How to Apply for Current IPOs?
The Current IPOs section features companies that are now open for IPO subscriptions, allowing users to purchase shares for the first time. You can apply for ongoing IPOs on Torus Digital App by following the simple steps below: Step 1: Log in to the Torus Digital mobile app using your 4-digit MPIN or biometric authentication.
Step 2: Select ‘IPO’ from the ‘Our Products’ section or simply click on the IPO icon at the bottom right corner.
Step 3: Navigate to the ‘Open’ tab and select the IPO you wish to apply for from the list of available options.
Step 4: Click on the ‘Apply’ button and enter investor type, quantity, and price.
Step 5: Enter your UPI ID and tap on ‘Apply’ again to process the request. Complete the payment on your selected UPI platform.
What does a Current IPO mean?
A Current IPO refers to an Initial Public Offer (IPO) that is open for subscription, allowing investors to buy shares of a company before it gets listed on the stock exchange. It offers an opportunity for retail investors, institutional buyers, and mutual funds to become early stakeholders. Checking the current IPO list helps investors track ongoing IPOs and plan their investments accordingly. By staying updated on the latest IPO announcements, investors can assess the current IPO landscape and strategise their investments for better returns.What is the process of investing in a Current IPO?
When a company goes public, it issues IPO shares through a process called book building, where a price range is set. Investors can place bids within this range to secure their stake. Once the IPO closes, the company finalises allocations through the IPO allotment process, crediting shares to investors' Demat accounts. To participate, one must open a Demat account, fund their bank account, and submit an IPO application online. Investors can also track new IPO today listings to stay updated on the latest market opportunities and make timely decisions.