How to Apply for Nureca Limited IPO?

If you are here because you wish to know the process of “how to apply Nureca Limited IPO”, then you are definitely at the right place. 

Today, in this document we will be covering three different ways to apply for Nureca IPO in simple and quick steps. 

Before understanding how to apply for this IPO, you must know its important dates such as starting and ending so that you bid on time.

Nureca Limited IPO process is starting on 15 February 2021 and will last for two days till 17 February 2021. 

The price per equity share in this IPO is estimated to be around Rs. 396 to Rs. 400. Hence, an investor has to make a minimum investment ranging from Rs. 13860 to Rs. 14000 only; which is quite affordable! 

Apart from this, you must also be familiar with other crucial details such as its objectives, promoters, financial reports, pros, cons, etc., and have gone through a complete Nureca Limited IPO Review. 

So, if you have this information, let’s quickly get started with the registration process. 

Nureca IPO Apply Online Process

 As said earlier, there are two different ways to proceed with the Nureca IPO apply online process and these ways are listed as below-

• ASBA (Application  Supported by Blocked Amount)
• UPI Gateway

Now, let’s discuss each of the above in a detailed way! 

Apply for Nureca Limited IPO through ASBA

One of the most convenient and secure ways to apply for an IPO is through the ASBA process through which your bank register and pays the cost related to the desired IPO on your behalf. Till the allotment status, the amount remains blocked in your account. 

And once the bid is allotted to you, the money instantly gets deducted from your bank. In case, unfortunately, the shares are not allotted to you, the amount will be unblocked from your registered bank account and you can use it as per your requirement.

There are more than 68 bank accounts that can help you in applying for ASBA and some of these banks include State Bank of India (SBI), ICICI Bank, Canara Bank, Bank of India, Allahabad Bank, Punjab National Bank (PNB), HDFC Bank, Axis Bank, and many more!

Their complete list is available on the SEBI official website and to view your bank in the list, get the list here. 

ASBA process can be performed in two different ways:

1. Offline method
2. Online method

The offline method is the traditional way to connect with a bank i.e. visiting their branch directly. If you opt for this method to apply for Nureca Limited IPO, then you will be required to fill an ASBA form which will include the following:

• Name of the IPO
• The desired bid size/lot size
• Demat account number
• PAN number
• Bid price
• Registered Bank account number

After you have filled and signed the form, the respective amount will be instantly blocked from your account. 

The online method is completely different from the offline one. Here you are not required to physically visit the branch, rather you perform all the complex work through the internet. All you need is to visit your registered bank account’s net banking platform.

• Here, either in the “menu” or in the subcategory of “forms”, you can search for the “request” button.
• Now, in the new window, you can view the IPO or ASBA segment. 
• Click on the same and enter the required bid price, bid lot, and other important details. 
• You must remember that no more than 3 bids can be placed at a time. 
• Once you have entered the details, the amount will be blocked from your registered bank account. 

This whole process is quick and simple but while bidding, make sure that you have a demat account. 

In case you do not have a demat account, then simply fill the registration box given below by entering your name and mobile number. 

 

Within no time, our representative will help you in opening a FREE demat account! 

Now, you must make sure that the necessary conditions related to the ASBA application process are fulfilled by you. These main key points are listed as follows-

1. Without having a valid demat account, no application against the IPO will be processed; hence will be directly failed.
2. Any bid under the Reserved categories such as Retail Individual Investor  (RII), Non-Institutional Investor (NII), or Qualified Institutional Bidder (QIB) will not be approved or placed by the bank. 
3. The application process must be applied in the demat form and the shares are compulsorily required to be placed in the Demat account.
4. A minimum investment of Rs. 2 lakh (approximately) is mandatory to be made in a single IPO. 
5. Finally, the bank must be registered with SEBI under the direct ASBA facility. No applications will be entertained that belongs to non-registered banks. 

Therefore, if you fulfill these vital conditions, then you can easily apply for Nureca Limited IPO through the ASBA process. 

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Apply for Nureca Limited IPO through UPI

UPI process has made the IPO application quite simple and convenient and all credit goes to SEBI for understanding the needs of investors and launching this program in 2019. 

UPI method is typically used while applying for an IPO through a stockbroker. 

An investor interested in this IPO or in any other can instantly apply with his UPI ID as a payment gateway on Indian Stock Exchanges- NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

In 4 simple ways, you can apply for Nureca Limited IPO from your fingertips and these steps are listed below-

1. In case you do not have Google Pay on your mobile, then download this App from your play store or app store and link your registered bank account with the same.
2. Once you link a UPI ID with names like- abcdef@okaxisbank or abcdef@okhdfcbank will be generated where your bank name will be automatically added in the end. 
3. Now, while applying for the IPO through your broker’s trading platform or mobile platform, enter your UPI ID (similar to abcdef@okaxisbank) in the IPO application form and click on submit button.
4. In the next step, you will get an instant prompt on your Google Pay app for the fund block request. Approve the request so that amount can be blocked for the IPO.

The amount remains blocked till the shares are allotted to you and get unblocked if the allotted process moves against you. This usually happens after the expiry or the end date of the mandate. 

You can Know the ipo opening and closing date at Nureca IPO Date

Also, you must make sure that unlike the ASBA process where the minimum investment against an IPO was Rs. 2 lakh, in the UPI gateway the maximum investment is Rs. 2 lakh.

So, investment of more than 2 lakh in a single IPO is not approved by the stockbroker. 

So, that was all about the processes to apply for this IO or any other. Let’s close the article with a few final words. 

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Closing Thoughts

Hence, with this article, you don’t have to break out in a sweat for finding a safe and secure way on how to apply Nureca Limited IPO. Both the processes- ASBA and UPI mentioned above are convenient and straightforward. 

Through these methods, you can simply apply for the Nureca Limited IPO through your smartphones or even visit the local nearest Branch. We bet it’s not that hard. 

Besides this, before applying for this IPO make sure that you have complete information in regards to this and you are well aware of the company’s growth and earnings. 

And, most importantly, if you are looking to apply for this IPO without a demat account then it’s gonna be unfruitful to you as a demat account is a must while investing in stocks, IPO, equities, or any other securities. 

Wishing you a stroke of good luck with your Nureca Limited IPO bidding! 

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