When it comes to applying for an Initial Public Offering (IPO), one of the most common ways to apply is through an IPO application form. This form is available for download on stock exchanges such as (Bombay Stock Exchange) BSE and (National Stock Exchange of India Limited) NSE.
You can either download a BSE IPO form or an NSE IPO form depending on your preference. Exploring how to download IPO application form from these platforms, the steps involved, and other essential details.
Steps to Download IPO Application Form from NSE
The NSE IPO application form is essential for retail investors who wish to apply for shares in upcoming IPO listings. Below, we explain the step-by-step process to help you download the IPO application form from the NSE ASBA e-forms page. This process is user-friendly and straightforward, designed to make your IPO application process seamless.
Step 1: Visit the NSE ASBA e-Forms Page
The first thing you need to do is go to the NSE ASBA e-forms page. ASBA stands for Applications Supported by Blocked Amount, a system that allows you to apply for an IPO while keeping your funds safely blocked in your bank account until the IPO is allotted.
Example: Let’s say you’re interested in applying for the XYZ IPO. To start, visit the official NSE website and navigate to the ASBA IPO e-forms section.
Step 2: Select the Desired IPO from the List
Once you’re on the NSE ASBA e-forms page, you will see a list of upcoming IPOs. Here, you need to select the IPO you want to apply for. When you click on the IPO name, its Issue Details will pop up below the list.
Example: If you want to apply for the XYZ IPO, click on “XYZ IPO” from the list, and the details about the issue will appear, such as the IPO price range, issue size, and opening and closing dates.
Step 3: Click on the “Blank Application Form Download” or “Bid-cum Application Form”
Next, you will be given two options to download the IPO application form:
- Blank Application Form Download
- Bid-cum Application Form
Depending on your preference, click on the option you want to download. The Bid-cum Application Form is usually easier, as it pre-fills most of your details if you have already registered on the NSE platform.
Step 4: Enter Your Details (Investor Status, Bid Form Type, and Number of Forms)
After selecting the form type, you will be asked to fill in some basic details:
- Investor Status: Choose whether you are an individual, a corporate investor, or a non-institutional investor.
- Bid Form Type: Choose whether you want the Blank Application Form or the Bid-cum Application Form.
- Number of Forms: Specify how many forms you wish to download. Typically, investors can download multiple forms, but you will need to decide based on your investment requirements.
Example: If you are an individual investor, you will select “Retail Investor” as your status. If you are applying for one form, you will select “1” for the number of forms.
Step 5: Enter the Captcha and Agree to Terms & Conditions
To ensure security, you will be prompted to enter a captcha (a set of characters displayed on the screen). This ensures that the process is being conducted by a human user and not by automated bots. Additionally, you will need to agree to the terms and conditions before proceeding.
Step 6: Click on “Download”
Once you’ve completed the above steps, simply click on the “Download” button. The IPO application form will be downloaded to your device in PDF format.
Example: After following the steps, you can find the form in your Downloads folder. It’s a good idea to save the form to a specific folder for easy access later.
Steps to Download IPO Application Form from BSE
If you’re looking to apply for an IPO through the BSE (Bombay Stock Exchange), the process is relatively simple. By following the steps below, you can easily download your IPO application form from BSE. Let’s walk you through the process, ensuring that you know exactly what to do and when to do it.
Step 1: Visit the BSE ASBA IPO Application Page
To begin, head over to the official BSE ASBA IPO application page. This is where all the IPO forms are available for download. BSE provides a streamlined system for you to apply for IPOs, making it convenient for retail investors.
Example: If you are interested in applying for the ABC IPO, visit the BSE website, and navigate to the ASBA IPO application page to get started with your application process.
Step 2: Select IPO Symbol, Repatriation Type, Category Type, and Number of Forms
Once you are on the BSE ASBA page, you will be presented with a drop-down menu that allows you to select the necessary options for your IPO application:
- IPO Symbol: Choose the specific IPO you’re applying for. For example, if you want to apply for XYZ IPO, select “XYZ” from the drop-down menu.
- Repatriation Type: This refers to whether you’re applying for Non-Repatriation or Repatriation. Select the one that applies to your case.
- Category Type: Choose whether you are applying as a Retail Individual Investor, Qualified Institutional Buyer (QIB), or Non-Institutional Investor (NII).
- Number of Forms: You can download up to 10 applications at once. This option is particularly useful if you’re planning to submit applications for multiple family members or for different quantities of shares.
Example: Let’s say you’re applying as a Retail Individual Investor for the XYZ IPO and want to apply for 2 forms. Select these options from the drop-down and continue with the process.
Step 3: Enter the Captcha Code
To prevent automated bots from accessing the website, you will be required to enter a captcha code. This code will be displayed on the screen, and you simply need to type the characters correctly.
Example: You will see a captcha like “BSE2025” or “XY2A3B”. Enter these characters exactly as shown to verify that you’re a human user, not a bot.
