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IPO Services
Axis Bank is the leading Bank in offering “Bankers to the Issue (BTI)” services. We offer whole range of collection and payment services for your fund raising/ dividend distribution requirements through our investment banking/merchant banking subsidiary (Axis Capital - One of the leading investment advisors).
Our specialised team, with profound knowledge about SEBI regulations, and an impeccable track record of successful closure/execution of high value deals, provide best “Bankers to the Issue” solutions and support at each stage of your issue/deal.
Features & Benefits
Initial public offer (IPO)
It is the selling of securities to the public in the primary market. It is the largest source of funds with long or indefinite maturity for the company. The securities could be through fresh issuance or offer for sale by existing holders.
New fund offer (NFO)
A new fund offer (NFO) is the first-time subscription offer for a new scheme launched by the asset management companies (AMCs).
Rights issue
A rights issue is a primary market offer to the existing shareholders to buy additional shares of the company on a pro-rata basis within a specified date at a discounted price compared to the current market price.
Qualified institutional placements (QIPS)
It allows an Indian-listed company to raise capital from domestic markets without the need to submit any pre-issue filings to market regulators.
Non-convertible debentures (NCD)
NCD are fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation.
Eligibility & Documentation
- All extant KYC guidelines applicable to opening current accounts.
- SEBI & stock exchanges approvals & guidelines.
Fees & Charges
No charges for Account opening and set up.
Value Added Services
- Advisory/structuring of issue/deal.
- Strong technology support and proven track record to handle volumes under UPI (as sponsor bank).
- ASBA applications are collected at pan India branches of the bank. Currently, 4,800+ branches accept applications.
- Customers can also apply for IPOs online through “Retail Internet Banking Services”
- Faster movement of funds from investor accounts to public issue accounts through robust technology support.
- ASBA FD facility available for corporates and QIBs.
- Dedicated one-point contact to handle all queries during and post-issue.
- Coordination with registrars, syndicate members, merchant bankers, and stock exchanges to handle all pre-issue and post-issue requirements.
- ASBA facility available for foreign investors (rights issue).
- Strong business continuity plans (BCPs) and disaster management services to ensure smooth execution of the issue/deal.
FAQs
If you are an Axis Bank net banking customer, you can now apply online. Log in to net-banking and select the "investment" option from the bottom left menu. Then, select IPO and ‘rights issue’. You will be redirected to our IPO online system.
To apply for an IPO from Axis Bank using ASBA, you should have an account with us. However, it is not compulsory for you to have a demat account.
Register on Google Pay & link your Axis Bank account with Axis OK handle.
Enter your UPI ID in the IPO application form and submit it.
Approve the notification in the Google Pay app to block the amount for IPO.
On allotment of the shares, the money is automatically debited from this blocked amount.
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Reach out to us at
ipo_dividend.products@axisbank.com
