An Initial Public Offering (IPO) offers an attractive opportunity to buy shares of a company before it gets listed on the stock exchange. With the MO Riise app by Motilal Oswal, the entire process becomes simple, secure, and hassle-free. Backed by the legacy of Motilal Oswal, a SEBI-registered public entity serving more than 40 lakh investors and traders, the app simplifies the IPO application process for all individuals.
Keep reading to understand how to apply for an IPO using the MO Riise app.
Log in to the app
To buy and sell shares post-IPO listing, you should ideally open a demat account. MO Riise enables you to set up a demat account in just 15 minutes with a 100% digital process. Once done, enter your mobile number and One-Time Password (OTP) to log in.
Go to the IPO section
Navigate to the bottom menu on the home screen and click on “More.” Select “IPO” from the list of options.
Choose an IPO
In the IPO section, you will see two categories, “Current IPOs” and “Upcoming IPOs”. The current IPOs are open for bidding, while the upcoming ones are scheduled for future dates. The “Pre-Apply” feature lets you apply early for upcoming IPOs.
Select the IPO that piques your interest and go through its details like:
- Price range
- Issue size
- Bidding dates
- Face value
You can download the Red Herring Prospectus (RHP) to study the company and its IPO in more detail. It includes vital data about the company’s activities, finances, management background, risk factors, fundraising objectives, etc.
Select the investor category
Choose the category under which you are applying. The available options include:
- Retail investor
- Policyholder
- Employee
- High-Net-Worth Individual (HNI)
Selecting the right category is crucial because allotment rules and investment limits differ for each investor group.
Enter the bid details
Decide how many lots you wish to apply for. Each lot contains a fixed number of shares (e.g., 1 lot = 800 shares), and the total investment amount will depend on the price band and the number of lots you select.
Enter the Unified Payments Interface (UPI) ID linked to your bank account. Next, read and accept the terms and conditions, after which your application will be submitted.
Approve the UPI mandate
After submitting the IPO application, your banking or UPI app will receive a mandate seeking permission to block the required funds. This money isn’t debited immediately. It simply remains on hold until the IPO allotment process concludes.
Check the allotment status
After the IPO bidding period is over, the allotment process starts. If your bid is successful, the reserved amount will be deducted from your account, and the shares will be reflected in your demat account on the listing day. You can then choose to sell for quick profits or hold them for long-term growth. If you don’t get an allotment, the blocked amount will be refunded in full.
You can check your allotment status under “Your Orders” in the IPO section of the app.
Apply for an IPO today!
The MO Riise IPO app simplifies the entire IPO process and makes it quick and hassle-free. You get all the critical tools to research, apply, and track your IPOs at your fingertips. Within the app, you can find financial details like revenue, total assets, and profit insights for each company. Moreover, live updates keep you informed about allotment dates, post-listing performance, and market demand.
Don’t miss out! Explore and apply for IPOs now!