The ASBA method also provides different processes, i.e., Offline and Web, i.e., Online. These processes and measures are discussed below.
How to Apply for IRFC IPO Online
Relate to the next moves to submit to the online process for the IRFC IPO:
The first move is to login into the gateway of your registered bank account.
Now the Demat and ASBA services options on the portal should be searched and clicked.
Likewise, the IPO application button may also be searched.
Following these steps, certain information will be given, including the PAN card number, demat account numbers, bid details, etc.
After all these measures, you will have to finish the verification process.
Your authorized bank will then block the amount.
Unless the IPO share is assigned and vice versa, the balance will not be decreased.
These are the measures to submit offline for the IRFC IPO.
Find the ASBA e-forms from the official NSE website.
After that, choose the name of the business, and the screen that shares the full information with the forms will be given to you.
The form should be downloaded from the given link and, after downloading the form, enter the data.
Now, submit the form, including a duplicate of the PAN card, to the local branch of your authorized bank.
In just 2-3 hours, the balance is blocked in the bank account.
How to Apply for IRFC IPO Zerodha
The “Console” is the back office software of Zerodha that enables you to apply online in the IPOs. The UPI payment procedure is also being used for applying in Zerodha for the IPOs.
If you want to purchase IRFC IPO with Zerodha, then for that you must be the customer of the broker along with the UPI payment setup.
If you want to know more about the procedure of applying for IRFC IPO through Zerodha then the following is the online process of applying for IPO through Console.
How to Apply for IRFC IPO Online Zerodha
The latest changes by the SEBIrequire the support of UPI 2.0 for all IPOs. Investors may then apply directly to IPOs from the website of the broker.
Zerodha has responded quickly to the new chance to connect the UPI payment system with online IPO applications. Zerodha now makes it easier for customers to apply for IPOs via a console and UPI ID back office dashboard.
The actions to execute the IRFC IPO using UPI and Zerodha Console are as follows:
Set up the activated app for UPI 2.0.
Login into the Console, and from the ‘Portfolio’ menu select ‘IPO.’
Now, select the IRFC IPO from the list.
Verify the specifics of the bid, such as open date, close date, issue size, lot size, and DRHP for the selected IPO.
Submit your UPI ID that is connected to your bank account.
Just position your bid(s) in the lot size multiples.
Now, if you wish to apply for a cut-off price, click on the checkbox for the cut-off price.
Enter a price in the ‘Price’ area to position an offer at some other price.
Check and present the accurate agreement and then submit it.
Then, in just a few hours, you will receive a UPI application for a mandate.
Accept the term of office. This blocks the funds needed to apply to your bank account until the day the application is made available (2 days before the listing date).
If you get an allotment, the money will be deducted from your bank account and the shares will be transferred to your debit account.
If you do not obtain an allocation, the blocked funds will be issued on the date of the allocation.
How to Apply for IRFC IPO Through HDFC Bank
Online Investment in IPOs with HDFC Securities is one of the simplest, healthiest, quickest, and most efficient ways to apply for IPO shares in India.
You can apply for a single click in the IRFC IPO based on your comfort. Below are a few simple steps to apply for IRFC IPO with HDFC securities:
Firstly, login into the HDFC Netbanking Account.
Now, on the left side menu search the ‘Request’ option and select ‘IPO Application’ under that.
Select the IRFC IPO and enter the IPO details.
Now confirm the order.
How to Apply for IRFC IPO Upstox
If you are a customer of Upstox and want to apply for the IRFC IPO today with the same broker, the following are the steps that can be followed to place the order.
You must have a demat account to purchase a share.
Upstox will open a demat account for each user.
Assure that the IPO is available to you as a retail investor.
If you are making an online bid, please visit the website of the bank offering the IPO.
To bid for shares, you must be a customer of the bank.
To apply for IPO shares, log in to your net banking account, and find the link.
Enter Upstox’s 16-digit Depository participant ID and bid for the number of shares that you want to purchase. Fill out the details needed and submit the request.
The bank sends money for the offer by means of the ASBA program. The blocked sum transferred to the company following the allocation of shares or reimbursement is not available after the completion of the IPO if the shares have not been allocated.
The shares are deposited to the demat account automatically after the shares are allotted.
You can use the trading platforms of the Upstox to have a clear track of your shares
As an ardent investor, you should select the appropriate IPO. But before applying for an IPO, you should have a Demat account with an authorized NSDL and CDSL stockbroker.
To apply for the IRFC IPO through the UPI process, you will need to install the UPI app, then look for the IRFC IPO in the list and then select it to invest in it.
The IRFC IPO can be placed with the help of the official platform of the various stockbrokers only if you have a demat account with them.
The process for applying the IRFC IPO through Zerodha, HDFC, and Upstox are mentioned in the above segments.
The UPI approach is completely transparent and hassle-free.
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