ICICI Direct Stock trading, Demat, Brokerage and Reviews 2018


ICICI Direct is a retail trading and investment service from ICICI Direct Securities, the largest retail stock broker firm in India

offering a wide range of investment options to the retail and institutional customers. ICICI Direct Securities is part of ICICI Direct Group, India's top financial service provider offering banking and other financial services. ICICI Direct Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICI Direct.com).

ICICI Direct.com is the flagship website of ICICI Direct Bank. This website offers a complete suite of investment products such as Online Equity trading, Derivatives trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products, Home Loans, Loan against Securities etc.; all under one login. ICICI Direct.com is among the most visited investment portals in India.

The 3-in-1 account, which includes ICICI Direct Bank Account, ICICI Direct trading Account and ICICI Direct Demat Account, is the key offering for retail stock market investors in India. It provides extremely simple and efficient way to invest in stock market and other financial instruments. The customers can visit any of the over 1500 ICICI Direct Bank branches or ICICI Direct offices to get in-person help on financial products which are sold through ICICI Direct direct.

ICICI Direct also offers timely pay-in and pay-out, hassle free settlements and above all local and personalized service.

Do you trade with ICICI Direct?

Information about ICICI Direct account opening, ICICI Direct open account, ICICI Direct opening charges, ICICI Direct account opening charges, ICICI Direct account opening status, ICICI Direct amc charges, ICICI Direct account charges, ICICI Direct account closure

ICICI Direct's trading Platforms

ICICI Direct offers 2 trading platforms to its customers:

1. Share trading Account (Website Based trading)

Website based online Share trading Account by ICICI Direct is primarily for buying and selling of stocks at BSE and NSE. The ICICI Direct website allows Cash trading, Margin trading, MarginPLUS trading, Spot trading, Buy Today Sell Tomorcol-md-12, IPO Investment, Mutual Fund Investment etc.

ICICI Direct.com website is the primary Investment vehicle of ICICI Direct Limited.

2. trade Racer (trading Terminal)

trade Racer is a power packed trading platform which provides an investor with Live streaming quotes & Research Calls, integrated fund transfer system along with multiple watch list facility. Investor can also do technical analysis with the help advance charting tools. Single Order entry page for Equities and Derivatives, Technical Analysis, Integrated Fund transfer System, Customized Interface, Intra-day and EOD Charts and Shortcut keys for faster access to markets are some of the key features of trade Racer Terminal.

trade Racer Subscription Fee (Cost of using ICICI Direct trading Terminal)

trade Racer, the installable trading terminal from ICICI Direct is free for customers who give a brokerage of more than Rs 750 in a month. For others (if the trade Racer facility is activated by the customer); ICICI Direct charges Rs 75 per month towards subscription for trade Racer.

Find info about ICICI Direct platform, ICICI Direct trading platform, ICICI Direct trading software, ICICI Direct trading demo, ICICI Direct Demo, ICICI Direct download, ICICI Direct software download, ICICI Direct software, ICICI Direct stop loss, ICICI Direct trading and ICICI Direct trading account.

ICICI Direct Brokerage Charges 2018

  • trading Account Opening Charges (One Time): Rs 975
  • trading Annual maintenance charges (AMC): Rs 0
  • Demat Account Opening Charges (One Time): Rs 100 (for Agreement Stamp Paper)
  • Demat Account Annual Maintenance Charges (AMC): Rs 500 (Rs 0 for 1st year with 3 in 1 Account)

ICICI Direct offers 2 types of brokerage plans to its customer:

  1. I-Secure Plan (Flat brokerage Plan)
  2. This plan offers Flat Brokerage (in %) irrespective of turnover value. This plan is suitable for traders / investors looking at secured and fixed brokerage.

  3. I-Saver Plan (Variable brokerage plan)
  4. This plan offers brokerage based on the trading volume i.e. high brokerage for low volume and low brokerage for high volume trades. This plan suitable for traders / investors who trade in high volumes and can benefit from low brokerage.

ICICI Direct Other Brokergae Charges

  1. Minimum Brokerage ICICI Direct: ICICI Direct charges minimum brokerage of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  2. ICICI Direct charges flat 5 paisa per share (Rs 0.05) brokerage on stocks priced less then Rs 10 per share.

