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IPO

What is an IPO?

An IPO (Initial Public Offering) is when a private company offers shares to the public for the first time to raise capital and get listed on the stock exchange.

How to Apply for an IPO on Firstock

  1. Log in to your Firstock account (app or web).
  2. Click ‘More’ > ‘IPO’ to view open IPOs.
  3. Choose an IPO and click ‘Apply’.
  4. Enter your UPI ID, select quantity (in lots), and price (if applicable).
  5. Submit and approve the UPI mandate in your UPI app to block funds.
  • Timing: Apply between 10:00 AM and 5:00 PM on trading days.
  • Fees: No charges for IPO applications via Firstock.

Checking IPO Status

  • Check application and allotment status using your PAN, application number, or DP ID on the registrar's, NSE, or BSE website.
  • Mandate Delays may happen due to incorrect UPI ID or peak traffic.
  • Approve mandates under “Pending Mandates” in your UPI app (like PhonePe or Google Pay).
  • If not allotted, funds are unblocked by the listing date.

Eligibility & Categories

  • You can apply under retail, employee, or shareholder categories, if eligible.
  • NRIs can apply using UPI-linked NRE/NRO accounts (if supported by the bank).

Other Key Info

  • No modification of application after submission. Submit a new application.
  • Lot size varies per IPO and is listed in the IPO prospectus.
  • SME IPOs can also be applied for via Firstock.
  • RTA (Registrar and Transfer Agents) handle application processing and refunds.

ASBA & UPI ASBA

  • ASBA: Blocks IPO amount in your bank until allotment.

UPI ASBA: Requires a UPI ID linked to a bank listed as an SCSB (Self-Certified Syndicate Bank). If shares aren't visible post-allotment, it could be due to sync delays between CDSL and Firstock, and they should appear by the listing date.

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    • For any complaints pertaining to securities broking please write to complaints@firstock.in for DP related to depository@firstock.in Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

    Attention Investors:

    Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.

    Prevent Unauthorized Transactions in Your Trading/Demat Account:
    Update your mobile number and email ID with your stock broker or depository participant. Receive alerts and information about your transactions on your registered mobile number/email for all debit and other important transactions in your trading/demat account directly from the Exchange/CDSL on the same day.

    KYC is a one-time exercise while dealing in the securities market.
    Once KYC is completed through a SEBI-registered intermediary (broker, DP, mutual fund, etc.), you do not need to undergo the same process again when approaching another intermediary.

    No need to issue cheques when subscribing to an IPO.
    Simply write your bank account number and sign the application form to authorize your bank to make the payment in case of allotment. There is no worry about refunds, as the money remains in the investor's account.

    Procedure to file a complaint on SCORES (Easy & Quick): Register on the SCORES portal and keep the following mandatory details ready: Name, PAN, Address, Mobile Number, and Email ID.

    Benefits: Effective communication and speedy redressal of grievances.{" "}

    Dear Investor,

    If you are subscribing to an IPO, there is no need to issue a cheque. Please write your bank account number and sign the IPO application form to authorize your bank to make the payment in case of allotment. In case of non-allotment, the funds will remain in your bank account. As a business, we do not provide stock tips and have not authorized anyone to trade on behalf of others.

    Important:

    Stock brokers can accept securities as margin from clients only by way of a pledge in the depository system w.e.f. September 1, 2020.

    Update your email ID and mobile number with your stock broker or depository participant and receive OTPs directly from the depository on your registered email ID and/or mobile number to create pledges.

    Check your securities, mutual funds, and bonds in the consolidated account statement issued by NSDL/CDSL every month.

    Disclaimer:

    The Stock Exchange, Mumbai, is not in any manner answerable, responsible, or liable to any person for any acts of omission or commission, errors, mistakes, and/or violations—actual or perceived—by us or our partners, agents, associates, etc., of any rules, regulations, by-laws of the Stock Exchange, SEBI Act, or any other laws in force from time to time.

    The Stock Exchange, Mumbai, is not responsible or liable for any information on this website or for any services rendered by our employees or representatives. Please refer to BSE compliance for more details.

    Investor Alert:

    Investors are requested to note that stock broker Firstock Broking Private Limited (Firstock) is permitted to receive/pay money from/to investors only through designated bank accounts, named as "client bank accounts."

    Firstock is also required to disclose these client bank accounts to the Stock Exchange.

    Hence, you are requested to use only the following client bank accounts for any transactions in your trading account with us. The details of these accounts are also displayed by the Stock Exchanges on their website under “Know / Locate Your Stock Broker.”

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