Applying for IPOs

How to apply for an IPO from a corporate account via ICICI Direct

At ICICI Direct, you can apply for an IPO if your Corporate/partnership account belongs to any of the following categories:

- Private Limited, Public Limited, Trust, Body Corporates, Partnership registered, Partnership unregistered, Limited Liability Partnership.

Here are the steps to apply for an IPO from a Corporate Account:

1. Login to your ICICI Direct trading account

2. Navigate to the IPO section on the website or mobile app.

3. Select the IPO you wish to apply for from the list of open issues.

4. Go through the disclaimer and accept to proceed.

5. Corporate accounts can only apply with a bid amount of more than 2 lakhs (unless you are applying in the shareholder category) and hence, HNI category (>2 lakhs) will be auto selected.

6. Select any one of the exchanges - NSE/BSE

7.Enter the bid details:

a. Bid quantity (number of shares)

b. Bid price (a specific price within the price band). If you are bidding at multiple prices, use the Add Bid option to enter additional bids

8. Review the bid details carefully and confirm your IPO application.

9. Track the status of your IPO application under the IPO Order Book section.

Please note:

- Your IPO Application bids may be routed to another exchange in case there are issues in forwarding the bids to your chosen exchange.

- Orders once placed cannot be cancelled or revised to a lower bid amount. Upwardrevision is allowed once your order status is executed.

- As per new SEBI guidelines, corporate accounts must apply for a minimum of 3 lots in SME IPOs.