Useful Articles:

  • The Best 3-in-1 trading Account in India Stock Market - ICICI Direct Bank, HDFC Bank, SBI, Kotak Securities etc
  • Know about Flat Fee Share Brokers in India (Also known as budget broker or discount broker)

Get detail about ICICI Direct pricing, ICICI Direct brokerage calculater, ICICI Direct brokerage, ICICI Direct plans, ICICI Direct brokerage review, ICICI Direct brokerage plans, ICICI Direct fund transfer, ICICI Direct intraday brokerage, ICICI Direct charges, ICICI Direct charge list, ICICI Direct charges calculator, ICICI Direct prepaid brokerage plans, ICICI Direct yearly charges, ICICI Direct fees, ICICI Direct yearly maintenance charge, ICICI Direct option brokerage and ICICI Direct trading charges.

How to open account with ICICI Direct Securities Pvt Ltd.?

For Online Stock trading with ICICI Direct, investor needs to open 3 accounts: ICICI Direct Bank Account, ICICI Direct trading Account and ICICI Direct Demat Account (DP Account).

Note: If you already have a bank account or demat account with ICICI Direct, you could link it with new ICICI Direct trading account.

Opening trading account with ICICI Direct is easy. You could use one of the following options to open account with ICICI Direct.

  • Visit ICICI Direct.com and fill the "Open an Account" form.
  • Call ICICI Direct and tell them that you are interested in opening an account with them.

In both the cases ICICI Direct representative contact you in a day or two and tell you about the procedure to open the account. They usually send somebody to your home to collect documents, signature and for demo if required.

Get information about ICICI Direct broker, ICICI Direct branches, ICICI Direct sub broker, ICICI Direct support, ICICI Direct customer care, ICICI Direct user reviews, ICICI Direct user manual, ICICI Direct website, ICICI Direct review and ICICI Direct toll free number

ICICI Direct Pros and Cons

ICICI Direct Advantages

  1. 3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICI Direct and very well integrated. This feature makes ICICI Direct the most interesting player in online trading facility. There is absolutely no manual interfere require. This is truly online trading environment.
  2. Unlike most of the online trading companies in India which require transferring money to the broker's pool or towards deposits, at ICICI Direct you can manage your own demat and bank accounts through ICICI Direct.com. Money from selling stock is available in ICICI Direct bank account as soon as the ICICI Direct receive it.
  3. Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Direct Lombard.
  4. trading is available in both BSE and NSE.
  5. Low bandwidth website is available for slow internet connection or for trading from mobile devices.
  6. Through myGTC feature, you can place buy and sell limit orders in equity scripts of your choice; specifying the period for which you want the order instruction to be valid.

ICICI Direct Disadvantages

  1. ICICI Direct brokerage is high and not negotiable.
  2. ICICI Direct doesn't offer commodity trading. With ICICI Direct trading account you cannot trade at MCX or NCDEX.
  3. With ICICI Direct.com e-Invest account(3-IN-1 concept), the Demat Account has to be opened with ICICI Direct Bank Ltd as the Depository Participant (DP) and the Bank Account has to be opened with ICICI Direct Bank Ltd. as the Banker.
  4. ICICI Direct minimum brokerage charge is Rs 35 per trade which is very high for traders who does small trades.
  5. ICICI Direct Charges Rs 75 per month fee for using trading Terminal (trade Racer) if customer pays brokerage of less then Rs 750 per month.
  6. ICICI Direct charges flat Rs 0.05 per share brokerage on stocks quoting upto Rs 10. This makes it very difficult to trade in penny stocks.
  7. ICICI Direct charges Rs 25 per call for call & trade after first 20 free calls in a month.

ICICI Direct Complaints received at BSE / NSE:

Number of customer complained against ICICI Direct Securities Pvt Ltd. share broker. The ICICI Direct Securities Pvt Ltd. consumer complaints provide the summary of grievance which went to exchange for resolution.

* Number of active clients the broker or trading member has. As per SEBI guidelines each broker reports the newly added clients to the exchange though unique client code (ucc) process. The informaiton on this page is provided by the exchange.

