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IPO

How do I apply for IPO?

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To apply for IPO, please login to your Internet Banking Account > Investments & Insurance > Invest Online > Invest in IPO.

ASBA Online Facility for Investing in IPO

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Application Supported by Blocked Amount (ASBA)
At ICICI Bank, we are committed to offer our customers the best of services. We are glad to offer you a simple and convenient facility of investing in IPOs through ASBA facility.
 
What is ASBA?
ASBA means “Application Supported by Blocked Amount”. ASBA is an application containing an authorisation to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his application money shall be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalized, or the issue is withdrawn / failed.
 
It is a supplementary process of applying in Initial Public Offers (IPO), right issues and Follow on public offers (FPO) made through book building route and co-exists with the current process of using cheque as a mode of payment and submitting applications.
 
Click here to know more.

 

Detailed procedure of applying in IPO through ASBA.

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Under the ASBA facility, investors can apply in any public/ rights issues by using their bank account. Investor submits the ASBA form (available at the designated branches of the banks acting as SCSB) after filling the details like name of the applicant, PAN, demat account number, bid quantity, bid price and other relevant details to their bank branch by giving an instruction to block the amount in their account. In turn, the bank will upload the details of the application in the bidding platform. Investors shall ensure that the details that are filled in the ASBA form are correct, otherwise the form is liable to be rejected.

For more details, please click here.

Can I apply for IPO through iMobile app?

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iMobile does not support IPO. You may apply for IPO through Internet Banking.

Please login to your Internet Banking Account > Investments & Insurance > Invest Online > Invest in IPO.

I want to know the status of allotment for IPO?

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We request you to check with the registrar for the status of IPO allotment.

I want to cancel the IPO.

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You can cancel the IPO only before the end date of the IPO by following the below mentioned steps:

Step 1: Login to Internet Banking and select the option for Investment & Insurance.
Step 2: Click on Invest Online.
Step 3: Click on Invest in IPO under Online IPO option.
Step 4: Submit the request.
Step 5: Please enter the grid values and click on Submit.
Step 6: A confirmation page will be triggered which the customer has to verify and click on Submit.
Step 7: Select the option of Order Book and click on the Trans ID.
Step 8: Click on the option of withdrawal application.

Is there a better chance of allotment if one applies in IPO through ASBA?

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The chance of getting allotment is same for all the applicants whether application is made through ASBA or non-ASBA. ASBA is a simple, easy and smart way of applying in public issues. There are many advantages of applying through ASBA like money does not go out of investors’ account, no hassle of refund, investor keep earning interest on the blocked amount as banks have started paying interest on daily basis w.e.f April 1, 2010 and it gives better opportunity for utilization of money.

When will the blocked amount be released which was blocked in the IPO application?

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Once the issue date is closed, that will be considered as Transaction Day. Allotment will be done in T+4 working days. (Till that time the lien will be marked). Once the allotment confirmation is received from the registrar, then the blocked amount will be released in one working day.

How to cancel the IPO?

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You can cancel the IPO only before the end date of the IPO by following the below mentioned steps:

Step 1: Login to Internet Banking and select the option for Investment & Insurance.
Step 2: Click on Invest Online.
Step 3: Click on Invest in IPO under Online IPO option.
Step 4: Submit the request.
Step 5: Please enter the grid values and click on Submit.
Step 6: A confirmation page will be triggered which the customer has to verify and click on Submit.
Step 7: Select the option of Order Book and click on the Trans ID.
Step 8: Click on the option of withdrawal application.

How do I know that the allotment has been done for IPO?

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You will receive a message once the shares are credited in your demat account.

In case a person is having bank account with a branch, for example, at Kolkata can he submit IPO application through ASBA at a branch of the bank in Guwahati.

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Yes, this can be done provided that your bank have core banking facility and the ASBA form is submitted at a branch which is identified as designated branch by the bank.

I want to cancel the IPO application (the amount is already blocked)?

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You can withdraw the IPO application by clicking on Tran ID in the Order Book.

Why is the system not allowing to submit the request for IPO? It is showing error ''Special characters are not allowed”.

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Special characters are not allowed in the salutation of the name. Hence, we request you to delete the full-stop in the salutation and submit your request for IPO.

Can I apply for Offer For Sale (OFS) through IPO?

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Offer For Sale (OFS) and IPO both are different products. Hence, you will not be able apply through IPO.

What is the meaning of IPO?

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An Initial Public Offering (IPO), is the very first sale of stock issued by a company to the public.

How do I apply IPO through Internet Banking ?

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All ICICI Bank customers will be able to invest in IPO through online medium with the help of I-Direct platform.

You are required to update your PAN details with the Bank to avail this facility.

This facility can be accessed through below mentioned path.

Login to Internet Banking Account > Investments & Insurance > Invest Online > Online IPO.

You have to select your account number from the drop down from which you wish to apply for running IPO.

On confirmation of various details such as Debit Account Number, Customer Name, PAN, Communication Address, City, State, PIN code, Mobile Number and Email ID, you will be redirected to ICICI direct site where you can apply for any running IPO.

Note:
This facility is available for ICICI Bank saving accounts only as of now.
This facility is not available for NRI and Kiddy users.