Summary: How to apply for IPO (Hyundai IPO) online best 5 tips to secure allotment chances. ₹363 GMP of Hyundai Motor IPO, Etc.
It’s a very good news that after LIC, India’s 2nd biggest Hyundai IPO is knocking at the door. From the researchers’ sources, it is clear that in less than 45 days this IPO will open to bid with a promising IPO GMP (Grey market premium). But, allotment for this IPO shares will not be easier. Considering the difficulty in IPO allotment that an IPO applier faces, we focus on the best 5 tips on how to apply for Hyundai Motor IPO so that we can 100% secure our allotment chances.
5 Best tips How to Apply for IPO for 100% allotment chances
Indian IPO market is booming day-by-day. Millions of investors apply for IPO but a few get allotment. Applying is not difficult but get allotment is much more difficult.
Quota for Investors:
| QIBs (Qualified Institutional Buyers) | 50% reserved |
| NII | 15% reserved |
| Retail | 35% reserved |
5 tips to follow to apply for Hyundai IPO
- First decide whether you are going apply through UPI or Net banking.
- Submit IPO Application at least 3 hours ago of closing.
- Accept mandate at least 30 minutes ago of closing.
- Always apply at the ‘Cut-Off’ price (Maximum offer price)
- Apply for minimum 2 lots.
5 points not to do while applying Hyundai Motor IPO
- Don’t apply using the same PAN number from different Demat accounts.
- Don’t apply through both UPI and ASBA (Net Banking).
- Don’t re-apply on the same time after cancellation
- Avoid last time rush
- Maintain below the applied amount in your bank account
If you follow these 10 points, your allotment chances will definitely increase.
How to apply for IPO
- Step 1: Must have a Demat accout
- Step 2: Must have UPI ID or Net Banking facilities
- Step 3: Must have minimum bank balance of ₹ 15,000 or more.
When one applies for an IPO, he has two options 1) )Online 2) Offline. Online is the easiest way to apply for an IPO and we discuss about this.
First steps to apply for IPO online
- If you don’t have a demat account, open your demat account as soon as possible
- If you don’t have a UPI address, create one.
- Check your savings bank balance and the amount must be above 15 thousand rupees.
Steps to apply for IPO with brokers’ app or website
- Open you broker’s app or website and login your account.
- Find IPO tab and click
- click on the IPO you want to apply for
- Click on ‘Apply for IPO button
- Select category Regular/HNI/Employee, Etc.
- Choose Lot size (Maximum 13 Lots for Regular investors)
- Add bids if you want
- insert your UPI ID and click verify
- Click on ‘Apply’ button and Done.
- Open your UPI app and accept the mandate.
A UPI mandate to block fund will be sent and you have to approve the mandate before 4:50 Pm on the last day.
You can apply for IPO any time from your broker’s app or website before closing date and time, But approve mandate between 10 AM and 4: 30 PM. If you are not allotee your blocked fund will be unblocked.
How to Apply for IPO through Net Banking ASBA
- Login your Net banking/personal banking account
- Go to invest/investment tab in your dashboard
- Click on Register as ASBA if you are first time user.
- Insert your unique BOI ID or Client ID
- Insert your PAN number
- Choose savings account number
- Choose CDSl
- And your ASBA registration completes here.
- Now go to IPOs
- Select IPO
- Click on Apply now
- Add bids
- and Apply for IPO.
It’s said that Applying through Net Banking is safer than UPI.
If you apply through ASBA, your application will not reflect in your demat account. But, if get allotment, IPO shares will be credited in your demat account before listing.
About Hyundai Motor India Limited IPO
Offer Price: Announcement soon
Opens on: Date will be announced soon
closes on: Date will be announced soon
Latest GMP of Hyundai IPO:
LIVE Subscriber: NSE
Learn What are the 10 Weak points of Hyundai Motor India IPO.
Disclaimer: All the information provided above about ‘How to apply for Hyundai Motor IPO’ is for only informational and educational purpose only. Invest in stock market is subject to market risk so, always invest at your own risk and after your own research.
Hi, I’m Avishek, a passionate stock market enthusiast turned full-time investor. With my 3+ years of experience in the Indian and Global markets, I’ve developed a keen eye for potential winners. My portfolio includes successful allotments in IPOs from NYKAA, Bajaj Housing Finance, Waaree Energies Ltd, and more. I have never lost money in the stock market. Through this blog, I will provide all the information here.