Alice Blue IPO Review - Charges, Easy Steps to Apply Online
Alice Blue Track Record Of Best Online Stock Broker In India
Aliceblue IPO Review
Aliceblue is a Bangalore based discount stock broker that is providing a range of financial services for the last 20 years. It provides services that includes stock and commodity trading at BSE, NSE and MCX.
It offers services to fulfill the needs of both types of customers, customers who trade online with minimum assistance from the broker and the customers who require timely and personal attention to their trading needs. A dedicated RM (Relationship Manager) is assigned to the customers who require the personalized assistance. The RM takes care of the customer’s need and works one point of contact.
Initial Public Offer (IPO)
IPO stands for Initial Public Offering. It refers to the set of stocks which a company sells to the public. By using IPO any private limited company becomes a public limited company. In this process, a company gets listed in the stock market where its stock begins to trade. Company offers IPO to trade their shares directly to the investors.
The private company brings IPO or sells their shares to raise funds for their upcoming projects, pay off the debts, sell promoters holding or simply receive the advantages of listing at the stock market.
For the investors, an IPO provides a great opportunity to buy shares of the company. The retail investors have the fixed quota in an IPO. This reservation increases the chance of gaining more shares of the company. Few retail investors use this reservation to buy IPO shares for listing gains only.
Apply in an IPO through Alice Blue
Alice Blue does not offer any Online IPO Application to its customers. Customers already having the Demat account with Alice Blue can apply in IPO's using the 'Net Banking' facility. This facility is offered by the bank to the customer having the bank account. Most of the banks like ICICI Bank, HDFC Bank, SBI Banks, Axis Bank, Kotak Mahindra etc. provides an option to apply for IPO shares online. The process to apply for an IPO through net banking is easy.
The customer needs access to net banking and their Alice Blue Demat Account detail at the time of applying for IPO Shares.
Once the allotment is done, the shares are credited in the customer’s Alice Blue Demat Account. The customer can either hold them or sell them from their Alice Blue Trading Account. The process of selling IPO shares is the same as selling any other shares from a trading account.
Step by Step guide to Apply in an IPO
Steps to apply in IPO's using net-banking are as follows:
1. Open the website of the bank where you have an account.
2. Log in to your net-banking account.
3. Visit at Online Investments > Invest in IPO' section of the website.
4. Choose the bank account from which you would invest in the IPO.
5. Confirm your details for the IPO application.
6. Then, select the IPO you would like to apply for.
7. Provide your demat account information that includes depository, DP ID, DP account and DP name.
8. Confirm the information and click on submit.
The customer will receive a confirmation from their bank for the application successfully submitted to the exchange by the EOD (End of the day).
In the next, the allotted shares (if any) are credited to the customer’s Alice Blue Demat Account. They will be available for sell on the day of listing of IPO shares.
The total amount for the IPO application remains locked in the bank account. As the allotment is done, the amount for which allotment is done is taken from the bank account. The remaining fund remains unlocked and available in the bank account.
Frequently Asked Questions
Demat account opening under Alice Blue is completely free.
Yes, you can place NRML orders in Alice blue.
MTM refers to Market-To-Market margin which covers the daily difference between the price of contract and its closing price on the day of purchase.
Certainly, Minor Demat Account can be opened with Alice Blue. In this case a legal guardian has to be appointed. Documents of legal guardians are required at the time of opening an account.
Yes, Alice Blue is a trusted stock broker. They have a big list of items to offer, and they serve their customer in most customer friendly manner.
There is no minimum balance requirement in Alice Blue trading account. Clients can add money in a trading account according to their need and extra money can be withdrawn as per the wish of the account holder.
Alice Blue has over 17 branches and 1000’s of franchise offices across India.
Soft copy of following documents are required in order to open an online account with Aliceblue: i. ID proof (PAN card) ii. Address proof (Aadhar card/Voter ID/Passport) iii. Passport size photo iv. Scanned signature v. Income proof (Bank statement of last 6 months/ ITR/ Last three months’ salary slip)
Alice Blue helpline number is 080-61575500/22174600.
No, it does not provide trading service on forex.
Yes, Alice Blue offers direct Mutual Funds through a dedicated online platform. There is no commission or brokerage charge on Mutual Funds.
Investing in Smallcase will attract a one-time flat fee of ₹ 100, apart from that usual brokerage charges will be applicable per transaction.
Basic Service Demat Account (BSDA) is a special category of Demat account which can be opened / held only by individual investors. It is available for holding a value up to Rs.50,000.
IPV refers to In-Person Verification, where the documents and client has to get verified by the broker personally while opening a trading and demat account. IPV can be done either through mobile Or Web camera. A video has to be recorded showing valid ID proof and client’s face during IPV process.
The size of file should be less than 5MB in JPEG, PDF or PNG format.
No, it does not provide any free tips.
eSign refers to digital signature. If client’s Aadhar card is linked with his mobile number, then he can virtually sign the documents through OTP.
No, it does not provide live market notifications and news.
The brokerage of Zerodha Max Rs.20 per trade while the brokerage of Alice Blue Max Rs.15 per order. Both the brokers are discount Brokers. Alice Blue provides more margin as compared to Zerodha.
It is a limited level of permission given to the firm by the traders in order to debit shares from the Demat account of trader whenever shares are sold. If a client is not willing to provide POA, then shares can be sold using CDSL TPIN mode. But this restricts the sell transaction to maximum of ₹ 1 crore per day. Moreover, it will result in limiting off-market transfer to ₹2 lakh per scrip and overall, ₹10 lakh per day. If the portfolio is above ₹ 1 crore and the client wish to sell more than ₹ 1 crore of stocks from his holdings in a day, he must provide POA.
Alice Blue does not provide a demo trading account.
No, it does not provide 3-in-1 account service.
It offers more than 15 additional products worth ₹ 3000 free of cost to enhance your trading experience.
Yes, it does provide combined ledger for both segments.
Transaction password is the password used while placing orders.
Yes, Alice Blue allows to trade in commodity.
Alice blue was incorporated in 2006 and is the fastest growing firm. It is a Bangalore based discount broker firm. Its minimum brokerage fees with maximum exposure makes it stand out from its competitors.
Indeed, the broker has designed a mobile app i.e. ANT mobi with a motive to provide better mobility to services it offers. This app is supported on android, windows and iOS platforms. It provides ease of trade from anywhere.
If eKYC is complete and Aadhar is linked to the mobile number, then the account can be opened instantly. In case, signed papers are sent to the broker, then it will take 24 hours to open the account once the documents are received.
3:15 PM is the Intraday square off time for Alice Blue.
Alice Blue Equity Options brokerage is Rs.15 per order.
Those who are willing to trade only in F&O (Equity, Commodity or Currency), Demat account is not required.
No, Alice Blue does not provide this feature.