** The total number of complaint received against the broker at the given exchange.

Useful links about ICICI Direct

  1. Website: http://www.ICICI Direct.com

Enquiry Form

ICICI Direct Brokerage Charges, Fees, AMC, transaction Charges 2018

ICICI Direct is a retail trading and investment service from ICICI Direct Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Direct Securities is part of ICICI Direct Group, India's top financial service provider offering banking and other financial services. ICICI Direct Securi...Read More

ICICI Direct offers stock trading account and demat account services. Customer pays the fees, commission and taxes while trading with ICICI Direct. ICICI Direct fee structure and trading commission rates are explained as below.

ICICI Direct Account Opening Fee / Annual Maintenance Charges (AMC)

To open ICICI Direct account you have to pay account opening charges and annual maintenance charges (AMC).

ICICI Direct Brokerage Charges 2018

Customer pays commission (brokerage) when buying or selling stocks through ICICI Direct. The brokerage charges for equity, commodities and currency derivative trading for ICICI Direct are explain as below.

ICICI Direct Demat Account Charges 2018

The demat account transactions are charged separately from trading commission. Find ICICI Direct demat account charges 2018.

All information about ICICI Direct demat account, ICICI Direct demat account review, ICICI Direct demat account charges, ICICI Direct demat account opening, ICICI Direct dp charges, ICICI Direct demat charges and ICICI Direct dp id

ICICI Direct transaction Charges / Turnover Charge

A combination of Exchange Turnover Charge and trade Clearing Charge. Know more about transaction Charges.

Do you trade with ICICI Direct? Rate ICICI Direct

  1. Website: http://www.ICICI Direct.com

Find information about ICICI Direct account opening, ICICI Direct open account, ICICI Direct opening charges, ICICI Direct account opening charges, ICICI Direct account opening status, ICICI Direct amc charges, ICICI Direct account charges and ICICI Direct account closure.

ICICI Direct Broker FAQs 2018

ICICI Direct is a retail trading and investment service from ICICI Direct Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Direct Securities is part of ICICI Direct Group...Read More

Frequently Asked Questions about ICICI Direct Trading / Demat Accounts

Do you have questions about ICICI Direct share trading account or ICICI Direct demat account?

Get all your share trading doubts and questions answered by reading the ICICI Direct demat, trading account information FAQ. All ICICI Direct questions, ICICI Direct q&a, ICICI Direct faq and ICICI Direct questions and answers.

  1. Which type of stockbroker ICICI Direct is?

    Full Service Broker

  2. In which stock or commodity exchanges in India I can trade through ICICI Direct?

    ICICI Direct offers trading at - BSE, NSE.

  3. How much does ICICI Direct charges for account opening?

    ICICI Direct charges Rs 975 to open trading account.

  4. Is there an Annual Maintenance Charge for ICICI Direct trading account? How much is the ICICI Direct's AMC for trading account?

    NIL

  5. How much does ICICI Direct charges for Demat Account opening?

    NIL

  6. How much is the yearly Demat Account Maintenance Charges with ICICI Direct?

    Rs 600

  7. Is Demat Account Mandatory with trading account at ICICI Direct?

    Yes, Demat Account is mandatory when opening trading account with ICICI Direct.

  8. What are the ICICI Direct's brokerage charges for Equity Delivery Trading?

    0.55%

  9. How much does ICICI Direct charge for Equity Intraday Trading (Day Trading of Shares)?

    0.275%

  10. What are the ICICI Direct's equity futures brokerage charges?

    0.05% to 0.03%

  11. How much does ICICI Direct charges for Equity Options Trading in India?

    Rs 95 to Rs 35 per lot

  12. What are ICICI Direct's Commodity Brokerage Charges?

    NA

  13. What are ICICI Direct Currency Derivatives (Future) Brokerage Charges?

    0.050% to 0.030%

  14. ICICI Direct Currency Derivatives (Options) Brokerage Charges?

    Rs 25 to Rs 10 per lot

  15. How much is the Minimum Brokerage charged by ICICI Direct?

    Rs 35 per trade

  16. What are ICICI Direct's transaction charges for Equity Delivery Trading?

    NSE: 0.0031% | BSE: 0.0028%

  17. What are 's transaction charges for Equity Intraday Trading (stock day trading)?

    NSE: 0.0031% | BSE: 0.0028%

  18. What are the Equity Futures Transaction Charges at ICICI Direct?

    0.0018%

  19. ICICI Direct transaction charges for Equity Options Trading?

    0.05% on Premium

  20. ICICI Direct transaction charges for futures (Currency Derivatives Trading)?

    0.0012%

  21. ICICI Direct transaction charges for options (Currency Derivatives Trading)?

    0.05% on Premium

  22. How much is the transaction charge for commodity trading at ICICI Direct ?

    NA

  23. Does ICICI Direct offer Equity (Share) Trading?

    Yes; you can trade in equity segment with ICICI Direct.

