To purchase IRCTC IPO (Initial Public Offering) online, you can follow the steps mentioned below:
- Open a Demat account: To purchase shares in the IPO, you need to have a Demat account. You can open a Demat account with a stockbroker of your choice.
- Check the IPO details: Check the IRCTC IPO details such as issue date, price band, lot size, etc. This information is available on the official website of the stock exchange where the IPO is listed.
- Apply for IPO: Once you have opened a Demat account and checked the IPO details, you can apply for the IPO online. Most stockbrokers offer online IPO applications. You need to log in to your account and fill the application form with your details such as name, address, PAN number, bank account details, etc. You also need to select the number of shares you want to apply for.
- Payment: After filling the application form, you need to make the payment for the IPO. You can make the payment using Net Banking, UPI, or through ASBA (Application Supported by Blocked Amount).
- Confirmation: After making the payment, you will receive a confirmation message on your registered mobile number and email ID.
- Allotment: Once the IPO is closed, the shares are allotted to the applicants based on the number of shares they have applied for. The allotment status is usually available on the stock exchange website after a few days.
In conclusion, purchasing IRCTC IPO online is a simple process. You need to have a Demat account with a stockbroker, check the IPO details, fill the application form, make the payment, and wait for the allotment.