Initial Public Offerings(IPO)
Introduction
Book Building and Fixed Price Issue are the two types of Initial Public Offerings (IPOs) through which a public company can raise money in the capital market.
In a book building public issue the bids are received at different price levels and the demand for the issue is built up over a period of time. Depending upon the bids received at different price levels the issue price is ascertained. In a fixed price issue the issue price is pre ascertained by the issuer.
ONLINE IPO
MOSL facilitates the IPO application for all of its clients through online platform. Using the Online IPO service, an existing can apply for the IPO through our online trading platform
How to apply in IPOs?
Ø One needs to have a demat account
Ø Make available the copy of PAN card
Ø Other basic essentials such as address proof, bank details and the contact details.
How do I become an online customer in IPO’s?
In order to start placing an order in IPO’s online, you will have to become a registered client of MOSL. All you have to do is open an online account with us. Once your account is activated, you can place your orders completely online.
In case you are already an existing customer of Motilal Oswal but not registered for the online IPO product, please follow below mentioned steps.
Simple Steps to Signing up for Online IPO
Please collect POA & Supplemental form nearest MOSL branch or same can be downloaded from following URL:
http://onlinetrade.motilaloswal.com/links/pdf/poaforipo&mf.pdf
http://onlinetrade.motilaloswal.com/links/pdf/supplementalagreement-ipo&mf.pdf
Kindly sign on all the pages of the POA and the Supplemental agreement.
Once you have filled up the details in the relevant places, please courier your forms to us on the address mentioned below:
Customer Service Desk (online)
Motilal Oswal Securities Ltd.
Palm Spring Centre, 2nd flr,
Next To D-Mart Super Market,
Link Road, Malad (West),
Mumbai – 400064.
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In India this is the first step to investing. Many active investors started their stock market journey by investing in IPOs. But those were the days of controller of capital issues and shares were allotted at face value.
Today since there is a book building process and all IPOs are freely prices it helps to understand the risks involved by investing in an IPO.
MOSL has the best of both the worlds for IPO. It has one of the most extensive distribution network of outlets. At the same time MOSL has a very convenient online trading platform through which you can invest in IPOs in three easy steps.
Why IPOs at MOSL?
Ø Easy access to our Business locations with over 1644 Business locations spread across over 611 cities.
Ø Research and advice on new issues.
Ø Regular updates on ongoing and forthcoming issues to investors.