How To Apply
UPI IPO Guide
Step-by-step guide to applying for IPOs using UPI, approving the mandate and avoiding common application failures.
Editorial note: This article is for IPO education only. Always verify issue details with the RHP, registrar, exchange notices and your financial advisor before investing.
UPI has made IPO applications easier for retail investors. You apply in your broker app, enter a valid UPI ID and approve a mandate request in your UPI app. The money stays blocked until allotment.
Step-by-step UPI IPO process
- Open your broker or investment app and go to the IPO section.
- Select the IPO and choose lot quantity.
- Select cut-off price for a book-built IPO if you are comfortable with the final price.
- Enter your UPI ID and submit the bid.
- Open your UPI app and approve the mandate before the deadline.
- Track application status until allotment is finalized.
Common UPI IPO failures
- Mandate request not approved before deadline.
- Wrong UPI ID or inactive bank account.
- Insufficient balance when the mandate tries to block funds.
- Duplicate application using the same PAN.
UPI vs ASBA
UPI is convenient for app-based retail applications. ASBA through net banking can be useful if UPI mandate delivery is delayed or if you prefer applying directly through your bank. In both methods, the amount is blocked, not immediately spent.
Frequently Asked Questions
What is UPI mandate in IPO?
A UPI mandate blocks the IPO application amount in your bank account until allotment is finalized.
Is IPO money deducted immediately through UPI?
No. The amount is blocked first. It is debited only if shares are allotted.