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Dhan IPO Review (Apply Steps, UPI and Allotment Status)


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Dhan customers can register for both mainboard and SME IPOs on the BSE and NSE through the Dhan website and mobile app. Dhan does not charge its customers any fees to apply for an IPO.

Dhan offers online IPO application services to its customers through a website trading platform and a mobile app that uses the UPI payment gateway.

Dhan IPO application


Dhan provides its customers the ability to submit an online IPO application through its website and mobile application. Customers can easily place, cancel or delete bids online through the Dhan trading platforms.

Following is the process of applying for an IPO through the Dhan Mobile App:

Open Dhan Mobile App. Ongoing IPOs are displayed on the home screen. Alternatively, you can:

  1. Click on the "Money" tab
  2. In the IPO section, you can check the upcoming IPOs.
  3. Click on "Apply Now".
  4. Enter the details of your bid.
  5. Enter the UPI ID details.
  6. You will receive a request for payment via the UPI app.
  7. Approve the request and the money equal to the amount you requested will get blocked in your account.
Dhan Mobile IPO application


Following is the process of applying for an IPO through the Dhan Website:

  1. Open the Dhan website and log in
  2. Click on the "Market" tab
  3. Click on the IPO tab from the top left
  4. Apply for the IPO (live)
Dhan Web IPO application


Dhan IPO Charges


Dhan allows its customers to apply for an IPO for free. Dhan does not charge any amount to subscribe for any IPO.

Dhan Special Offer

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  • Free account opening and Demat AMC +
  • Brokerage-free equity delivery and flat Rs 20 per trade for intraday and F&O +
  • Separate option trading APP.

This is a limited-time offer. Open an instant account online and start trading today.

Frequently Asked Questions

  1. 1. How to apply for an IPO in the Dhan app

    You can apply for an IPO using the Dhan mobile app and website platform with the UPI payment method.

    Open Dhan Mobile App. Ongoing IPOs will be reflecting on the home screen. Alternatively, you can also 

    1. Click on the "Money" tab
    2. In the IPO section, you can check the upcoming IPOs.
    3. Click on "Apply Now".
    4. Enter the details of your bid.
    5. Enter the UPI ID details.
    6. You will receive a request on UPI App for the payment.
    7. Authorize the request, the money equal to the amount you applied will get blocked in your account.

    Following is the process of applying for an IPO through the Dhan Website:

    1. Open the Dhan website and log in
    2. Click on the "Market" tab
    3. Click on the IPO tab from the top left
    4. Apply for the IPO(live)
    5. Enter the details of your bid.
    6. Enter the UPI ID details.
    7. You will receive a request on UPI App for the payment.
    8. Authorise the request, the money equal to the amount you applied will get blocked in your account.

     

     

  2. 2. How to check the status of an IPO in Dhan app?

    To check the IPO status on the Dhan app you need to open the Order tab. Follow the below-mentioned steps to check the order status.

    1. Open the Dhan App.
    2. Click on Order Tab.
    3. Check the status of all the orders.

    Note: Order Status

    Pending - order is sent to the exchange, but the execution is pending.

    Traded- Order is placed successfully.

    Failed - Order execution failed (the reason is also mentioned once you click on the order).

    Canceled - The order has been canceled.

     

     

  3. 3. How can I cancel/delete my IPO Application?

    Dhan customers may cancel or delete the IPO application for which payment is pending or in progress.

    Follow the below steps to cancel/delete the IPO application: 

    1. Open the Dhan mobile app or website and log in.
    2. Click on the "My Bids" section under the IPO tab.
    3. Click on the IPO for which you want to Delete/Cancel the BID
    4. You can cancel your order by clicking the "Cancel Order".
    5. Click on the green ‚úÖoption to proceed with IPO cancellation.

    Note: Only IPOs with a payment pending status can be canceled or deleted.

     

     

  4. 4. Can investors apply for an IPO with the Dhan app?

    Yes, investors can apply for an IPO through Dhan App using the ASBA facility (via your bank). 

    Following is the process of applying for an IPO through the Dhan Mobile App:

    1. Open Dhan Mobile App
    2. Click on the "Money" tab
    3. In the IPO section, you can check the upcoming IPOs.
    4. Click on "Apply Now".
    5. Enter the details of the IPO.
    6. Complete the payment.

    Complete the following steps to pay for the IPO through the Dhan trading platforms:

    1. Apply for the IPO using the Dhan app or website.
    2. The exchange will send a request to block the funds via UPI mandate on the UPI application that is linked to your associated bank account.
    3. After you authorise the request, you will receive a request to block money equal to the amount you applied.
    4. If you receive the allotment, the amount will be debited from your account.
    5. If there is no allotment, the blocked funds will be released. 

     

     

Dhan Account Opening Enquiry

Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

Information on this page was last updated on Saturday, June 3, 2023

Special Offer: Invest brokerage-free stock delivery trades. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Dhan and start trading today.

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