Flattrade IPO Review
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Flattrade Trading IPO Review
Flattrade Trading Corporation is a Chennai-based discount stock broking company. It was incorporated in 2004. It is one of the fastest growing financial brokers. It is an expert in providing the least brokerage to its customers. It provides a robust customer support operation to its customers with extremely competitive prices. It helps in dynamic trading by providing innovative brokerage solutions to the customers. It also provides the online Investment platform for Wealth Management through Mutual Funds to the individuals and corporate and exemplary customer services at extremely competitive prices.
Initial Public Offer (IPO)
IPO refers to the first sale of shares through which a private company sells its shares to investors. These investors could be retailers, institutions and non-individual investors. The companies go public to raise funds through IPO for working capital, debt repayment, acquisitions and a host of other users. The end stage of IPO process is listing of the company shares at one or more stock exchanges. Companies raise funds from investors for future projects through this IPO process.
An IPO application form has to be filled by the investor in order to apply for IPO stocks. It’s an opportunity for the investors as they get a chance to buy part of the company in the initial stage. IPO is also used by investors for quick listing gains by selling the share just after they start trading.
Procedure to Apply for IPO Online
1. Log-in to your net banking account using the website of your bank.
2. Click on the apply for an IPO option which will be found in the Investments/Demat section.
3. Fill the FLATTRADE Demat account details with the bank account details to complete the process.
4. After verifying successfully, you will be directed to choose the IPO you want to invest in.
5. After selecting the IPO, enter the “Number of shares” and the “Bid Price”.
6. A confirmation will be received on the registered details when your bid is successfully confirmed by your bank.
Requirements to Make Investment in an IPO
In order to make IPO investment you need to have:
• Bank account with Self-Certified Syndicate Bank.
• Depository account with FLATTRADE.
• Trading account required to hold shares.
Frequently Asked Questions
No, there are no AMC charges of the Flattrade Trading and demat account.
The superior trading platforms and affordable pricing models are the unique factor of Flattrade Traders.
The customer can place many orders in Flattrade such as Market Orders, Limit Orders, Stop Loss Orders, After Market Orders (AMO), etc.
They offer the stock broking services as they can have any of account types that they offer like Depository Participant (Demat Account), Commodity Trading, Equity Trading, Derivatives Trading, Currency Trading and Mutual Funds.
The stock broker was founded in 2004 and the company is held privately and is led by Mr. K. Narayana Moorthy. He is a highly experienced and well-known spot bullion trader.
Yes, Flattrade allows the dematerialization.
The Flattrade trader has two legal entities under its brand with Flattrade Trading Corporation. It renders services for Commodities trading, and Flattrade Capital Service Private limited.
The brokerage charged for Intraday and Delivery is ₹10 per order.
The communication channel by which the stock broker reach out to its customers are through call, offline branches, Email and Web-form. The customers need to contact the stock broker between 8 AM to 8 PM i.e. during their office hours.
It offers stock broking services in Commodity, Equity, Derivatives, Currency and Mutual Funds.
The customer will get the exposure for trading within 3 to 4 minutes of fund transfer from the account. It is an automated process and no manual intervention is required.
It makes transactions secure by sending the information about the account activities on the phone directly from the exchange.
They have six branches which are located in Chennai, Bengaluru, Telangana, Cochin, Madurai and Jabalpur.
You can do this simply by accessing the order page (on trading terminal) where you have the option to cancel or modify order.
The office of Flattrade trade opens from 8 AM to 8 PM from Monday to Friday, 8 AM to 5 PM on Saturdays and remains closed on the Sunday.
Since Mutual funds investments are subject to the market risks. There is no guaranteed or assured rate of return.
No, you are not required to issue cheques by the investors while subscribing to IPO. Customer need to write their bank account number and sign in the application form in order to verify the bank account to make transactions.
Yes, Flattrade traders provide investors with infrastructure, facilities and services that are complicated for them to achieve their short- and long-term business objectives.
They offer the dedicated relationship manager for the trading and wealth management, dealer terminal at the office or premises, reliable support and management processes, online product or investor terminal to partner’s clients at no additional cost.
Yes, the transactions are secure as Flattrade make transactions secure by sending the information about the account activities on your phones directly.
Zero or no initial margin amount is required to start trading with Flattrade.
It has a registered office location at “Kochar technology Park”, 6th Floor, SP 31- A, 1st Cross Road, Ambattur Industrial Estate, Ambattur, Chennai.
Yes, Flattrade traders provide brokerage calculator for its customers so that they can determine the profits easily.