How to apply for an IPO?

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Different ways to apply IPO online in India – Explained!

IPO market has been ever growing in the Indian financial segment. There are various routes one can choose to participate in the growing trend i.e. IPO (Initial Public Offer). IPO offers a great opportunity for investors to gain high returns in a short period of time, say 10 days.
There are 2 ways to apply for the online IPO application:

  1. Through a trading account
  2. Through your bank account

Let’s know more about each category in detail:



As obvious from the category, it is important to have a trading account. Trading account basically helps you buy or/and sell securities in the stock market (NSE/BSE). If you don’t have a trading account, you can open a trading account in just a few clicks at “Hindustan Tradecom Pvt. Ltd.”. You can click here to apply for trading account online. 

There are some extremely important factors to consider before choosing your broker such as brokerage fee, service quality, client service quality, time taken to resolve an issue. The stock markets are highly volatile and thus every second can make or break your decision. Hence, it is important to choose a broker who can provide you best service quality.

The process for applying for trading account is same as opening a bank account, hassle free and completely online.
Once, you have trading account you can follow the below mentioned steps to participate in an IPO:

  1. Log in and make an informed decision
  2. Place your order with your broker
  3. Wait for allotment
  4. Hold/sell your share in the stock market after the company is listed in the exchange


Most of the banks offer bucket of services including helping you to apply for IPO application. This can be done easily if you have an account with that bank. However, it is important to note that no services are offered free of charge. Now, if you are applying through a bank, you can either go for offline or online mode of application for an IPO.

Though more and more people are choosing for online mode of application as it is hassle free and convenient. However, you can follow the following steps in case of offline application:

Step 1. Not every branch offers IPO application facility, hence, call in advance and confirm before going there physically. It is important to know that it doesn’t matter if your account is in some other branch. You can go to any nearby branch which offers IPO facility.

Step 2. Fill the Application supported by blocked amount (ASBA) form. The information you will have to provide are bank account number, PAN number, Demat account details. Collect the acknowledgement slip as it would be used to keep the track of application form.

Step 3. Choose the company and IPO in which you must invest. Mention the number of shares and quote the price as acceptable by you (in case of RII, it is advisable to apply at cut-off price). Make sure you have sufficient balance in your account, failing to which might cause rejection of application.

Step 4. Save the unique number for your application form to keep track of issue. 


Most banks have seamless internet banking options which comes in handy when you are looking to apply for IPO online. The mobile applications and services can also be used for hassle-free experience.
You can follow the following steps in case of online application:

Step 1. Login to your net banking services and link your demat account and PAN Card details along with other documents to your bank account. It will eliminate the redundant process of filling details every time for subsequent applications

Step 2. Submit your IPO application request. You can make informed decision by considering various factors such as company’s financial ratios, balance sheet, use of funds, promoter experience and so more. Specify the amount you are willing to pay per share (in case of book build issue)

Step 3. ASBA is a mandatory channel for application process. Make sure you have sufficient funds in your bank account.

Step 4. Save the unique number for your application form to keep track of issue.

What is an ASBA?

The SEBI has introduced an easy and efficient way to apply for IPOs i.e. though Application Supported by Blocked Amount (ASBA). When you apply through ASBA, the required funds are blocked in your account for the IPO till you are allotted the shares. The final amount leaves your bank account only after you have been allotted shares in the IPO. During this period, you continue to earn interest on these funds. With the advent of this new initiative, the application process has become more transparent and convenient for common man. The ASBA is mandatory for IPO application by Securities and Exchange Board of India (SEBI). 


About Hindustan Tradecom

Established in the year 2005, Hindustan Tradecom Group started its operations with an objective of becoming a financial powerhouse providing a complete range of financial solutions – all under one roof – with dedicated customer service and commitment to providing value for money to the clients.

We are leading share broker, Stockbroker and Commodity broker in Jaipur, Jodhpur, Bikaner, Kota, Rajasthan, India. If you are looking to apply for an IPO online then you can get in touch with our team at 0141-4069600 or visit our website