Upcoming IPOs are investment opportunities that are set to launch soon. Once an IPO is available for subscription, you can apply for the same 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.
Your application will be successfully submitted upon completion.With the rising interest in the upcoming IPO market, investors are actively seeking opportunities to gain early access to high-potential companies. IPOs help businesses raise capital and expand, making them attractive investment opportunities. Online applications and the (ASBA) mechanism have streamlined the process.
FAQ’s
What steps should I take to prepare for an upcoming IPO?
To prepare for an upcoming IPO, start by researching the company's financials, industry trends, and market conditions. Read the Draft Red Herring Prospectus (DRHP) to understand the company’s objectives and risks. Ensure you have a Demat account and sufficient funds in your bank account to apply. Staying updated with IPO online announcements can help you track potential investment opportunities early.
Is there a minimum and maximum amount I can invest in an IPO as a retail investor?
For retail investors, the minimum investment in an IPO application is usually one lot, which can range from ₹10,000 to ₹15,000, depending on the price band. The maximum investment allowed under the retail category is ₹2 lakh per IPO. If investors want to apply for more, they must apply under the high-net-worth individuals (HNIs) category.
Do I need a Demat account to apply for an IPO?
Yes, a Demat account is mandatory to hold IPO shares electronically. Without it, you cannot apply for an IPO online since shares are credited directly to the investor’s account post-allotment.
Is it wise to invest in every IPO that comes to market?
Not necessarily. While some IPOs generate high returns, others may underperform post-listing. It is crucial to analyse the company’s financials, industry outlook, and competitive position before investing. Some IPOs might be overvalued, and poor market conditions can impact performance, leading to losses for investors.
Do IPOs always guarantee a profit upon listing?
No, investing in an IPO coming to the market does not guarantee profit. While some IPOs deliver significant listing gains, others may trade below their issue price. The stock’s long-term performance depends on the company’s fundamentals, management, and overall market sentiment. Thorough research is crucial before investing.
Where can I find the start date of an upcoming IPO?
The IPO section of stock exchanges, brokerage firms, and financial news portals provide details on future IPOs, including start dates. Investors can also check SEBI’s website or their broker’s platform to stay updated on new upcoming IPO listings and key dates related to applications and allotments.
Can I modify or cancel my IPO application after submission?
Yes, investors can revise or cancel their IPO application before the bidding period closes. This can be done through the online platform where the application was placed, such as a bank or broker’s portal. However, once the IPO subscription period ends, modifications or cancellations are no longer possible.
What is the process to subscribe to an IPO?
To invest in an IPO, log into your brokerage or bank’s online platform and navigate to the IPO online section. Select the IPO, enter bid details, and apply using the Application Supported by Blocked Amount (ASBA) method. Ensure sufficient funds in your bank account, as the amount will be blocked until allotment.
How can you apply for an IPO using the Quick Order Pad feature on Torus Digital?
You can apply for an upcoming IPO via Torus Digital’s Super App, with the exclusive Quick Order Pad feature making the process faster and easier for retail investors. Step 1: Log in to the Torus Digital mobile application using your 4-digit PIN or biometric authentication. Step 2: You can apply for an IPO by clicking directly on the IPO section or by selecting the IPO category in the "Dashboard" under the "Our Products" tab. Step 3: Under the "Open" tab, enter the IPO details (quantity, cutoff price, lot size, and UPI ID) for the IPO you want to apply for. Step 4: Validate your UPI ID and click on “Apply” to successfully submit your application.
What are the steps involved in applying for an IPO through the Main Order Pad on Torus Digital?
You can apply for an upcoming IPO via Torus Digital’s Super App through the steps given below: Step 1: Log in to the Torus Digital mobile application using your 4-digit PIN or biometric authentication. Step 2: Tap on the IPO card you wish to apply for. Step 3: You’ll be redirected to the IPO details page. Click on "Apply" to go to the Main Order Pad. Step 4: On the Main Order Pad, you can enter up to three bids with lot size, investor type, quantity, and price. Step 5: Enter your UPI ID and tap "Apply" to complete your payment. Your application will be successfully submitted once completed.
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