  24. Can I buy / apply for an IPO through ICICI Direct?

    Yes; you can apply in IPO's if you have trading account with ICICI Direct.

  25. Does ICICI Direct offer investing in Mutual Funds?

    Yes; you can buy / sell Mutual Fund's if you have trading account with ICICI Direct.

  26. Can I buy or trade Bonds and NCD's with ICICI Direct?

    Yes; you can trade in bonds and NCD's with ICICI Direct.

  27. Does ICICI Direct offer Commodity Trading?

    No; you can't trade in commodity segment with ICICI Direct.

  28. Does ICICI Direct offer Currency Derivative Trading?

    Yes; you can trade in currency derivative segment with ICICI Direct.

  29. Does ICICI Direct stock broking company provide mobile trading application? Can I trade through mobile phones with ICICI Direct?

    Yes; cell phone apps are available to trade on phone with ICICI Direct.

  30. Can I open 3-in-1 account with ICICI Direct? Account which include share trading account, demat account and a linked bank account for seamless transitions.

    Yes; 3 in 1 account is available with ICICI Direct.

  31. Does ICICI Direct offer automated trading (algorithmic trading) for retail investors in India?

    No; ICICI Direct doesn't offer automated trading to its retail trading customers.

  32. Does ICICI Direct offer After Trading Hours Order or After Market Order (AMO) or Off Market Orders? Can I place orders after trading hours; the orders which gets executed when market opens next time? Can I place an order when the market is closed?

    Yes; you can place 'After Trading Hours' Order with ICICI Direct. The After Hour Sessions enable you to place orders even when the market is closed. The timings of the After Hour Order varies by broker to broker. Most brokers allows to place the AMO orders between 3:30 PM to 9:00 AM on trading day and 24 hrs on non trading day (weekends or trading holidays).

    Note: After hour facility for order placement may not be available certain segments. Please check with the broker for more detail about this service.

  33. Can I place Good Till Cancelled (GTC) orders though ICICI Direct? With Good Till Cancelled trading orders; order remains in the system until you cancels it or they gets executed.

    Yes; you can place GTC Orders with ICICI Direct.

  34. Does ICICI Direct offer Margin Funding for share / commodity trading?

    No; Margin funding is not available when trading with ICICI Direct.

  35. ICICI Direct uses which trading platform or trading software?

    Trade Racer

  36. Does ICICI Direct offer 24x7 customer service?

    No; ICICI Direct doesn't provide 24x7 customer service.

  37. Does ICICI Direct provide customer support though online Chat on website?

    No; ICICI Direct doesn't provide customer service through Chat service online.

  38. Does ICICI Direct has a toll free phone number for customer support?

    No; ICICI Direct doesn't provide toll free number for customer support.

  39. Does ICICI Direct offer customer service through local branch offices or broker franchise?

    Yes; ICICI Direct offers customer service through local branch offices, local partners and franchises.

  40. Does ICICI Direct publish Daily Market Research Reports?

    Yes

  41. Does ICICI Direct provide any Stock/Commodity trading tips or investment strategies to its customers?

    Yes' ICICI Direct provide free tips for stock and commodity trading to its customers.

ICICI Direct Demat Account Charges / Review / Opening

Incorporated in 1994, ICICI Direct Bank is India’s largest private sector bank (2nd largest bank after SBI) offering wide range of financial services though a network of 4,850 Branches located across India. ICICI Direct Bank has over $100 billion asset under management.

