equity trading and commodity funds can only be used in commodity trading.