Apply for IPO online
Applying IPOs are now easy with PL. Invest in companies with promising growth potential in just a few clicks.
Market opportunities
If you have an active Demat Account with us, you can simply apply online IPO in these steps:
Go to our website or open our mobile application. This is available on the Play Store or the App Store for download.
Log in to your account and go to the IPO section.
From the list of IPOs, you can apply for Pre-Open and Open IPOs.
Then, enter the number of lots, bid price, and choose the investor category (such as regular, employee, shareholder, etc.).
Enter a valid UPI ID, click on apply and accept the autopay request.
Everything you need to know about Initial Public Offerings, bidding eligibility, and issue mechanics.
An IPO is the process through which private companies sell their shares to the public for the first time. In this process, the company’s shares become available to buy and sell on the stock exchanges, and a privately owned company becomes a public limited company. The proceeds of an IPO can be used for investing in new technology or projects, business expansion, repayment of debts or existing investors selling their stakes.
Usually, companies announce an IPO to raise funds from public investors by giving them equity shares. This fund is utilized for paying off debt, business expansions, research, etc. IPO allows the existing investors and promoters to sell their stakes and book profits. Being a public limited company, it can improve its reputation and visibility, which helps to attract more customers, lenders and investors into the business.
The IPO process starts when a company hires investment banks to evaluate its finances and sign an underwriting agreement. Then, it prepares a Draft Red Herring Prospectus (DRHP) and submits it to SEBI, while also applying to stock exchanges. After getting approval, the company promotes the IPO through roadshows and sets a price or price range. The IPO opens for public bidding for 3 days. After bidding, shares are allotted, and refunds are given if not allotted. On the listing day, the company’s shares are listed on the stock exchange for public trading.
Fixed Price Issue: A Fixed Price Issue sets a predetermined share price decided by the company and its merchant banker after assessing the company's value and risks. Investors pay this fixed price upfront during subscription.
Book Building Issue: In contrast, a Book Building Issue sets a price band (floor and cap), and investors bid within this range during the IPO. The final share price is determined based on demand and bids received and allows market-driven price discovery.
A Demat Account is mandatory to apply to invest in an IPO. However, if you do not have one, you can open a new Demat Account with zero account opening charges from PL Capital. Any individual who has a valid PAN card and a Demat Account can apply for an IPO in India. Additionally, you need sufficient funds in your bank account while applying for an IPO.
