Online IPO Bidding
An Initial Public Offer (IPO) is the first sale of equity shares of any company in
the open market. The IPO is either a Fixed Price Issue or Price discovery is done
through a book building process. During the IPO, a fraction of the shares are
reserved for different types of investors, including Retail (individual investors),
Qualified Institutional Buyers and High Net worth Individuals.
Using your Demat and online trading account, you could apply for IPOs through SPFL.
Our online platform has an IPO page where you can choose the issue you want to apply
to. Then, enter the number of shares. If you choose to bid, enter the bid price
along with the quantity. Once the application is submitted, you receive details such
as IPO application number and transaction details. Do make sure that you have enough
funds in the linked account for the application.