To make themselves a public company, companies open the sale of shares to the public and the general public can buy shares there. You can apply to buy shares within the timeframe specifie upd by that company.
How to apply for IPO?
You can apply for a purchase at a time when companies are open to sell shares in the market. You can apply for it from the bank and online. You have to go to the bank to apply from the bank, but online you can apply from any time and place.
You must have done the following to purchase public shares held by any company
1. Bank account: For money transactions
* Demat Account: For share trading
* C-Asba Registration: You have to register c-asba after opening a demat account. Its job is to keep the same amount of money that you bought in your bank account after you have applied to buy the shares.
* MeroShare‌ Account: You need to open a MyShare account to apply to buy shares online. Otherwise, you do not need Meroshare to apply from a bank.
All of the above must be done before you can apply to purchase public shares.
How to apply from bank?
You can go to your bank and fill out the IPO application form at the specified time after the companies open IPO sale. There you can apply for the quantity you want to buy. And fill in all the details requested there.
How to apply from MyShare or online?
You must have a time account with you to apply for an IPO purchase online. Then log in to your MyShare.
* After logging in you will be taken to my share dashboard.
* Click on the menu on the left side bar and click on My Asba.
* My Asba contains lists of companies that have issued IPOs.
* Then you click on Apply For IPO.
* From there you can apply for IPO.
* Select the company you would like to apply to and click Apply.
* Now you can see other details including company details.
* Scroll down and enter the amount you want to purchase with your bank details, and also fill in your CRN NUMBER.
* After filling in everything correctly, click on Submit.
* Then, enter your PIN Code and click on Apply.
After doing so, you were able to apply for an IPO.
Note: If you have forgotten your PIN code, you can enter a new PIN code before applying.
Forgot your PIN code for Meroshare ?
* If you forgot your M meroshare PIN code, you can click on the right side of MeroShare.
* Your profile appears there. Look at the bar above. There you will see the Change Transaction PIN.
* Click there and find out your password first. And then enter the PIN number you want.
* Click on Change Transaction PIN.
This way you can change your forgotten Transaction PIN.