Best Demat Account for IPO/FPO

[jaypee_1320]

thanks.....

 

[alroyraj]

Hi Guys,

What would be the best demat account in terms of applying for IPO/FPO? By best, I mean the following factors:

1. Gives refunds quickly after IPO has been allotted.
2. Option for applying to IPO/FPO online.
3. Good customer service.
4. Reasonable charges.

Thanks.

For IPO applications HDFC is considered the best. It is quite hassle-free plus people get better allocation I have been told.
It has an AMC of 500 or so. Other than this Sharekhan has this feature. SK has AMC of 400. Though there are minimum charges of RS 25 per order, it is better than the opportunity loss and hassles associated with many other brokers.

I myself use Indiabulls which is not good at all, since it puts restrictions on applying from ledger. One needs to have the funds in the bank and if you transferred the amount to your ledger then you are stuck till it is transferred.

An important thing you need to keep in mind is that with HDFC you can apply till the last day. This is not possible in many others like Indiabulls. This enables you to see the institutional response to the IPO before applying.
I suspect this is because most companies have their company accounts at HDFC you can infer this from the dividend warrants.
Also got a lot of good feedback from friends having an HDFC account.

 

[moloy]

hi; I"m going to apply in moil IPO; i opened a demat cum trading account with India infoline very recently. so will i submit my application offline or online?