Top List of Upcoming IPOs and the Essential Steps to Open a Demat Account

The Indian stock market has always been attractive to investors, and Initial Public Offerings (IPOs) are major events attracting significant attention. Here’s a detailed look at the list of upcoming IPOs in India and a thorough guide on how to open a Demat account.

Top Upcoming IPOs in India

Following these steps to open a Demat account, you can seamlessly start your investment journey and participate in exciting opportunities like the list of upcoming IPO

1. Sattrix Information Security Limited IPO

Issue Date: June 5–7, 2024

Issue Price: Rs 121

Issue Size: Rs 21.78 crores

Sattrix Information Security Limited is set to launch its IPO, aiming to raise Rs 21.78 crores. The company specialises in providing IT security solutions, becoming increasingly crucial in today’s digital age. With solid fundamentals and a growing market presence, this IPO is expected to attract significant investor interest.

2. Kronox Lab Sciences Limited IPO

Issue Date: June 3–5, 2024

Issue Price: Rs 136

Issue Size: Rs 130.15 crores

Kronox Lab Sciences Limited, a prominent player in the pharmaceutical industry, is gearing up for its public offering. With an issue size of Rs 130.15 crores, this IPO offers a price size of Rs 136. Investors looking to capitalise on the growth of the pharmaceutical sector should keep an eye on this opportunity.

3. Magenta Lifecare Limited IPO

Issue Date: June 5-7, 2024

Issue Price: Rs 35

Issue Size: Rs 7 crores

Magenta Lifecare Limited is launching its IPO from June 5-7, 2024, with an issue price of Rs 35, aiming to raise Rs 7 crores. As a prominent player in the healthcare sector, Magenta Lifecare’s IPO is anticipated to draw substantial investor interest due to its strong market presence and promising growth prospects.

4. 3C IT SME IPO

Issue Date: June 4-7, 2024

Issue Price: Rs 52

Issue Size: Rs 11.44 crores

3C IT is launching its SME IPO from June 4-7, 2024, with an issue price of Rs 52, aiming to raise Rs 11.44 crores. As a key player in the IT sector, 3C IT’s strong market position and growth potential are expected to attract significant investor interest.

Essential Steps to Open a Demat Account in India

A Demat account is indispensable for investing in the stock market, as it holds your shares electronically. Here are the detailed steps to open a Demat account in India:

Step 1: Select a Depository Participant (DP)

The first step is to choose a Depository Participant (DP), which can be a bank, brokerage firm, or online investment platform. Reputable DPs like Axis Direct, among others, offer some of the best demat accounts in India. Before deciding, compare the fees, customer service, and additional services various DPs offer.

Step 2: Fill Out the Application Form

Once you select a DP, visit their website or branch to fill out the account opening form. You must provide personal details such as your name, address, date of birth, and PAN number. Ensure all information is accurate to avoid any issues later on.

Step 3: Submit KYC Documents

To comply with the Know Your Customer (KYC) norms, you must submit supporting documents along with the application form. The documents required include:

• Proof of Identity: PAN card, Aadhaar card, passport, voter ID, or driving license
• Proof of Address: Aadhaar card, passport, utility bills, bank statement, or rental agreement
• Bank Details: Canceled cheque or recent bank statement
• Photograph: Passport-sized photograph

Step 4: Verification Process

This involves an in-person verification (IPV), which can be done physically by visiting the DP’s office or through a video call. During IPV, you may be asked to show the original documents for verification.

Step 5: Sign the Agreement

You will be required to sign an agreement with the DP outlining the terms and conditions of the account and the charges and duties of both parties. Carefully read through the agreement and clarify any doubts before signing.

Step 6: Receive Your Demat Account Details

Once the verification process is complete and all documents are in order, your Demat account will be opened. The DP will provide you with a unique Demat account number (the Beneficiary Owner ID) and login credentials to access your account online.

Step 7: Link Your Bank Account

For seamless transactions, link your Demat account with your bank account. This allows for the smooth transfer of funds when buying or selling securities. Most DPs offer easy linking options through Net banking or by submitting a bank mandate form.

Step 8: Begin Trading

With your Demat account now active, you can start trading in the stock market. Use the provided login credentials to access your account online and explore the trading platform’s features. Ensure you are familiar with placing buy and sell orders, monitoring your portfolio, and utilising other tools provided by the DP.

Conclusion

Opening a Demat account is straightforward. It involves selecting a reliable Depository Participant, completing the necessary documentation, and undergoing verification.