Step 4: Click on Download Application Forms
After entering the captcha and ensuring all the required options are selected, you can click on the “Download Application Forms” button. This will initiate the download of the IPO application form in PDF format.
Example: Once you’ve clicked on the download button, the IPO form (such as for the XYZ IPO) will be saved to your computer or mobile device in PDF form, ready for you to print, fill out, and submit.
Important Tips for an IPO Application Process
1. Double-check Your Selections: Before clicking on the download button, make sure you’ve selected the correct IPO symbol, repatriation type, category type, and the number of forms. Incorrect selections can result in downloading the wrong form.
Example: If you mistakenly choose Qualified Institutional Buyer (QIB) instead of Retail Investor, your form will be tailored for institutional investors, and your application might be rejected.
2. Download Multiple Forms if Needed: If you need more than one form, make sure to select the correct number of forms. As mentioned, BSE allows you to download up to 10 applications at once, which is convenient if you are applying for multiple people or multiple bids.
Example: You can apply for two family members in one go by downloading two forms from BSE. This saves time and effort.
3. Be Timely in Downloading and Submitting: Make sure to download the IPO form on time. IPO application windows are usually open for a limited period, and missing out on the download or submission deadline can result in losing the opportunity to apply for shares in the IPO.
IPO Forms, Download ASBA IPO Forms, BSE & NSE IPO Form PDF
For IPO investors, the most common way to submit applications is by downloading IPO forms either from BSE or NSE. There are two primary methods of downloading forms for IPO applications: you can either choose to download ASBA IPO form from BSE or NSE, or you can use online ASBA forms provided by intermediaries.
The blank IPO application form is typically available for download 2 days before the IPO opens for subscription. Investors can choose to download the form in PDF format, such as NSE IPO Form PDF or BSE IPO Form PDF. Once downloaded, the form can be filled out manually or electronically.
If you prefer an offline method, ASBA e Forms are a suitable choice. Investors can submit the completed forms physically to designated banks or stock exchange representatives.
What is ASBA?
ASBA (Applications Supported by Blocked Amount) is a mechanism that allows investors to apply for IPO shares without transferring the money upfront. Instead, the money is blocked in the investor’s bank account, ensuring that the funds remain accessible until the IPO allocation process is complete. The ASBA IPO form download process is widely adopted because it helps investors retain interest on their blocked funds.
The ASBA method eliminates the need for cheques or demand drafts, providing a simpler, more efficient way for investors to apply for IPOs.
Benefits of ASBA IPO Form
- Interest Retention: The most notable benefit of ASBA is that investors can continue earning interest on their blocked funds.
- Simplicity and Convenience: The ASBA IPO form download process is largely paperless. Investors can fill out the form online or submit it physically at Self-Certified Syndicate Banks (SCSBs).
- Transparency: ASBA offers transparency with clear tracking through unique order numbers.
- Flexibility: Investors have the flexibility to revise or withdraw their IPO application before the issue closes.
- Reduced Risk: Since funds are only debited upon the successful allotment of shares, the risk of refunds or delayed transfers is minimized.
How Does ASBA Work?
When you apply for an IPO using the ASBA mechanism, the required amount of funds is blocked in your bank account. However, these funds are not transferred to the IPO company immediately. They are only blocked for the time period when the IPO allocation process is underway. Once the allotment is done, the funds are either debited from your account (if you receive the allotment) or released back into your account if you are not allotted any shares.
Here’s an example of how ASBA works:
- Application Submission: Investors complete the ASBA form (either online or offline) with necessary details such as PAN, demat account number, bid quantity, and bid price.
- Funds Blocking: The specified amount is blocked in the investor’s account without being debited.
- Bidding Platform Integration: The details are uploaded to the stock exchange’s bidding platform, generating a unique application/order number.
- Allotment Process: Once the IPO closes, shares are allotted to eligible investors. If shares are allotted, the blocked funds are debited; if not, the funds remain in the account.
- Withdrawal Option: If an investor chooses to withdraw their application before the issue closes, the blocked funds are immediately released.
Example: Let’s say you’re applying for the XYZ IPO and the amount for a bid is ₹20,000. Instead of transferring ₹20,000 upfront, the amount is blocked in your account. If you are allotted shares, that ₹20,000 will be debited from your account; otherwise, it will be released back.
Why is ASBA Popular?
The ASBA process is popular because it offers several benefits to investors, making it easier to apply for IPOs:
- No Need for Cheques or Demand Drafts: Traditionally, investors had to submit a cheque or demand draft to apply for an IPO, which could be a hassle. With ASBA, there is no need for physical cheques, making the entire process quicker and paperless.
- Funds Remain Accessible: One of the most significant advantages of ASBA is that the money remains in your bank account and continues to earn interest until the IPO allotment process is complete. This ensures you don’t lose the opportunity to earn interest on your funds while waiting for the IPO results.