The 3-in-1 account offers:

  • Investment & trading across all segments.
  • Online and offline access to investments.
  • Online IPO, Mutual Fund, NCD, FDs, Insurance ect.
  • Auto deposit of dividend and bonus shares

ICICI Direct Demat Account Key Features:

  • ICICI Direct has over 25 lakh demat account customers
  • Offers 100% online demat account.
  • Electronic statement every month.
  • Dividend, interest and bonus deposited directly in the account.
  • SMS alerts for demat transactions
  • Customer services is available through ICICI Direct Bank branches
  • Mobile app to manage the account

ICICI Direct Demat Acct Opening Fee

To open a new demat account with ICICI Direct, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the ICICI Direct Demat Account Opening Charges and ICICI Direct AMC as below:

  • ICICI Direct DP Account Opening Fee: NIL
  • ICICI Direct DP Account AMC>: Rs 600
  • Share Debit Transaction Fee:
  • Is demat account mandatory?: No

ICICI Direct Demat Account Transaction Charges

Information about ICICI Direct demat account, ICICI Direct demat account review, ICICI Direct demat account charges, ICICI Direct demat account opening, ICICI Direct dp charges, ICICI Direct demat charges, and ICICI Direct dp id.

ICICI Direct Mobile Trading App Review

ICICI Direct Mobile App offers the same simplicity and features that its customers experience on ICICI Direct.com, the flagship investment and trading platform of ICICI Direct Securities Ltd.

ICICI Direct Mobile Trading application allows customers to:

  • Trade online (in equity and equity F&O) and invest in Mutual Funds.
  • Apply for IPO shares.
  • View live stock quotes, market watch, equity portfolio, Equity F&O) portfolio, Charts, your networth etc.
  • Get customer service.
  • Get alerts and research calls on real-time basis

Supported Platform / Devices

  • ICICI Direct Trading App for iPhone

    ICICI Direct Trading app for iOS (Apple iPhone) is available at iTunes for download.

  • ICICI Direct App for Android Phone

    ICICI Direct Trading app for Android phones is available at Android Play Store for download.

  • ICICI Direct App for Windows Phones

    The mobile trading app is available at Windows Apps Store.

Key Features of ICICI Direct Mobile App

  • Trade in Equity and F&O
  • IPO Investment
  • Mutual Funds investment
  • Streaming Quotes
  • Customized Watch list
  • Charts
  • Customer Service

Information about ICICI Direct app, ICICI Direct for iphone, ICICI Direct mobile app, ICICI Direct mobile trading app, ICICI Direct platform, ICICI Direct trading platform, ICICI Direct trading software, ICICI Direct trading demo, ICICI Direct Demo, ICICI Direct download, ICICI Direct software download, ICICI Direct software, ICICI Direct stop loss, ICICI Direct trading and ICICI Direct trading account.

ICICI Direct Account Opening

ICICI Direct (ICICI Direct Securities Ltd) is the largest stock broker in India offering retail trading and investment services. ICICI Direct offers 3-in-1 account, the most convenient way to invest in share market in India. The 3-in-1 account is combination of saving bank account, trading account and demat account opened and linked together for seamless transactions between these accounts.

ICICI Direct Account Opening

To invest or trade in stock market with ICICI Direct bank, you have to open a 3-in-1 account with them. If you already have demat or bank account with ICICI Direct Bank, these can be linked to make it 3-in-1 account. Note that with ICICI Direct its compulsory to open all 3 accounts with them. You cannot link other bank account or other demat account with ICICI Direct trading account.

Once you open trading account with ICICI Direct, you could invest in Equity, IPO, Mutual Funds, Derivative Products (Equity F&O and Currency F&O), Systematic Investment Plans (SIP), Fixed Deposits, NCDs etc.

Note minimum balance of Rs 5000 (Monthly Average Balance) has to be maintained in ICICI Direct Bank Saving Account linked with 3-in-1 account.

ICICI Direct Open Account - Easy Steps

To open account with ICICI Direct, you could follow one of the steps below:

  1. Visit ICICI Direct Bank branch in your city to fill in the application for opening an account. ICICI Direct Bank has the widest network of branches all around India. Most of the branches of ICICI Direct Bank offer ICICI Direct 3-in-1 account opening. This is the quickest way to open an account with ICICI Direct.
  2. Fill an online registration form on ICICI Direct website. Simply choose 'Apply On Line - Resident Account', fill the online application form and submit it. Once submitted, an ICICI Direct Bank representative will visit you within 2 working days to complete the other account opening formalities.

Note that while ICICI Direct executives says that it usually take 2 to 3 working days for a 3-in-1 account to open once you submit all the forms and supporting documents, in most cases it may take up to 7 working days.

