A Handy Guide to Applying for an IPO

BusinessBrand StoriesA Handy Guide to Applying for an IPO

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The excitement around IPOs in 2024 is undeniable. With many new investment opportunities popping up, investors are eager to grab these chances for significant returns. This August, some notable IPOs like Ola Electric and FirstCry are set to make headlines.

As companies seek to raise capital and expand their operations, these IPOs present a unique chance for investors to be part of their growth story.

This guide will help you navigate the IPO application process, ensuring you don’t miss out on these exciting opportunities.

Why Invest in IPOs?

  • Growth Potential: Investing in companies at the early stages can lead to significant growth and returns if the company performs well after listing.
  • Diversification: Adding IPOs to your investment portfolio helps spread risk across different sectors and industries.
  • First-Mover Advantage: Investing early in a promising company can offer substantial benefits as the company grows and expands.

Upcoming IPOs in 2024

This year has been remarkable for IPOs, with nearly 82 launched so far. Impressively, 71 of these have listed with gains, providing investors with lucrative returns.

In August, several upcoming IPOs are opening for subscription, including Afcom Holdings, Unicommerce eSolutions, and the eagerly awaited Ola Electric, which opened on August 2, 2024, and closes on August 6, 2024.

Another highly anticipated IPO, Brainbees Solutions (FirstCry), will be open for public subscription from August 6, 2024, to August 8, 2024.

·       Ola Electric IPO Details

Price Band: ₹72-76 per share
Lot Size: 195 shares
Subscription Period: August 2, 2024 – August 6, 2024

Check out Ola Electric IPO now.

·       FirstCry (Brainbees Solutions) IPO Details

Price Band: ₹440-465 per share
Lot Size: 32 shares
Subscription Period: August 6, 2024 – August 8, 2024

Check out Brainbees Solutions IPO (FirstCry.com) now.

 What to Look for in a Broker for IPO Applications

  • Seamless Application Process: Choose a broker that offers a simple, user-friendly process, making it easy for even beginners to apply for IPOs.
  • Early Access: Look for a broker that provide early access to detailed IPO information and alerts, allowing you to make informed decisions ahead of time.
  • Swift UPI Payments: Ensure the platform supports UPI for fast and secure payments, making the application process quick and paper-free.
  • Diversify Your Portfolio: Select a broker that helps you diversify your portfolio by offering a wide range of IPO options, spreading your investment risk and enhancing potential returns.

How to Apply for an IPO

Applying for an IPO is quick and easy.

Head over to the broker’s website or download their trading app from the Android or Apple app store and follow these steps:

  1. Login to your trading account
  2. Choose ‘IPO’ from the menu
  3. Select the IPO you’re interested in and click ‘Apply’
  4. Enter the quantity (lot size)
  5. Enter your UPI ID to block the required amount
  6. Submit your application

Pro Tip: Keep an eye on market news and updates related to IPOs. Do read the RHP (Red Herring Prospectus) filed by the company.

Conclusion

Applying for IPOs is a smooth and efficient process, designed to give you the best chance at securing shares in promising companies like Ola Electric. With a user-friendly platform, quick account setup, and comprehensive support, IPO process can be fairly easy.

Ready to invest in the future of electric vehicles with Ola Electric? Visit your broker’s website today and apply for the IPOs that interest you

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.  

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