Are there any charges to apply for an IPO through Geojit?
No, there are no charges to apply for an IPO through Geojit. Investors can apply for an IPO without paying any fees, as the application process does not involve brokerage or transaction costs, and funds are only debited if shares are allotted.
IPO (Initial Public Offering) means when a private company sells its shares to the public for the first time and gets listed on a stock exchange (like NSE or BSE). Applying for an IPO (Initial Public Offering) through MyGeojit is generally simple and does not involve any additional charges or fees.
How IPO Payment Works?
When you apply:
- The application amount is blocked in your bank account.
- Money is not deducted immediately.
- Funds are only deducted if you get the allotment.
- If you don’t get shares,
- Money is automatically unblocked.
- No charges, no loss.
IPO Listing Timeline in India (T+3 Process)
- Day 0 (T): IPO closes
- Day 1 (T+1): The registrar finalizes the allotment
- Day 2 (T+2): Refunds are initiated for non-allottees. ASBA/UPI funds are unblocked in your bank account.
- Day 3 (T+3): Shares are credited to Demat accounts of allottees. The stock gets listed on the exchange. Trading begins
Ways to apply IPO in Geojit:
- The e-IPO facility on MyGeojit
- via Flip
- The net banking ASBA facility provided by your bank
- Telegram
Please Note : While applying for an IPO is free, normal charges such as brokerage, STT, GST, and DP charges apply when you sell the shares after listing.
FAQ
- When will my funds be unblocked if I do not receive allotment for an IPO?
- How Does IPO Allotment Work When It's Oversubscribed?
- What are the timings to place an IPO bid?
- Can I participate in SME IPO through Geojit?
- How can an NRI apply for an IPO?
- What is the cut-off price for an IPO?
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