ICICI Direct Account Opening Status

Once you submit the account opening form in the ICICI Direct Bank branch or filled the application online, you could check the status of account opening online by visiting the 'See Your Application Status Online' on the Customer Service page of icicidirect.com. You would need 'Application/Form Number' and 'Date of Birth' to check the application status online.

Note that it takes minimum 2 days to update the ICICI Direct Bank account opening status.

If you have registered online and didn't get the executive visited your home, you can always visit the local ICICI Direct Bank branch or call customer services helpline to prioritize the ICICI Direct account opening process.

ICICI Direct Account Opening Form

ICICI Direct Account Opening Forms are available in ICICI Direct Bank branches. You could also call ICICI Direct Bank sales helpline to arrange an executive visit to your home and he will bring the forms along with him.

ICICI Direct Account Closure

If customer do not do any trades for 6 month, the ICICI Direct trading account become "Inactive" or "Dormant" trading account. The account remain on the customer's name and the broker keep charging Annual Maintenance Charges (AMC) on this account. To reactivate the ICICIDIrect account, customer has to contact ICICI Direct Bank.

If customer is not using the ICICI Direct trading and demat account, it is recommended to close the account to avoid almost Rs 1000 per year AMC.

ICICI Direct customer may close the accounts with ICICI Direct Securities at any point of time. Easiest way to close ICICI Direct account is to visit the ICICI Direct Bank branch and submit an application for Account Closure. Every branch has a sample application which they print and give it to the customer to sign.

Note that after the application is submitted for account closure, it may take up to 2 working days to close the account.

ICICI Direct customer can also delink the demat and bank account, if they want so. Once again an application is to be filled and submit in the branch to delink the accounts.

ICICI Direct do not charge anything for account closure.

ICICI Direct Account Opening Charges

Customer pays account opening fee for trading account opening with ICICI Direct. The account opening fees are as below:

  • ICICI Direct Account Opening Charges (Trading Acct): Rs 975
  • ICICI Direct AMC Charges (Trading Acct): NIL
  • ICICI Direct Account Opening Charges (Demat Acct): NIL
  • ICICI Direct AMC Charges (Demat Acct): Rs 600

Information about ICICI Direct account opening, ICICI Direct open account, ICICI Direct opening charges, ICICI Direct account opening charges, ICICI Direct account opening status, ICICI Direct amc charges, ICICI Direct account charges and ICICI Direct account closure.

ICICI Direct Branches

ICICI Direct is an online investment website of ICICI Direct Securities Ltd, a subsidiary of India’s largest private sector bank, the ICICI Direct Bank. ICICI Direct offers most of its customer services through its website ICICI Direct.com.

They also offer customer service though branches which are located around the country in almost all major cities in India. These branches are also called neighborhood financial superstores by ICICI Direct Bank.

Customer could visit and local ICICI Direct Bank branch and ask for help related to ICICI Direct 3-in-1 account. If the branch doesn’t offer ICICI Direct services, they usually direct you to the branch

Customer could visit and local ICICI Direct Bank branch and ask for help related to ICICI Direct 3-in-1 account. If the branch doesn’t offer ICICI Direct services, they usually direct you to the branch

ICICI Direct website provide the branch locator under customer service section. This locator can be used to locate the branch nearby you.

Click on the below button to find the nearest ICICI Direct around you.

ICICI Direct Branch Locator

Using above button you can find out:

  • ICICI Direct Branches in Delhi
  • ICICI Direct Branches in Bangalore
  • ICICI Direct branches in Hyderabad
  • ICICI Direct branches in Pune
  • ICICI Direct branches in Chennai

Information about ICICI Direct broker, ICICI Direct branches, ICICI Direct sub broker, ICICI Direct support, ICICI Direct customer care, ICICI Direct user reviews, ICICI Direct user manual, ICICI Direct website, ICICI Direct review, ICICI Direct toll free number and ICICI Direct complaints.

ICICI Direct IPO

ICICI Direct, an ICICI Direct Securities Ltd investment portal offers IPO's as a key product offering. With ICICI Direct.com, customers can apply in Initial Public Offers (IPO) and (Follow-on public offers) FPO at BSE & NSE.

Online IPO Application of ICICI Direct Bank is the easiest, fastest and most convenient way to apply for IPO shares.

