Are there any charges for applying for an IPO?

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• What is IPO?

  An IPO, or Initial Public Offering, marks the transition of a private company to a publicly traded entity by issuing shares to the public for the first time. Here's an in-depth look at the IPO process

• Will there be any charges if I have to call and place the order?

  For placing orders via Call and trade section there will be charges of Rs. 50 per order.

• Can a minor apply for an IPO?

  Minors generally cannot directly participate in financial transactions such as IPO applications. However, a guardian or parent may invest on behalf of the minor using their own account or through specific investment instruments designed for minors, ...

• How can I apply of an IPO through PennyPal app?

  Login into the PennyPal app, click on the profile tab on the bottom right corner, scroll down and then click on the IPO tab, you will then be able to see all the available IPO’s

• How to Apply for an IPO in web based terminal ?

  Click on your Client Code located on the right side. Under the IPO Section, select the preferred IPO you wish to apply for. Click on Apply to submit your application.