Add IPO Applicant in SBI for Rights Issues, IPO and ASBA process

Add IPO Applicant in SBI for Rights Issues, IPO and ASBA process. After this you can apply for IPO and Rights Issues via ASBA process using State Bank of India net banking.

Add IPO applicant in SBI for Rights Issues, IPO and ASBA process

1. Log in to SBI Net Banking:

• Open your web browser and log in to your SBI retail net banking account.

2. Access Profile Management:

• From the main menu, select “My Accounts & Profile,” then click on “Profile.”

  

3. Manage IPO Applicant:

• In the “Profile” section, choose “Manage IPO Applicant.”

  

4. Enter Profile Password:

• You will be prompted to enter your profile password to continue.

  

5. Input Applicant Information:

Provide the following details:

• Applicant Name
• PAN Number
• Depository Type: Select either CDSL or NSDL.
  If your account is with Zerodha (as an example), select CDSL. Generally, choose NSDL if the DP ID starts with “IN,” or CDSL if the DP A/C is a completely numeric 16-digit number. If unsure, consult your Demat broker.

  

  

• Beneficiary DP A/C Number or DP ID and Client ID: Depending on whether you selected CDSL or NSDL.
• Nickname: Assign a nickname to the applicant.

6. Confirm and Submit:

• Enter the OTP or password requested by the bank to finalize the process.

  

Your IPO applicant is now successfully added.

For PNB click link – Punjab National Bank: Apply for Rights Issue Shares Through PNB Bank via ASBA