Applying for an Initial Public Offering in India is now completely digitized and takes less than 2 minutes thanks to UPI 2.0 mandate integration and online ASBA banking.

1. Prerequisites for Bidding in an IPO

Before placing an application, ensure you possess:

  • An active Demat and Trading account with a SEBI-registered stock broker.
  • A valid PAN card linked to your bank account and demat account.
  • A UPI ID (Google Pay, PhonePe, BHIM, or Paytm) linked to your primary bank account.

2. Step-by-Step: Applying via UPI Through Your Broker

  1. Log in to your broker's app (Zerodha, Groww, Angel One, Upstox, etc.).
  2. Navigate to the IPO section and select the open IPO.
  3. Enter the quantity (in multiples of the minimum lot size).
  4. Check the box for Cut-Off Price to maximize allotment probability.
  5. Enter your valid UPI ID and submit the application.

Subscription Level Analysis

Before submitting your bid, check institutional and overall oversubscription levels on live IPO subscription status.

3. Approving the UPI Mandate

Within a few hours of placing the bid, you will receive a mandate authorization request on your UPI app (GPay/PhonePe). Accept the mandate and enter your UPI PIN. The bid amount is not debited immediately; it is simply blocked in your bank account until the allotment decision.

4. Step-by-Step: Applying via Net Banking ASBA

If you are applying for amounts exceeding ₹2 Lakh (HNI/NII category) or your broker app is experiencing server issues, log in to your bank's net banking portal (HDFC, ICICI, SBI, Axis) and navigate to the e-Services / ASBA IPO section to apply directly.

5. Tracking Subscription & Allotment

When the allotment is finalized, verify your share allocation using the check IPO allotment status portal, and follow live listing sentiment on our all IPO GMP page.