How to Apply for an IPO Online Through Share India: Step-by-Step Guide

Initial Public Offerings (IPOs) allow investors to participate in the equity markets by investing in companies at the time they are first listed on a recognised stock exchange. In India, IPO applications are governed by SEBI regulations and processed through a structured and transparent mechanism.

Share India facilitates online IPO applications through its mobile application and web portal in accordance with applicable regulatory requirements. This article explains what an IPO is, how to apply for an IPO through Share India, and outlines key considerations for investors.

What Is an IPO?

An Initial Public Offering (IPO) refers to the process by which a company offers its equity shares to the public for the first time and seeks listing on a recognised stock exchange. Companies typically launch IPOs to raise capital for business expansion, debt repayment, or other corporate objectives.

For investors, IPOs provide an opportunity to invest in a company at the time of listing. In India, IPO applications are processed through the ASBA (Application Supported by Blocked Amount) mechanism, as prescribed by SEBI, which ensures fund safety and operational transparency.

How to Apply for an IPO Online Through Share India

Investors can apply for IPOs online through Share India’s mobile application and website.

• Registered clients of Share India with an active trading and Demat account can apply for IPOs directly through the Share India mobile application or website/ web portal using their registered credentials.
• Eligible non-clients (guest users) may also submit IPO applications through Share India’s website, subject to completion of the applicable verification and regulatory requirements prescribed for IPO participation.

Note: Submission of an IPO application as a guest user does not constitute account opening or client on boarding for trading purposes. Steps by Step Guide to apply through Share India Website.

Steps to Apply for an IPO Through Share India’s Mobile Application / Web Portal

1. Log in to the Share India trading application or web portal using your registered credentials.
2. After logging in, navigate to the Home screen.
3. Click on the IPO section to view the list of currently open IPOs.
4. Select the IPO you wish to apply for and click on Apply.
5. The application category will be set as Individual Investor by default.
   
   Please note: To streamline the application process, the Retail and HNI categories have been merged under a single category — “Individual Investor.” Accordingly, both Retail and HNI clients apply under the same category.
6. Enter the number of lots and bid price, if unsure about the bid price, you may choose the Cut-off Price, where applicable.
   
   Important: The bidding option available may vary based on applicable regulations and investor eligibility criteria.
7. Enter your valid UPI ID linked to your bank account for ASBA mandate authorisation.
8. Review the application details, accept the declaration, and submit the IPO application.
9. After submission, a UPI mandate will block the required funds in your bank account.

Benefits of Applying for IPO

Subject to individual risk assessment and prevailing market conditions, IPOs may offer the following considerations for investors:

1. Participation at the Time of Listing: IPOs allow investors to participate in a company’s equity at the time it becomes publicly listed.
2. Structured and Regulated Allocation Process: IPOs are conducted through a regulated framework prescribed by SEBI, ensuring transparency in the application and allotment process.
3. ASBA-Based Fund Protection: Under the ASBA mechanism, application funds remain in the investor’s bank account and are blocked only for the duration of the IPO process.
4. Portfolio Diversification Opportunity: IPO investments may provide diversification by offering exposure to new companies or emerging sectors.
5. Long-Term Investment Consideration: Certain IPOs may be evaluated as part of a long-term investment strategy, subject to analysis of company fundamentals and market conditions.

Pre-Apply Feature: Stay Ahead of the Curve

The Share India mobile app offers an IPO pre-apply facility that enables investors to submit their applications in advance, ahead of the official issue opening. This helps investors stay prepared for high-demand and oversubscribed IPOs, ensuring a smoother and more timely application experience.

Disclaimer: This article is for informational purposes only. IPO investments are subject to market risks. Investors should read the offer documents carefully before investing. Share India does not guarantee allotment or returns, and past performance is not indicative of future results.