Investors can apply for the LG Electronics IPO conveniently online through either the ASBA (Application Supported by Blocked Amount) facility offered by banks or the UPI method via broker platforms. Both routes are approved by SEBI and ensure a safe, paperless application process for all investor categories.
Through ASBA (Net Banking)
Follow these steps to apply for the LG Electronics IPO using the ASBA facility available through your internet banking account:
Log in to your online banking account with a SEBI-registered bank that provides the ASBA service.
Navigate to the ‘Investments’ or ‘IPO Application’ section on your bank’s portal.
From the list of active IPOs, select ‘LG Electronics IPO’.
Enter your application details, including the number of lots you wish to apply for and your bid price within the set price band.
Confirm and submit your IPO application. The required amount will be blocked in your bank account but not debited immediately.
Once the allotment is finalised, the blocked amount will be debited only if shares are allotted to you. The shares will then be credited directly to your Demat account.
This process ensures a smooth and secure IPO application without the need for physical forms or cheques, and your funds remain in your account until allotment confirmation.
Through UPI via Broker Platforms
You can also apply for the LG Electronics IPO using the UPI method through any SEBI-recognised broker or financial marketplace. Follow these simple steps:
Log in to your Demat account or trading account on your broker’s platform or a financial marketplace.
Go to the IPO section and select ‘LG Electronics IPO’ from the list of active issues.
Enter your bid details, including the number of lots and your desired bid price.
Provide your UPI ID, linked to your bank account, for payment authorisation.
You will receive a mandate request on your UPI app (such as BHIM, Google Pay, or PhonePe).
Approve the mandate to block the IPO application amount in your account.
After the allotment is completed, the blocked funds will be debited automatically, and the allotted shares will be credited to your Demat account.
For an easy, all-in-one experience, you can also apply for IPOs and manage investments by opening a Demat and trading account on Bajaj Markets. This enables you to invest, track your applications, and check allotment status all in one place.