How to Apply for IPO Under Employee Quota Online? 3 Easy Steps.

If any IPO contains an Employee quota then they give some relaxation for their employees. Might be they provide some discount to their employes or they have higher chances of getting an allotment.

In this article, we are going to learn how to apply for IPO under the employee quota online. mainly IPO divided into the following categories.

  • QIB- Qualified Institutional Bidders
  • NII – Non-institutional bidders
  • RII – Retail Individual Investor
  • Employee

Table of Contents

How to Apply for IPO Under Employee Quota Online

To apply for IPO Under the Employee quota is as easy as applying for other categories. The only method to apply for IPO Under the Employee quota is Application Supported by Blocked Amount (ASBA).

You can not apply with a normal UPI mandate.

What’s ASBA?

Application-Supported by Blocked-Amount (ASBA) is a simple and easy methodology to apply for IPOs. If you make investments by ASBA, the funds are blocked in your account for the IPO. 

If you get an allotment of a particular IPO then blocked fund automatically debit from your bank account. The blocked fund is automatically released in your bank account if you don’t get an IPO allotment.

Most of the Nationalised banks like SBI, HDFC Bank, ICICI Bank, and more. Here is a complete list of ADBA supported banks.

Read more about how to apply for the retail Category?

If you want to apply with ASBA then you have to go with any nationalized bank net banking. In this post, we will take the example of SBI Online net banking.

Step 1: Log in to your internet banking.

Apply for IPO Under Employee Quota Online

Step 2: Go to e-Services. Then click on Demat Service and ASBA.

Apply for IPO Under Employee Quota Online

Step 3: Then click on IPO service.

How to apply for IPO in India

Step 4: Accept certain conditions.

Apply for IPO Under Employee Quota Online

Step 5: Then jump to the Category selection page and select the category as an employee.

Apply for IPO Under Employee Quota Online

Step 6: Fill in the required information. Select cutoff price.

Apply for IPO Under Employee Quota Online

Finally, click on apply. And you successfully Apply for IPO Under Employee Quota Online. This process may vary from bank to bank. But the logic of subscription may remain the same.

Hope you find this article helpful. Don’t forget to share this with your friend who needs this.

Happy investing!

Also Read:

Things to Check before Applying for IPOs

How to Increase Chances of IPO Allotment?

What is GMP in IPO?

Yadav Patle
Yadav Patle

Hello, I am Yadav Patle. Civil Engineer by education. Stock market investor. I can guide you to start investing in a very simple language. Want to know more click here.

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