An Initial Public Offering (IPO) presents a great opportunity to invest in a company before it gets listed on the stock exchange. With the MO Riise stock app by Motilal Oswal, applying for an IPO is now easier, faster, and more secure. Powered by Motilal Oswal, a SEBI-registered financial entity serving over 40 lakh investors, this platform streamlines the entire IPO application process.
Here’s how you can apply for an IPO using the MO Riise app:
Step 1: Log in to the App
Before you start investing in stocks, it is advisable to open a demat account. The MO Riise stock app enables you to set up a demat account in just 15 minutes with a fully digital process. Once your account is active, log in using your mobile number and One-Time Password (OTP).
Step 2: Navigate to the IPO Section
From the home screen, tap on "More" at the bottom menu and select IPO.
Step 3: Browse and choose an IPO
The IPO section is divided into:
Current IPOs – Open for bidding
Upcoming IPOs – Scheduled for future dates
The app also features a Pre-Apply option that allows early applications for upcoming IPOs. Before proceeding, review details such as:
- Price range
- Issue size
- Bidding dates
- Face value
For a deeper understanding, download the Red Herring Prospectus (RHP), which includes company insights, financials, management details, risk factors, and fundraising objectives.
Step 4: Select Your Investor Category
Choose the appropriate category for your application:
- Retail Investor
- Policyholder
- Employee
- High-Net-Worth Individual (HNI)
Each category has different allotment rules and investment limits, so ensure you select the right one.
Step 5: Enter Your Bid Details
Decide on the number of lots to apply for, keeping in mind that:
· 1 lot = A fixed number of shares (e.g., 800 shares per lot)
· The total amount depends on the price band and lot size
Enter your UPI ID linked to your bank account, accept the terms and conditions, and submit your application.
Step 6: Approve the UPI Mandate
Once you submit the IPO application, your banking or UPI app will send a mandate request to block the required funds. These funds remain on hold until the IPO allotment process is completed.
Step 7: Check Your IPO Allotment Status
Once the bidding period ends, the IPO allotment process begins.
· If you receive an allotment, the blocked amount will be deducted, and shares will be credited to your demat account on listing day.
· If you don’t get an allotment, the blocked funds will be refunded in full.
To track your allotment status, visit the Your Orders section in the IPO section of the MO Riise stock app.
Start Investing in IPOs Today!
The MO Riise stock app makes IPO investing effortless by providing all the necessary research tools, real-time updates, and financial insights at your fingertips. From tracking stocks to applying for an IPO, this app is your one-stop solution for stock market investments.
Don’t miss out! Explore and apply for IPOs today!