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This website is purely ACADEMIC in nature and NOT a stock market recommendation service or a tip provider. No live data or feeds are provided and all information is historic only. Information is provided for ease of understanding for the purpose of learning. Accuracy of definitions etc is not mantained. I am not a SEBI or IRDA registered.
Applying for IPO from SBI Internet Banking
Before you begin to read this page, read the lesson that gives you an introduction to Initial Public Offer (IPO).
Login to your SBI Internet banking
Click on eServices in the top menu bar
On the left menu, click on Demat and ASBA Services
They will show you agreement terms.. click on Accept button
You will see the list of IPOs that are currently open
You will notice Central Depository Services that is currently open
Click on the radio button
Then click on Go button to go to the next step
It will show u an undertaking about the IPO
Click on Accept to continue to the next screen
The Details of the Issue will be shown
On that page, at the bottom part, you will notice Enter the following details
In the Select Category, select Employee
See if Applicant Name is enabled or not
If it is not enabled, it means u have to enable for that option in SBI Profile
To do this, click on Profile link in the top menu
Click on Manage IPO Applicant
It will ask for Profile Password. This is different from your net banking password.
After u enter to the Profile password, you will be allowed to enter the name of the IPO Applicant
Enter the IPO Applicant same as in your Zerodha Demat
After this step is done, return back to the IPO (Equity) - ABSA Page
Now you should be able to see the Applicant Name
Enter your PAN Card Number
Re-enter the PAN Card number in the next field
Select NSDL or CDSL depending on where your demat is located (you can get this details from Zerodha Contract notes or even from your Kite Login)
In Bid 1, tick mark the check box Cut Off Price
Enter Quantity.. (For CDSL IPO it is in multiples of 100)
Click on Submit Button to complete the process