5paisa IPO Review (Apply Steps, UPI and Allotment Status)


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5paisa offers an online IPO application for free to all its customers. 5paisa customers can apply in IPO using UPI (Unified Payment Interface) through the 5paisa.com website. While the process is not as easy as ASBA IPO application through the 3-in-1 account, the 5paisa UPI IPO application offers an option to 5paisa customers to apply in IPO online.


5paisa IPO Apply

Applying in IPO through 5paisa is simple and convenient. It's a 3 step process:

  1. Create UPI ID on BHIM UPI app (One Time)
  2. Apply in IPO through 5paisa.com using your UPI ID
  3. Check mandate notification on BHIM UPI app and approve with UPI PIN

5paisa IPO Steps

5paisa IPO application process (step by step guide) is described as below:

1. UPI ID Creation for IPO Application (One Time)

5paisa offer IPO application through UPI. Read UPI for IPO Application (Unified Payments Interface for IPO) for more detail.

5paisa customer first has to create a UPI ID, if they don't have one. UPI ID can be created using BHIM UPI App or using the online mobile banking app of any bank including ICICI, HDFC where you hold your account.

2. Apply in IPO using 5paisa Console

  1. Login to your 5paisa trading account through Web/App
  2. Go to IPO section by clicking IPO link in the top-right menu
  3. Select the IPO you wish to apply
  4. Fill IPO application form
  5. Submit the IPO application

3. Accept the UPI Mandate

  • After a few hours (usually end of the day), you will receive a mandate request on your UPI app (either BHIM or your net banking App)
  • Approve the standing instruction (mandate).

Note: You will need to approve the UPI request sent by the bank using your BHIM app to ensure successful placement of the IPO Bid.


5paisa IPO Allotment Status

For IPO's applied through 5paisa, the IPO allotment status can be checked from the IPO registrar's website. Registrar of the IPO (i.e. Karvy, Link Intime) publishes the IPO allotment status as soon as the allotment process is complete.


About 5Paisa

5paisa offering low-cost online financial services to retail customers in India.

5paisa is a discount broker, an online stock broker offering cheap brokerage plans to retail and institutional customers in India.

5paisa change flat ₹20 per trade irrespective to the trading segment or size of the trade. This is extremely cheaper in comparison to traditional full-service stock broker who charge brokerage in percentage of the trade value.

5paisa Special Offer

Frequently Asked Questions

  1. 1. How to buy IPO in 5paisa?

    It's easy and convenient to apply for IPO with 5paisa. You can use UPI as the payment option while subscribing to an IPO. Following are the simple steps to apply in IPO with 5paisa:

    1. Go to 5paisa.com website or log in to 5paisa mobile app
    2. Visit IPO section
    3. Choose the IPO to apply
    4. Enter your UPI ID*
    5. Submit the bid

    * If you do not have UPI ID, download BHIM UPI app and generate your UPI Id.

     

  2. 2. Does 5paisa offer IPOs?

    Yes, 5paisa offers an online IPO application using the UPI mechanism. 5paisa customers can apply in an IPO on its website or mobile trading app. The process of online IPO application is simple with just one online order form to be filled and then approving the UPI mandate. The customer can also modify or delete their IPO bids at any point of time when IPO is open for bidding.

     

  3. 3. How to apply in IPO through 5paisa?

    5paisa offers online IPO on its website and mobile trading app using UPI as a payment gateway. The online IPO application facility is available free of charge. Following are steps to apply in an IPO with 5paisa:

    • Login to 5paisa website or mobile trading app
    • Go to IPO section
    • Select the IPO you wish to invest
    • Enter IPO details like price, quantity and your UPI ID
    • Check details and Confirm
    • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

    Note: The UPI Mandate may up to 12 hours to show up in your UPI App (Net banking or BHIM app). The IPO application is submitted to the exchanges only after UPI mandate is approved by the customer.

     

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Information on this page was last updated on Thursday, October 1, 2020


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