[IPO] Nykaa: Open to apply | How to Apply for this IPO for Free
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The Initial Public Offering for Nykaa Fashion is now Open. The company has now come up with an IPO, wherein you can bid to become one of the first shareholders of Nykaa.
Nykaa is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. It has a diverse portfolio of beauty, personal care, and fashion products, including products manufactured by us. It offers consumers an omnichannel experience with an endeavor to cater to the consumers’ preferences and convenience.
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Price per share: Rs.1085 – Rs.1125
Lot size: 12 (i.e. you’ll have to apply for multiples of 12 shares)
Closing date: 1 Nov 2021
To be listed on: 11 Nov 2021
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You can invest in this IPO for that you need account.
But for for middle class family is not profitable to open this account because such apps demand ₹500 to 1,000 every year as a Annual Maintenance Charges.
So I will recommend you groww app, because there is Maintenance Charges is zero, No hidden charges. Also you will get ₹100 as sing up bonus also. They now launched this feature to invest in IPO in mobile device also.
Click on Buy button to direct install & to get Reward
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I am CEO of groww. That’s why I am promoting groww. Hahaha. Isn’t it?
And I am written apply for free because, for that we need demat account. But I there is heavy charges for middle class like me. And may people not want to pay extra. So I done research online & compared nearly 20 to 30 broker. Finally I find this app in which no hidden charges of AMC.
I always see people here running around things that are free which is good for some things and situations.
But when it comes to investing your money, free is not always good. It’s the worst mindset to go for a service just coz it is free.
If you are going to buy an ipo and invest roughly 13500 min in it, way do you need to look into a demat that is free, go for a demat who you know is reliable and whose support is great if something happens with the money.
500/year is not a huge amount if you are using the demat to invest regularly and can be easily recovered with the profits.
People are happy to spend 500 for a pizza etc(which I am not saying not to do) but are not willing to pay 500/year for a service that is actually helping in managing your investments..
Choose a service that will make your investment process easier and will help you I case anything goes wrong and be willing to pay for the services who helps you out in your investment journey.
When it comes to investing your money, free is not always good.
I completely agree with your statement, but did you in past you heard about NSDL & CDSL.
P.S. I have no idea about grow as a service, maybe it’s great and in that case people can happily use it.
But just creating an account just coz it’s free and gives you cashback and trusting them to manage your investments is just big red flag that maybe you are not ready for investing…
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You’re running ahead of time. Did you use anykind of time machine?