Imagine being a part of a potential company from the time it goes public and earning high returns. This is what an IPO offers its investors. With technology on the rise, the introduction of IPO apps has entirely changed the investment landscape and made the whole process convenient and seamless. With the apps, investors can now look for opportunities from anywhere and make their decisions by analysing everything about the company on the platform.
In this guide, we will explore why you should use an app and the process of applying for an IPO via your smartphone, sharing tips for a smooth application process.
What is an IPO?
An IPO, or Initial Public Offering, is a process in which a private company decides to go public for the first time and raise capital. It offers investors the opportunity to own a share in the potential company and earn high returns.
Traditionally, investing in an IPO used to be a hectic task, but it has become more convenient with digital platforms. Here are some reasons why every investor should use an IPO trading app:
- Apps allow users to apply for an IPO from anywhere at their convenience.
- Take advantage of tracking your investments and managing the portfolio.
- Get instant notifications and alerts on important dates so you don’t miss out on any opportunities.
- Apps have eliminated the lengthy paperwork as everything is stated on the platform.
Steps to Apply for an IPO via Smartphone
Follow the below-mentioned steps to apply for an IPO using your smartphones:
- Download IPO Application: Start by choosing a reliable and trusted IPO app from the Google Play Store or the Apple Store. Consider factors like user-friendliness, security features, a wide range of investment options, and customer support service when making a choice.
- Register and Open a Demat Account: Register yourself by providing the required details, enabling two-factor authentication, and navigating to open a Demat account. To apply for an IPO, you must open a Demat account, where your financial securities will be stored, and you can buy and sell your investments. Upload all the documents, complete your KYC, and wait for everything to be verified. Keep your documents, such as your PAN card, Aadhar card, and bank statements, handy.
- Check IPO Allotments: Once everything is verified, browse the list of upcoming IPOs and carefully review the company’s financial statements, management, business model, and risk factors.
- Fill out the Application Form: After deciding which IPO to invest in, you can place your bid on the IPO apply app. Enter the number of shares you wish to apply for, the price you are willing to pay and the UPI ID, if there is any. You can even check the status of the IPO, the number of applications it has received and other information.
- Track Application Status: After submitting your application, you can check and track its status and enable notifications to receive important updates.
- Allotment: If your bid is successful, you’ll get the allotment of shares in your Demat account.
Tips for Smooth IPO Application
Ensure to consider these tips to experience a seamless IPO application process:
- Download a user-friendly, secure and trusted IPO app to make the navigate easy.
- Stay updated on market insights and trends to make the right decisions at the right time.
- Be sure to check all the information and update if anything changes.
- Set realistic applications and diversify your investment portfolio to maximise the returns.
Summing Up
Applying for an IPO has become relatively straightforward and convenient by using an online digital platform. Trustworthy IPO trading apps like Bajaj Finserv allow investors to diversify their portfolios and make an easy and hassle-free application. The platform provides access to promising companies, offers long-term growth opportunities and charges low brokerage fees.
By following the smart tricks mentioned above and downloading the right platform, you can successfully start your IPO journey and make your way to earning maximum returns.
