ASBA or Application Supported by Blocked Account is a widespread method of applying for an IPO.
In this method, the amount of your respective bid is blocked in your bank account till the time the allotment is completed. Once the process concludes, the amount is unblocked or debited in your bank account.
There are a lot of SEBIapproved banks that can carry the application process through ASBA. If you are willing to apply for the Lodha Developers IPO using ASBA, you should follow the given steps.
Open the net banking portal of your respective bank.
Log in using the credentials. (Login ID and password)
In the dashboard menu option, find the ‘request’ button and click on it.
A page carrying the list of all the IPOs will appear on the screen.
Choose ‘Lodha Developers IPO’ from the list.
Now fill in the required details and submit the application.
Once you complete this process, the respective amount will be blocked in your bank account.
How to Apply for Lodha Developers IPO using UPI?
Another method that has gained immense popularity is the UPI method. It was considered by SEBI in 2019 and has become a popular option ever since.
The steps to apply for Lodha Developers IPOusing UPI are given below:
First, you need to download any UPI payment app on your smartphone.
Link your registered bank and then create a UPI ID and password.
Now open the trading platform of your broker and log in using the credentials.
From here, you will see an IPO tab. On this click on the ‘Lodha Developers IPO.’
Fill in all the necessary details in the form.
Now on the payment option, click on the UPI method.
You will now receive a request to block the amount in your UPI platform.
On approving the request, the bidding amount will be blocked in your bank account till the whole allocation process is not completed.
How to Apply for Lodha Developers IPO Offline?
There are still people in this digitalized world who lay their trust on only the offline process. The process for applying for Lodha Developers IPO offline is easy and can be completed in the following steps.
Visit your nearest bank. Remember that it should be approved by SEBI.
Choose the IPO that you are applying for.
Here, fill in all the necessary details in the application form.
Submit the desired documents.
After the completion of the process, the amount will be blocked in your bank account.
Note- The amount is only unblocked or debited into your bank account after the process of allocation of shares is completed.