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Geojit IPO Review 2024 | Charges, Details, Easy Steps to Apply Online

 
 
 
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Geojit Financial Services (IPO) Review - Charges, Easy Steps to Apply Online

Geojit Financial Services Limited is one of the popular and trusted full-service brokers of India, started giving their services since 1987. Geojit Financial Services Limited facilitates you to invest in almost all the national exchanges such as BSE, NSE, MCX and NCDEX. Geojit Financial Services Limited is one of the oldest full-service brokers of India offers online and offline facility to open 2-in-1 account i.e. demat and trading account. As a proud member of SEBI, NSDL and CDSL, Geojit allows you to invest in equity, derivative, commodity, mutual funds, currency and IPO. Geojit Financial Services charges affordable and reasonable brokerage on equity, derivative, commodity, mutual funds, currency and IPO.
Geojit Financial Services Limited offers free research & advisory services to their clients around the world as it aims to provide best customer services at affordable cost. Customer can find all Geojit Financial Services Research report and Geojit Financial Services latest news on its official website. With the help of Geojit financial services news, customer can get more profit. Geojit offers very attractive and handsome margin/exposure to their clients through which one can trade more and buy unaffordable shares. Geojit offers many advanced trading software or platform which are accessible in mobile and desktop both. Geojit Financial Services Products offers online IPO services so that you can own a part of your favourite companies and in this way, you can enhance your financial assets drastically. You should have a trading and demat account on Geojit Financial Services Review Limited to avail this beneficial service.

What is an IPO?

IPO stands for Initial Public Offering which refers to the process of offering shares of any corporation to the public and in this way, a private limited company or corporation becomes public limited. Any company used to reserve some shares to the employee of the company while issuing an IPO. After getting approval from SEBI, any company can issue an IPO to raise the capital from the public to fulfill the corporate purposes of the company or for the payment / repayment of company’s borrowings. IPO is a very effective method by which any company can raise capital to enhance their business processes.

Geojit Financial Services IPO Review

Geojit Financial Services Ltd Reviews provides hassle free online IPO application facility on its platform. All the information regarding IPO is available on broker’s official website and mobile application i.e. on SELFIE Mobile, SELFIE Platinum and SELFIE Web. Retail investors can apply for an IPO of up to 2 lacs via UPI payment.
Benefits of applying for an IPO via Geojit Financial Services NSE Limited:
• Easy e-IPO application process.
• Online and offline support available.
• Apply in the IPO as per your choice.
• Get research report on upcoming IPOs.
• Safe and secure platform.
• Both ASBA and UPI mode of payment accepted.

How to apply for an IPO via Geojit Financial Services Financials Limited using UPI?

Follow the below steps to apply for online IPO by using Geojit website or mobile application:
1. Log in to Geojit account by using website or open Geojit mobile application.
2. In the home page, click on ‘Financial Planning’ and click on IPO.
3. Check the upcoming IPOs list and select an IPO you wish to apply.
4. Fill the bid details, UPI ID and submit.
5. Accept the mandate request after checking application details.
Note:
• By accepting the mandate request that particular amount will get blocked by your bank.
• If you get those IPO shares on the day of IPO allotment then that blocked amount will get debited form your bank account and shares will get transferred to your demat account.
• If you do not get those IPO shares on the day of IPO allotment then that blocked amount will get released to your bank account.

How to apply for an IPO via Geojit Financial Services Limited using ASBA?

Follow the below steps to apply for an IPO by using ASBA facility:
1. Log in to your bank’s Net Banking account and open investment section.
2. Click on ‘Invest in IPO’.
3. Select an IPO you wish to apply.
4. Enter your Geojit DP ID, PAN number.
5. Fill the Bid details and submit.
Note:
• After submitting the form, that particular amount will get blocked by your bank for IPO.
• If you get those IPO shares on the day of IPO allotment then that blocked amount will get debited form your bank account and shares will get transferred to your demat account.
• If you do not get those IPO shares on the day of IPO allotment then that blocked amount will get released to your bank account.


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Frequently Asked Questions

Yes, Geojit offers you to invest in Sovereign Gold Bond which is far better than investing in physical gold bond.
Exploitation of the price discrepancies seen in different exchanges or in the spot market result is the making profit by entering with the opposite positions of the same contract.
• Form A2 is required along with a declaration form: As per the FEMA rules and regulations, form A2 is required every time to declare the amount that is to be transfer abroad. Within the LRS fillings, your bank will file this for you and Stockal automatically fills this for you, only you need to check that all the information is correct or not after that download the filled-in-form, sign and upload it again for your bank to file. • PAN card, address proof.
Currently, Geojit Financial Services Limited does not provide the facility of Algo Trading on its platform but we will update you once the broker will start the algo trading facility on its platform.
Yes, Geojit Financial Services Limited offers free research and recommendation services to their clients.
Yes, Portfolio Management Services (PMS) are available in Geojit Financial Services Limited platform.
Yes, Geojit offers After Market Order (AMO) facility on its platform.
Yes, you can apply for any IPO by using Geojit platform and you will get the information about upcoming IPOs, IPO opening & closing date, allotment date, face value, equity share price, company’s background & financial assets etc. on this platform.
Hedging is considered as a risk management strategy in which trader used to take equal and opposite position in futures market to avoid the risk of loss due to fluctuation in prices in the share market.
You can invest in US market by using Geojit platform, you need to open ab account on Geojit, powered by ‘Stockkal’. Your brokerage account will be created with Geojit’s US partner for clearing services ‘DriveWealth’. After document verification, it will take 2 business days to open your account. After opening your account, you need to transfer money into your brokerage account from your domestic account and now you can invest in US stocks. You can also take the extensive research and support available on the platform.
Yes, NRIs are allowed to trade in share market by using Geojit platform. You need to open NRI demat & trading account on Geojit which is a very easy process.
No, short selling is not permitted under Margin Trading Funding (MTF) whereas you can buy in MTF and sell on the same day itself.
No, Geojit Financial Services Limited only offers 2-in-1 account to resident Indians and NRIs i.e. Geojit demat & trading account and Geojit NRI demat & trading account.
Debenture is a kind of bond issued by a company with no collateral. It is a type of debt instrument which has a term usually greater than 10 years and backed only by creditworthiness and reputation of the issuer.