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Wednesday, December 1, 2021

IPO Pre Apply: How To Pre-Apply For Upcoming IPO Of Nykaa, PolicyBazar And Paytm, Know Everything

To save you the trouble of having to remember the exact initial public offering (IPO) dates and not miss out on any exciting IPO bids, many investment platforms have started offering “pre-apply” options. Paytm, Groww, Upstox, Angel One and ICICI direct are some of the investment platforms offering the option to apply for an IPO in advance.

Pre Application for IPO is a way to apply for an IPO before it goes live and is open to subscribe for three days. Here, the system stores the pre-IPO bids and later when the IPO goes live, it submits the applications. This way you don’t need to remember the dates of the IPO and bid for it in advance.

The upcoming IPOs using this feature are Nykaa, PolicyBazaar, Fino Payments Bank and Paytm.

Nykaa IPO: Issue will open on October 28, know what’s going on GMP

You can pre-apply for Nykaa’s IPO right now, which will begin on October 28 and close on November 1. The IPO of PolicyBazaar will start from 1st November and 3rd November.

At present, investors can apply for an IPO only when it is open for a period of three days. Many investors, especially those who do not trade actively, miss the opportunity to invest in IPOs due to timing, network issues and server glitches.

Paytm IPO: Paytm may launch IPO between November 8 and 10, issue size will be Rs 18,300 crore

Once a pre-order is placed, investors will be notified at every stage of the IPO application process such as the Unified Payments Interface (UPI) mandate, request to block the IPO application amount and successfully place their bid.

How to Pre-Apply for IPO on Upstox: (Similarly Pre-Apply for all investment apps)

Log in to Upstox using your 6 digit PIN or biometrics and go to the IPO page in the “Discover” tab.

Click on the Pre-Apply option on the page.

Check all the details of IPO.

Fill the required details and click on “Continue”.

– Pre-application for IPO will be created and you will see a UPI mandate message stating the date of receipt of UPI mandate notification to block your bid amount.

– View your pre-apply IPO application under “My IPO Section”.

– If you want to delete your pre-application for IPO, click on “See More” under “My IPO” where you will be able to see “Delete Application” option. You can delete your pre-IPO application at any time before the IPO closes.

How to Pre-Apply for IPO on Groww:

Log in to your Net Banking account using your Customer ID and Password.

– Go to the “Request” tab on the left side of the screen.

– Scroll down and look for IPO/Rights Issue option.

On the next screen, you will see the list of IPO and rights issue live. Click on “Apply” for the IPO you wish to apply for.

– In the next screen you will be asked for the number of shares you want to bid, your bid amount, date of birth.

– Once you proceed, you will be asked to confirm the amount to be blocked from your account, agree to the required terms and conditions and submit the IPO application.

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Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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