can we for IPO offers from internet

#1
Hi Friends ,

this is my first question regarding stocks.

recently i opened account in icicidirect.com ( site where we can buy nad sell shares online ) .

my question is can we buy ipo shares from such sites .
if anyone is staying outside country , how can they buy ipo shares .

this might be very silliest question for you experts.

Regards
Siva Prakash .
 

Traderji

Super Moderator
#2
prakashs43 said:
Hi Friends ,

this is my first question regarding stocks.

recently i opened account in icicidirect.com ( site where we can buy nad sell shares online ) .

my question is can we buy ipo shares from such sites .
if anyone is staying outside country , how can they buy ipo shares .

this might be very silliest question for you experts.

Regards
Siva Prakash .
Yes you can BUY IPO's using your icicidirect.com

You need to first login to your account and go to "modify allocation"! Then allocate the amount of money you would like to reserve for the IPO. Then click on the IPO link at the top and place your IPO order. If the shares ar alloted to you they will be credited to your icici demat account.
 
#4
Hi

Anyone using sharekhan plz let me know if it is possible to apply for IPO's using it and also does sharekhan supports mutual fund investments????
 
#5
Hi Traderji,

i saw 3 bids for initial IPO .
if we enter all the three bids with different amount

for eg: sasken 100 @ 240
100 @ 250
100 @ 260

at what price will they issue ?

if we place order at cut off price , what amount do they charge usually ?

please advise . i placed 100 shares @ 265
 
#6
hi,

the upper cut-off for Sasken IPO is 260. How you placed an order for 265.

In case of Book building IPOs, a retail investor is given an option to invest at cut-off price. If you have bid at cut-off it means that you are agreeing to purchase the shares at the price decided by the registrars of the issue. The price decided would be between the price band already published (230 to 260 for Sasken IPO). The price is decided based upon all the bids received during the IPO book building period. Usually, all the IPOs these days are getting heavily oversubscribed at the higher cut-off, so they should be charging 260 for the Sasken IPO.


prakashs43 said:
Hi Traderji,

i saw 3 bids for initial IPO .
if we enter all the three bids with different amount

for eg: sasken 100 @ 240
100 @ 250
100 @ 260

at what price will they issue ?

if we place order at cut off price , what amount do they charge usually ?

please advise . i placed 100 shares @ 265
 
Last edited:
#7
hi,
I had a bad experience on ipo on web .
last year ipo power trading corpn.was over subscribed hugely.
I received full refund in time but no allotment/refund advice from registrar.
what does this mean?
web broker has not submitted my money to ipo??

thanks

sharv.
 

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