How to Apply for India Pesticides IPO

The buzz has been created by various IPO in the market recently. Joining the party is another IPO, the India Pesticides IPO. As an investor, if you are considering this IPO, then it is important to know how to apply for India Pesticides IPO. 

Opening on 23 June, 2021, it has a fresh issue of ₹100 crores and an offer for sale of ₹700 crores. The price band is fixed at ₹290-₹296 per share with the minimum lot size of 50 shares. 

If you are interested in investing in the IPO, let us look at the different modes which you can use to apply for India Pesticides IPO. 

You can apply for India Pesticides IPO using two modes:

• Offline 
• Online 

Let us now discuss each of these methods in detail. 

How to Apply for India Pesticides IPO Online? 

You can easily apply for an IPO online through two methods. They are:

• ASBA 
• UPI 

Although before applying for an IPO, there are some documents that you have to keep handy, for a smooth experience.

These documents are as follows:

• PAN Card
• Demat Account 
• Bank account details 

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In case you don’t have a Demat Account, get it opened by referring to the form below:

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After you have all these documents, it becomes very convenient to apply for an IPO. Apart from this, there are certain other requirements that have to be fulfilled before applying for an IPO. 

1. You should be a resident of India. 
2. ASBA approved bank should receive the application. 
3. The IPO should not be a part of any reserved category. 
4. There is a 2 lakh, maximum limit on the IPO. 

Now, that you know about the restrictions and rules of applying to an IPO, let us look at the different online modes to apply for India Pesticides IPO. 

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How to Apply for India Pesticides IPO using ASBA? 

Since everything is moving towards digitalization and with our increased dependency on the online platform, this has become a popular method to apply for an IPO. 

ASBA refers to Application Supported by Blocked Account. The steps to apply for India Pesticides IPO through ASBA are as follows:

1. Open your net banking portal and log in using credentials. 
2. In the menu, look for the request button and click on it. 
3. As soon as you click on it, you will be redirected to a page for an IPO application. 
4. Now select the IPO that you want to apply for from the list of open IPOs. 
5. Now you can place bids. Remember that for an IPO, you can place upto 3 bids. 
6. Fill in the necessary details. 
7. Confirm and submit the application. 

Directly after the submission of the application, the amount is blocked in the account and the process is completed. 

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How to Apply for India Pesticides IPO using UPI? 

Another method has made it to the list of popular methods to apply for an IPO. This is an application through UPI. 

1. Download the mobile UPI app on your smartphone. For this you need to have a bank account with a registered bank. 
2. Create a UPI ID and a password. In some cases the UPI ID is generated automatically. 
3. Now open the trading platform of your broker and select the IPO option. 
4. Choose the IPO that you want to apply for. 
5. Fill the necessary details in the application form. 
6. Now choose the payment option as UPI. 
7. After this you will get a payment request on your UPI app. 
8. On confirming the request, your process will be completed and that certain amount will be blocked. 

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How to Apply for Insect Pesticides IPO Offline? 

Regardless of the digitalization, some investors still go for an offline method of applying for an IPO. All you need is a demat account and some necessary documents. 

The steps to apply for Insect Pesticides IPO offline are as follows:

1. Visit your nearby bank branch. 
2. Fill in the necessary details in the application form. 
3. You will be required to submit some documents like a PAN card, bank account details, and a cheque for payment. 
4. Once the process is completed, the desired amount is blocked in your bank account. 

The amount is deducted only after the allotment of the shares. In case of a failed allotment, the amount is unlocked. 

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India Pesticide Limited IPO Date 

While applying for an IPO, it is essential to mark the important dates. Some of the essential dates that you should mark in your calendar are tabulated below. 

 

After taking a quick look at the important dates, let us now discuss the India Pesticides IPO price. 

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India Pesticides IPO Price

The various prices are issue price, fresh issue size, offer for sale, etc. The prices of India Pesticides IPO are given below. 

 

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India Pesticides IPO- Should you Invest?

The appearance of any IPO in the market creates a significant buzz. A lot of investors invest in an IPO, going just by the face value.

Whereas it is always recommended that an investor only invest in an IPO after doing the fundamental analysis.

The strengths of the company, its weakness, brand name, and also the financial growth play an essential role in making the decision.

Another important factor that plays a crucial role in the listing price of an IPO is its Grey Market Premium. You should keep a close eye on India Pesticide IPO GMP.

Be a wise investor, analyze the IPO, and then invest. Happy trading!

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Want to invest in IPO and still not having a Demat Account? Do Not Fret! Fill the form below and open a demat account for free without delay.