How to apply for the IPO through Alice Blue ?
Created by: FAQ .
Modified on: Tue, 20 Sep, 2022 at 12:45 PM
Login to the IPO console using the following Link :- https://ipo.aliceblueonline.com/home
Select the IPO you wish to apply from the list of open issues
Once you have selected the preferred one, you can see all the details like issue open date, closing date. issue size, price, Market lots etc.
Enter the UPI id which is linked to your personal bank account. The application is subject to rejection, if the person who is applying differs from the one whose bank account is used to apply.
While placing the bids, only a quantity that is multiple of lot size is allowed. If you want to apply at the cut - off price. then simply click the text box next to ‘cut - off’ price. If you want to place the bid at a different price, enter the price at the ‘Price’ field.
Once you have completed all the steps, read the declaration and click ‘Submit’
Further Steps to follow:
After submitting the request, you’ll receive the mandate request on your UPI application. Accept the mandate request. Sometimes it will also take a few hours to receive the request. This will block the required amount for the application till the date of allotment. If the quantity is alloted, money is debited from your bank account and shares are credited to your demat account in Alice Blue.
After submitting the IPO bid request, SMS will be received from the exchange to confirm your application
To check the status of your application, you can select the applied IPO and you will be able to see the last updated bids in your application
If you don’t receive the allotment, the blocked funds are released on the date of allotment. List of IPOs can be viewed on the NSE website also
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