Applying for an IPO on the Upstox platform is easy. Visit www.npci.org.in/what-we-do/ipo/live-partners to know the supported UPI apps.
To watch how to apply for an IPO on Upstox, see the video below:
All you need to do is follow these steps:
Step 1: Login to the Upstox app using your 6-digit Pin or Biometrics.
Step 2: Visit the ‘Discover’ tab from the navigation bar at the bottom and click on ‘Invest in IPO’ where you will see all ongoing IPOs.
Step 3: Click on ‘Apply’
Step 4: Fill all the required details and click on ‘Continue’.
Step 5: Enter the UPI ID and click on ‘Confirm’
Step 6: Click on status to check your application status and on the same screen you will see a UPI Mandate payment pending message
Step 7: Accept the mandate on the UPI app.
Step 8: Once the mandate request is accepted, you can check your application status under the ‘Status’ tab.
Step 9: You can also check the timeline for your IPO application with date details
Note: The IPO ‘Apply’ button will be enabled during non-market hours for initial two days. However the mandate will be created during business hours only i.e. from 10 am to 5 pm and as per the exchange notice , mandate acceptance time shall expire at 5 pm on the closing day of the IPO.
The bank account mapped to the UPI ID should be of the person applying for the IPO. The IPO application will get rejected if a different UPI ID is used.
Mandate Refund: Refund will be done within 10 days or till the end date of Mandate.Your bank is supposed to release the IPO blocked amount automatically on or before the mandate expiry date if you haven’t got the IPO allotment. The bank account used to block IPO funds will be the one where the mandate refund amount (if applicable) will be reflected. Hence, ensure to check only this bank account for the mandate refund amount.