How To Apply For Anupam Rasayan IPO?

Whenever a new IPO is launched in the share market, the new entrants start looking for many answers. Today, we will answer one such question – How to apply for Anupam Rasayan IPO. So, read along while we wave the magic wand of answers.

But before we jump into listing the process, we need to know what an IPO is.

IPO stands for Initial Public Offering, and it is the process a company follows to get its shares listed on the stock exchanges. It is how a private company goes public. Investors and traders can then trade the shares.

Now, without any further ado, let us start with the process to apply for Anupam Rasayan IPO. The first mandatory requirement is to have an active demat account.

If not, then fill in the details below and open a demat account for free.

You can apply for the IPO through the online or offline process. Prior to that, you must have a basic knowledge about the upcoming IPO.

Anupam Rasayan India Limited was incorporated in 1984 and started its operations by manufacturing conventional products in Surat, Gujarat. Currently, the company produces specialty chemicals that involve complex chemistries and multi-step synthesis. 

The Price of Anupam Rasayan IPO is ₹760 Cr but what you think should you subscribe for Anupam Rasayan IPO. 

We will talk about them in detail in the upcoming sections.

We will talk about them in detail in the upcoming sections.

How To Apply For Anupam Rasayan IPO Online?

In times when every trader and investor prioritizes their comfort and health while applying for an IPO, the online process comes in handy to all of them. Thus, there are two ways you can subscribe online. 

These ways vary only based on the payment method chosen by the individual. They are:

• ASBA (Application Supported by Blocked Amount) Method
• UPI (Unified Payment Interface) Method

So, let’s discuss them in detail.

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How To Apply For Anupam Rasayan IPO Using ASBA?

We need to understand the concept of ASBA before you apply for Anupam Rasayan IPO using ASBA.

As the full form (mentioned above) has made it clear, the application is backed by blocking the corresponding amount in your bank account. Investors and traders commonly use it for the application process.

For this mechanism to work, SEBI has approved more than 65 Indian banks like State Bank of India, Union Bank of India, Citi Bank, Axis Bank, HDFC Bank, ICICI Bank, etc. You can go through this list as it is available on the official website of SEBI.

Since the banks meet eligibility criteria for approval, the traders and investors also abide by eligibility criteria.

The points in this regard are as follows:

• The application should be through an approved bank on the ASBA list.
• The maximum investment amount is ₹2 Lakhs.
• The IPO application should be under the normal category and not under any particular reservation provided by the company.
• The applicant should have an active demat account.
• The corresponding securities have to be retained in a demat account by the investor or trader. Further, the application should be for the dematerialized form.

Now, let us know what happens in this mode of payment.

In ASBA, the application form includes the bids placed. The amount against the bids placed will get blocked in the bank account as the payment is made on the applicant’s behalf.

This amount is blocked till the day the allotment process concludes.

If you get the allotment of the shares, the corresponding amount is debited from the account. Otherwise, the amount is unblocked for you to utilize as per your requirements.

After the amount is debited, the shares get credited in a day or two into your demat account.

With the process understood, let us focus on the ASBA online process. The steps are as follows:

• Open the official website of your bank.
• Log on to the net banking portal.
• Look for the Request button in the menu of the portal’s dashboard.
• Click on it.
• You will get redirected to the IPO page on the bank’s portal.
• Select the IPO you want to apply for from the list of all the open IPOs.
• Place your bids and fill the application form. You are permitted to place up to 3 bids for one IPO.
• Fill in the mandatory details like depository details, bank account details, etc.
• Confirm the application after cross-checking all the information.
• Submit the application for further processing.

Once the application is submitted, the amount will automatically be blocked in your bank account. This process can also be done offline and will be discussed in the upcoming section.

Before that, let us learn about how to apply for IPO through UPI.

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How To Apply For Anupam Rasayan IPO Through UPI?

The application process is the same. The only change is between the payment mode. In this section, we will learn about the process of applying through UPI.

The steps to follow are listed below:

• First, you have to download and install a UPI mobile application from the App Store on your mobile.
• Register yourself with the help of your bank account details.
• A UPI ID will be generated after the registration is completed.
• Now, when you fill in the payment details for the IPO, enter the UPI ID in the corresponding box.
• After you process the request, you will receive an amount blocking request on the UPI mobile application.
• Open the application and approve this request.
• Now, the corresponding amount will be blocked till the allotment process concludes.

This amount will be debited or unblocked based on the final allotment status of the IPO. This method payment method was approved by the regulatory body – SEBI after it became prevalent among Indian citizens.

Moving forward, let us learn how we can apply using the ASBA process offline.

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How To Apply For Anupam Rasayan IPO Offline?

There are many traders and investors who still prefer it the old school way in the digitized world. So, for all those individuals, there is a way to apply for an IPO offline. Want to learn how to apply for Anupam Rasayan IPO offline?

Read along!

The offline process is done under the ASBA Method, which is pretty simple and straightforward. Here, you have to visit the nearest branch of your bank and submit the IPO application in person.

Some information you should have handy is:

• PAN Card Number
• Bank Account Number
• Demat Account Number
• Bid Price
• Bid Quantity

After you fill the form, you have to submit it to the respective bank executive. They will process it through the designated bank portal.

Also, you need not panic about it, as the process is just as easy as it sounds here.

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Conclusion

Whenever an individual is looking forward to investing in an IPO, they look for ways to apply for it, which, in this case, is how to apply for Anupam Rasayan IPO.

In this article, we have tried to cover all the necessary aspects relating to the query. The first ingredient in the process of applying for an IPO is having a demat account.

You can open a demat account with any depository participant of your choice.

You can choose to apply online or offline as it suits you. There are two payment options to choose from – ASBA and UPI. The complete processes for both of them have been given above. 

We hope all your queries have been resolved. 

Happy investing and good luck!

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