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How to apply an IPO using SBI Net banking?
IPO

How to Apply for IPO using SBI IPO feature of SBI Net Banking

June 13, 20200 Comment464

Apply for IPO using SBI IPO feature of Net banking

Table of Contents

  • Apply for IPO using SBI IPO feature of Net banking
  • Step-1: Login to your SBI Net banking Account
  • Step-2: Add your profile
  • Step-3: Scroll to e-services section
  • Step 4: Scroll to SBI IPO section as shown below
  • Step-4: Select the IPO
  • Step-5: Submit the bid
  • FAQs

You can apply for the IPO in SBI using the SBI bank account net-banking services but not through SBI Smart Demat Account Directly. To apply for SBI IPO, you need to follow a few steps which are

Step-1: Login to your SBI Net banking Account

To apply for an IPO using SBI, you need to have an SBI net banking.

SBI IPO
SBI IPO

Step-2: Add your profile

If you are using for the first time then you need to add yourself as an applicant by

  • Clicking on the ‘Profile’ which is on the top menu, then you need to click on the ‘Manage IPO Applicant’.
  • You need to enter your SBI Net Banking Profile Password and Click on Submit.
  • In the next step, you need to enter your Name, PAN, Depository details etc, and click on ‘ADD and Confirm’.
  • You need to enter the OTP sent on your mobile and click on ‘Confirm’ to receive a confirmation message on the successful addition of the applicant.

Step-3: Scroll to e-services section

Now, you need to click on e-Services > Demat and ASBA Services > Click on IPO Equity.

SBI IPO
SBI IPO
SBI IPO
SBI IPO

Step 4: Scroll to SBI IPO section as shown below

SBI IPO
SBI IPO

Step-4: Select the IPO

You need to accept the ‘Terms and Conditions’ and select the IPO you wish to apply from the list of IPOs available in the SBI IPO section of net banking.

After reading the letter, you need to click on ‘Accept’ and select the Investor Category.

SBI IPO
SBI IPO
SBI IPO
SBI IPO

Step-5: Submit the bid

You need to select the applicant in the pop-up window and enter Bid Price, quantity, etc., and click on ‘Submit’.

SBI IPO
SBI IPO

After submitting, you will receive a confirmation email/SMS on a successful application. The total application amount will be blocked in your bank account. 

The money will be debited from your account if you are allotted with the shares else it will be unblocked after the allotment process.

FAQs

Is ASBA mandatory for IPO?

ASBA (Applications Supported by Blocked Amount) is now mandatory for all investors to apply an IPO.

Is it safe to apply an IPO using SBI Net banking?

Yes, it is completely safe if you apply for an IPO using SBI Net banking account. Follow the step by step guide to apply for an upcoming IPO from SBI IPO section of SBI net banking

How to Buy an IPO in SBI?

Here are the steps to apply for IPO in SBI account
 
Login to your trading account.
Select the IPO you want to buy
Transfer funds from your bank account to the trading account.
Select the no.of stocks you want to apply.
Enter your bidding price.
Submit.

  • Apply IPO in SBI
  • Open SBI Demat Account
  • SBI Account Opening
  • SBI Demat Account
  • SBI IPO
  • SBI Online Demat Account
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