How to apply for an IPO in the EXISTING SHAREHOLDER category?
How to apply for an IPO in the EXISTING SHAREHOLDER category?
Existing shareholders can use an option to apply under the existing shareholder category if shares are issued at a discount for existing shareholders.
While applying for an IPO under the existing shareholder category, ensure that the required number of shares is already held in the Demat account for successful consideration for share allotment.
Applying in the shareholder category is the same as the general process of applying for an IPO. However, the investor type should be selected as a shareholder while applying through the JPlus app or Web.
RELATED FACTS:-
The eligibility criteria for applying in the existing shareholder category are specific to each RHP (Red Herring Prospectus).
The RTA (Registrar and Transfer Agents) verifies if at least one share of the parent company was held on the day the RHP was filed.