Angel One does not charge any brokerage or platform fee for applying to IPOs. You can apply for IPOs absolutely free of cost through the Angel One app or website. The only money you need is the amount required to apply for the IPO, which stays blocked in your bank account through the ASBA process. There are no charges from Angel One, whether you get the allotment or not. This makes investing in IPOs very cost-effective for investors who want to enter the stock market at the listing stage.

Is there brokerage or extra charge for IPO application?

No. Angel One does not charge any brokerage or extra fees for IPO applications. You apply through the app or website using your UPI or linked bank account, and no extra money is taken except the IPO application amount.

How does fund blocking (ASBA) work?

ASBA (Application Supported by Blocked Amount) means the money stays in your bank account but is blocked for IPO application. If you receive the allotment, only then the amount is debited. If not, the amount is unblocked. This process protects your funds until the final allotment is confirmed.

Are there any bank or IPO-related charges?

Angel One doesn’t charge anything for IPO applications. Some banks may charge small fees for setting UPI mandates, but most banks offer it free. Also, applying to an IPO through Angel One is paperless, fast, and completely online.

Can NRIs apply through Angel One?

Currently, NRIs cannot apply for IPOs directly through Angel One’s platform. They need to apply using physical ASBA forms through their banks. This is due to UPI limitations for NRI accounts, but updates may come in the future.

How to check IPO allotment and refund?

Once the IPO allotment is done, you can check it on Angel One app or registrar website. If you get allotment, shares are delivered to your Demat account. If not, the blocked money is released back to your bank account automatically within a few days. You get updates by SMS and email.