Online IPO Terms and Conditions

These terms and conditions ("T&Cs") govern the access to and use of the online IPO facilitation services ("Services") available on INDstocks by INDmoney to its customers. Please read these T&Cs carefully before using the Services. By proceeding with the Services, you agree to be bound by these T&Cs provided by INDmoney Private Limited ("we," "us," "Company," or "our").
These Online IPO Terms and Conditions should be read in conjunction with the INDmoney Platform Terms and Conditions, Privacy Policy, Policies and Procedures, and all other documents to which you have consented, including but not limited to account opening forms, undertakings, applicable laws, rules, guidelines, notifications, and byelaws (as issued and amended from time to time).
The Company, through the INDstocks / INDmoney Platform, offers services for IPO applications and provides information about upcoming IPOs. The INDstocks / INDmoney platform or any other platform through which the Company offers the Services will function solely as an order collection platform. You can view the list of live, upcoming, and closed IPOs under the "Explore IPOs" section, and also view the orders placed by you under the "Orders" section in the IPO center on the INDmoney Platform
You may participate in IPO bidding through the ASBA (Applications Supported by Blocked Amount) process. You must provide authorization to a self-certified syndicate bank (SCSB) to block the application money in your bank account for applying/bidding for IPOs. You confirm that you have read and understood all terms and conditions laid down by SEBI from time to time while applying through ASBA.
You can bid at the cut-off rate and withdraw your bid during the bidding period. To withdraw ASBA bids during the bidding period, approach the same bank through which you submitted the ASBA and request withdrawal through a duly signed letter citing your application number, TRS number (if any), and as per the process laid by your bank. After the bid closure period, you may send a withdrawal request to the Registrar to the issue before the finalization of the basis of allotment. The Registrar will cancel the bid and instruct the SCSB to unblock the application money in the bank account after the finalization of the basis of allotment.
You authorize the Company to instruct the Bank to block your bank account for the full amount of the bid application. In case of an upward revision, an additional lien will be marked to the extent of the incremental amount. However, in case of a downward revision of the bid, the differential money blocked earlier will not be released until after allotment. The amount so blocked will be debited from the said bank account only at the time of allotment. Until allotment, the amount will remain blocked and may not be available for use. The blocked amount will be released after allotment to the extent of any unsuccessful allotment.
You confirm that you have read the Red Herring Prospectus and that you are an eligible bidder as per the applicable provisions of SEBI.
If your INDstocks Account is deactivated, suspended, terminated, or closed for any reason, any IPO orders placed by you will also be automatically canceled. You will be able to place IPO bids only upon the resumption of your INDstocks Account with the Company.
You shall be solely and exclusively responsible towards payments of any and all taxes, tariffs, fees, commissions or such charges as may arise or become applicable as a result of You availing the Services including but not limited to penalties due to insufficient fund.
Company shall not be responsible or deemed to be responsible for non-execution / rejection of IPO orders. You understand that no partial orders will be executed in case of insufficient funds.
Company reserves right, at its sole discretion, to either temporarily or permanently, withdraw or suspend the Service to You without giving any notice or assigning any reason for the same.
You acknowledge, understand and agree that there may be a possibility of communication failure or system problems or slow or delayed response from system or exchange related halt, or any such other problem/ glitch whereby not being able to establish access to the exchange system / network, which may be beyond Company’s control and may result in delay in processing or not processing your IPO order(s).
The Rules & Regulations as prescribed by the exchange will be applicable to your IPO order(s).
The Service is provided to Customer on an "As is" and "Where-is" basis, without any warranty. Company, for itself and any third-party providing materials, services, or content to this facility makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third-party rights, with respect to the INDmoney Platform.
Company will not be liable to You or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the Service, including but not limited to, Your use of this Service or Your inability to use the Service, even if Company has previously been advised of the possibility of such damages.
Company makes no representations or warranties regarding the accuracy, completeness or reliability of any information provided. Company assumes no responsibility for errors or omissions in the Services. You must conduct Your own research before acting on any information received through INDmoney Platform. Company shall not be responsible or liable for any losses, costs, expenses, charges, including notional losses/lost opportunities incurred by You as a result of acting or non-acting on any information/material received through the Service.