How to apply for IPO in ICICI Direct?

Below are few easy steps to apply in an IPO with ICICI Direct:

  1. Login to ICICI Direct.com
  2. Go to 'Trade & Invest' >> 'IPO'. This will show the list of IPO's available.
  3. Click 'Go' (in the last column) of the IPO you would like to apply for.
  4. Fill the quantity and price and click 'Submit'.
  5. Confirm the application by accepting the terms & conditions. Click 'Confirm'.
  6. Allocate the required fund and click 'Submit'.
  7. Check the order book for application no. and status.

Once you submit the online IPO form, ICICI Direct.com will complete the all the formalities related to submission of your IPO form, using the Power of Attorney issued by you at the time of account opening.

ICICI Direct IPO Demo (5 Steps to Apply in IPO)

Apply IPO with ICICI Direct in 5 easy step. Follow the screenshots below:

Applying in SME IPO's with ICICI Direct

As of Sept 2016, ICICI Direct Bank doesn't offer online applications for SME IPO's (IPO's at BSE SME and NSE Emerge exchange).

ICICI Direct Customer has to apply in SME IPO's by filling the paper IPO application forms.

Checking IPO application status with ICICI Direct

Follow the below simple steps to check the status of you IPO application though ICICI Direct:

  1. Login to ICICI Direct.com
  2. Go to: Trade & Invest >> IPO >> History >> Order Book
  3. Enter the form date, to data and status (say Executed). Click 'View' button.
  4. Find the application status, number of shares allocated and other related info.
  5. Click on 'transaction id' of an IPO to see the application detail.

ICICI Direct IPO Charges

ICICI Direct Bank Online IPO Application is free for all its customers having 3-in-1 account. Customer do not pay any fee, charges or taxes to apply for IPO shares.

Note: Customer has to pay brokerage and taxes when they sell the shares allocated to them though IPO. The changes are same as you sell any shares bought directly from the stock market.

ICICI Direct is most expensive stock broker in India and there brokerage are highest in the industry. Discount stock brokers like ProStocks charges 60 to 90% less brokerage charge but they do not offer IPO as a product.

ICICI Direct IPO Allotment Status

On allotment, the IPO shares are directly credited to your demat account and available for you to sell them on date of list at the respective exchanges.

You can check the IPO Allotment Status on ICICI Direct direct website. Please follow the steps below:

  1. Go to http://www.ICICI Direct.com
  2. Trade & Invest >> IPO >> History >> Order Book
  3. Enter the form date, to data and status (say Executed). Click 'View' button.
  4. Find the IPO Allotment Status

Note: The IPO allotment status on ICICI Direct website is updated only after the shares are transferred to your demat account (usually a day before IPO shares listing). If you would like to check the allotment status earlier, please visit IPO registrar's website.

ICICI Direct IPO FAQ's

  1. Is there a specific time of day when I can apply for IPO online using ICICI Direct?

    While an IPO is open for bidding, you can place the order for IPO share anytime (24x7) by visiting ICICI Direct website.

  2. Can I place IPO order though Call & Trade?

    Yes, ICICI Direct customer can place orders to buy & sell shares, apply in IPO, buy mutual funds, trade in Equity F&O over the phone using ICICI Direct Bank Call & Trade service. This service is offered free of charge to all its customers for up to 20 calls in a month. After that customer has to pay Rs 25 per call as Call & Trade fee.

  3. Can I withdraw the IPO Application applied online through ICICI Direct?

    Yes, you can withdrew an IPO Application while the IPO is still open (bidding is in progress). Simply Follow login to ICICI Direct direct website, visit the IPO Order book for placing a withdrawal request.

    After successful processing of your withdrawal request, the money will be unblocked in your bank account.

  4. Once I apply, when will the money be debited from account?

    At ICICI Direct.com, application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.

  5. When will the money credited back into account in case if don't get allotment?

    At ICICI Direct.com, application is applied under ASBA and so the money only gets blocked once you apply in the IPO. In case shares gets allotted, the value of shares allotted gets debited and remaining funds if any, gets released/unblocked. This generally happens on the 5th working day post closure of IPO.

  6. How long does it take for allotment process to get over?

    Post IPO is closed the allotment process gets completed within next 5 working days and on the 6th working day the shares are listed on the exchange.