Before discussing various details of, How to apply for Stove Kraft Ltd. IPO, it is important to cover basic details about the IPO.
What is an IPO?
An IPO refers to an Initial Public Offer, which is issued by a company for the first-time sale of its share. When a company announces its IPO, it means that the company is allowing the general public to buy its share. Hence The company is said to “go public” by announcing an Initial Public Offer.
Before issuing an IPO company refers to a Private Company and after the issue of an IPO, it becomes a listed company or says Public Company.
Why Companies issue an IPO?
Many people have question that why do companies do it and why companies have offer to buy its own shares?
Well, an IPO result in the loss of shares from the hands of its owners, promoters, etc and the general public buy those shares.
This helps a company to raised funds for its growth and the funds used in different areas like inventing a new product, paying debts of a company, starting a new project, etc.
and for Individual investors, IPO helps to become very rich by selling their shares and if shares not sold then they called owners of the company to the extent of share held.
How to apply for Stove Kraft Ltd. IPO?
Now come to the point,” How to apply for Stove Kraft Ltd. IPO Online through Demat a/c“? Let’s discuss how to apply for one.
How to apply for Stove Kraft Ltd. IPO- To apply for Stove Kraft IPO online, an investor has to open a Demat account/trading account with financial institutions that provide this facility. Most of the national Banks like ICICI, HDFC Bank, SBI, PNB, etc. and some popular stock brokers like Sharekhan, Angel Broking, etc. have the facility for Demat/trading a/c.
Once the account is open one should follow the below steps to apply online-
Security and Exchange Board of India (SEBI) has all the information about a company’s business plan on their prospectus. Go through it and decide which shares you want to buy.
On IPO date, the first login to your Demat a/c and select the IPO you wish to invest in.
Select the number of shares you want to apply for and the price at which you want to bid for (or you can use the cut-off option) and then press the submit button.
Select the UPI payment method and enter the UPI id linked with your Primary Bank.
Confirm the UPI AutoPay request from the UPI app.
Kudos! your IPO application will be submitted and sent to the company.
After submitting the application wait for the allotment date and check the IPO allotment status with your PAN no./application no. or with your DP Client ID.
It needs to remember that the allotment of shares always done on a pro-rata basis.
Now on allotment day, if the allotment is done to you then the shares will be credited to your Demat a/c and the money got debited from your Bank a/c.
How to apply for Stove Kraft Ltd. IPO using Upstox?
For this purpose, you can choose Upstox, where apply for an IPO is very easy and you can follow the below-mentioned steps-
- Visit Here
- Log in using your UCC Id and PAN Number
- Enter the birth year to verify your account.
- Click on apply for an IPO section.
- Click on the ‘Details’ button below the widget of the IPO you are choosing to apply for
- Use the details page to go through all the company-related details
- Click on the ‘Place Bid’ button at the bottom
- Enter your UPI ID and click on ‘Continue’
- Enter the lot size and your bid amount and click ‘Continue’
- Confirm the order
You will then see an order confirmation screen telling you whether or not your application was successful.
Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
Investment in the securities market is subject to market risk. Read all scheme related documents before investing.
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