COMPANY SHALL NOT BE HELD RESPONSIBLE AND / OR LIABLE FOR ANY LOSSES, DAMAGES, CLAIMS, PENALTIES, ERRORS, DEFECTS, DELAYS, OMISSIONS, COMPLIANCE WITH DESCRIPTION, COMPENSATIONS, TRADING LOSS(ES), OPPORTUNITY LOSS(ES), SPECIFIC QUALITY OF ANY SERVICES, OR FACILITIES, ANY INTERRUPTION OR CESSATION OF TRANSMISSION OF SERVICES, MERCHANTABILITY, MARKETABILITY, PROFITABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF SERVICES, AND NON-INFRINGEMENT OF THIRD PARTY RIGHTS ARISING DUE TO OR IN RELATION TO NON-PLACEMENT OR REJECTION OF ORDERS OR DUE TO PROVISION OF THESE SERVICES.
INVESTING IN IPO’S CARRIES RISKS, INCLUDING THE RISK OF LOSING YOUR INVESTMENT. YOU ARE RESPONSIBLE FOR CONDUCTING YOUR OWN RESEARCH AND DUE DILIGENCE BEFORE MAKING ANY INVESTMENT DECISIONS. WE DO NOT PROVIDE INVESTMENT ADVICE, RECOMMENDATIONS, OR SOLICITATION OF OFFER TO BUY OR SELL OR SUBSCRIBE FOR SECURITIES. USERS ARE RESPONSIBLE FOR THEIR INVESTMENT DECISIONS. INDMONEY IS JUST ACTING AS THE FACILITATOR OF THE IPO. PLEASE BE INFORMED THAT MERELY OPENING OF TRADING AND DEMAT ACCOUNT ON THE INDMONEY PLATFORM WILL NOT GUARANTEE THE ALLOTMENT OF SHARES IN AN IPO. YOU ARE REQUESTED TO DO YOUR OWN INDEPENDENT RESEARCH AND DUE DILIGENCE BEFORE INVESTING IN AN IPO. PAST OR PRESENT PERFORMANCES ARE NOT INDICATIVE OF FUTURE RESULTS. INVESTMENTS IN THE SECURITIES MARKET ARE SUBJECT TO MARKET RISKS, READ ALL THE RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.
PLEASE READ THE SEBI PRESCRIBED COMBINED RISK DISCLOSURE DOCUMENT PRIOR TO INVESTING. WE DO NOT PROVIDE ANY ADVICE, RECOMMENDATION OR SOLICITATION OF OFFER TO BUY OR SELL OR SUBSCRIBE FOR SECURITIES. BROKERAGE WILL NOT EXCEED THE SEBI PRESCRIBED LIMITS. INDMONEY PLATFORM IS ACTING AS DISTRIBUTOR FOR NON-BROKING PRODUCTS / SERVICES SUCH AS IPO, MUTUAL FUND, MUTUAL FUND SIP. THESE ARE NOT EXCHANGE TRADED PRODUCT. ALL DISPUTES WITH RESPECT TO THE DISTRIBUTION ACTIVITY, WOULD NOT HAVE ACCESS TO EXCHANGE INVESTOR REDRESSAL FORUM OR ARBITRATION MECHANISM. COMPANY DO NOT PROVIDE ANY PORTFOLIO MANAGEMENT SERVICES NOR IS AN INVESTMENT ADVISER.
THESE TERMS ARE SUBJECT TO CHANGE WITHOUT PRIOR NOTICE. COMPANY RESERVES THE RIGHT TO AMEND / MODIFY / ALTER THE AFORESAID T&CS AND SUCH AMENDMENT /MODIFICATION / ALTERATION BE DISPLAYED ON INDMONEY PLATFORM. BY AVAILING TO THE SERVICES, YOU AGREE TO THESE TERMS AND AMENDMENTS THERETO. THE SERVICE MAY BE WITHDRAWN OR DISCONTINUED WITHOUT PRIOR NOTICE. YOUR CONTINUED USE OF THE SERVICES SHALL BE DEEMED TO BE YOUR CONTINUED ACCEPTANCE TO THE AMENDED/ MODIFIED/ALTERED T&CS. ALL INVESTMENTS AND INVESTMENT RELATED DECISIONS ARE AT THE SOLE DISCRETION OF THE USER.