How to Apply NEW IPO Through ASBA in SBI BANK via Net Banking Step by Step

Follow the below step to apply IPO through ASBA / Net Banking for SBI Bank

Step 1: Login into SBI Bank Net Banking with username & password

Step 2: After login, If you are new (Most probably new user), you first need to register your details to quick apply all active IPO.

Note: This is one time process, after register you don’t need to register again to apply future IPO.

This will be used for all IPO expect you change your DEMAT Account number.

Got to Home -> Profile -> Manage IPO Applicant

Step 3: Now, You need to click on Manage IPO Applicant

By this, you will get new applicant register form. Fill up details as per request and click on add to save information

After Add, it will ask for confirmation, click on confirm to save details

Step 4: Once you confirm, you need to process for OTP verification. Just pass password which you receive on your mobile and confirm.

It will give you confirmation message as per below screen

Step 5: After register applicant, now go to E-service link from Navigation Menu.

You will get option for DEMAT & ASBA services, just click to move further

Step 6: You will get option as below.

For apply new IPO, you need to go IPO(Equity)

By click on IPO(Equity) link, you will be asking to accept terms and condition. Just accept and move further.

Step 7: After accept, you need to go for Apply Now, where you will able to list / see all current active IPO.

You need to choose IPO from the list and click on Go

Step 8: First you need to choose category

For normal retails investor, you need to select Individual from Investor category. This will be applicable amount min up to 15000 INR and there after multiply by maximum 200000 INR.

i.e. if DMART price is 299 INR and its lot size is 50 than it will become 14950INR per lot and you can apply max 13 LOT as Retails i.e. 14950 /per lot price * 13 LOT = 194350 INR. Subject to Max 2 LACK.

Step 9: Now, as we already register applicant from above step, you will list registered applicants. By clicking on Select Registered Applicant, you will able to select applicant.