Example: Suppose you apply for the ABC IPO with ₹50,000 using ASBA. Your funds remain in your savings account, allowing you to earn interest on them. If you were applying via the old method (cheque or DD), the funds would be out of your account until the IPO process concluded.
How to Download the ASBA IPO Form?
To download the ASBA IPO form, follow these simple steps:
- Visit the official website of the IPO’s lead manager or the NSE/BSE IPO page.
- Select the IPO you wish to apply for, and click on the ASBA form download option.
- Fill in your details, including your bank account number (where the amount will be blocked) and demat account details.
- Submit the form online or print it out and submit it to your bank for processing.
Example: If you are applying for the DEF IPO, visit the NSE or BSE IPO page, download the ASBA application form, and follow the instructions to fill it in. If you prefer, you can submit the form online with your bank’s ASBA facility.
Where to Deposit IPO Application Forms?
After downloading the IPO application form, whether it’s from NSE or BSE, investors must submit the filled forms to their designated banks or intermediaries. ASBA e Forms are accepted at SCSBs, depository participants, and other registered intermediaries. Ensure that you’re submitting your form to a self-certified syndicate bank (SCSB) authorized to process ASBA applications.
Benefits of ASBA
- Simplifies the Application Process: Since there’s no need for physical payment instruments like cheques, ASBA makes the entire process more streamlined and user-friendly. It allows you to apply for IPOs in just a few simple steps, either through your bank’s online platform or through other web portals that offer IPO applications.
- Safer and More Secure: ASBA also provides enhanced security because it doesn’t require you to share sensitive payment details such as bank account numbers or cheque information. The blocking process is entirely done electronically, reducing the risk of fraud.
- Retain Interest on Funds: As mentioned, your funds are blocked but remain in your account, meaning you still have access to any interest earnings until the IPO allocation is finalized. This is a great benefit for anyone who wants to retain the financial benefits of their funds while they wait.
Why is ASBA Important for IPO Investors?
The ASBA system is a game-changer for IPO investors because it simplifies the process of applying and ensures that funds are not tied up unnecessarily. This is particularly important in cases where IPOs are oversubscribed, and there are chances that your application might not get allotted. The ability to block funds without actually losing access to them is a key reason why ASBA has become so popular in recent years.
Example: Consider a scenario where you’ve applied for the XYZ IPO using the ASBA mechanism, and your application wasn’t successful. Instead of waiting for the cheque to be returned or funds to be refunded in another manner, your funds are immediately unblocked and are available for you to use for other investments or activities.
ASBA (Applications Supported by Blocked Amount) is a revolutionary mechanism that makes the IPO application process simpler, quicker, and more efficient. By blocking funds in your bank account, ASBA ensures that you don’t lose out on interest earnings while waiting for the IPO allocation results. Additionally, it eliminates the need for cheques or demand drafts, making the application process smoother and more secure.
The ASBA IPO form download process is an essential tool for investors who want to apply for shares in an IPO without unnecessary paperwork. It’s an excellent method for keeping your funds accessible and earning interest while still being ready for allocation, offering investors a more modern and efficient way to apply for IPOs.
The ASBA IPO form download process from BSE IPO form and NSE IPO form websites has revolutionized the way investors apply for IPOs. Whether you are looking for an SME IPO form download or an ASBA IPO form download, you can easily access and fill out the form. With the added benefits of interest retention and fund transparency, ASBA has made it easier for investors to participate in IPOs without worrying about the funds being debited upfront.
By following the download IPO application form steps outlined in this blog, you can smoothly apply for any IPO of your choice. With these updated and efficient methods, applying for an IPO has never been easier!
FAQ About Downloading IPO Application Forms
- How do I download IPO application forms from NSE and BSE?
Visit the NSE or BSE ASBA page, select the IPO, fill in required details, and download the application form in PDF format. - Can I download the form before the IPO opens?
Yes, IPO forms are available for download a few days before the IPO opens for subscription. - Do I need to provide personal details when downloading the form?
Yes, you will need to provide personal details like PAN, demat account, and bank details. - Can I apply for multiple IPOs with the same form?
No, each IPO requires a separate application form. - Can I modify the details after downloading the form?
If using a blank form, yes, you can fill in or change details before submission. For pre-filled bid-cum forms, no modifications after submission. - How many forms can I download?
For BSE, you can download up to 10 forms per IPO. NSE doesn’t have a specific limit but depends on the IPO. - Where do I submit the IPO form?
Submit your filled form at any SCSB (Self-Certified Syndicate Bank) or designated collection points, not necessarily at the exchange. - Can I withdraw my application after submission?
Yes, you can withdraw your application before the IPO closes. - How do I track my application status?
Use the unique application/order number to track your status on NSE or BSE after the IPO closes. - Are IPO application forms free?
Yes, downloading and submitting IPO forms through the ASBA process is completely free.
