Indira Securities IPO Review (Apply Steps, UPI and Allotment Status)

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Indira Securities offers online IPO application to its customers as well as guests. You can apply for an IPO online with Indira Securities through UPI as payment gateway. Alternatively, if you are Indira Securities customer, you can also apply in an IPO through net-banking of your bank using ASBA facility. Almost all banks offer online IPO application.

Indira Securities is a full-service stock broker. It has dedicated research team who offers free investment advice, tips and recommendation to its customers. The research is also offered for IPOs.

Indira Securities offers a dedicated relationship manager (RM) to every customer who provides in-person assistance to the customer.

Steps to Apply for IPO through Indira Securities

  1. Go to Indira Securities website
  2. Click on 'IPO' in top navigation bar in blue color.
  3. If you are an existing customer, enter your client code.
  4. If you are a guest, enter your PAN and mobile number.
  5. Choose the IPO you want to invest in and click on the 'Apply' button.
  6. Enter your bid details like price, quantity and investor type.
  7. Enter your UPI ID, review your order and click submit.
  8. Open your UPI app and accept the payment request.


  • It may take up to 12 hours for you to receive the UPI payment mandate.
  • Your IPO application is not complete until the UPI payment is approved.
  • You will get an email confirmation once you IPO application is accepted.

Steps To Apply IPO in Indira Securities through ASBA

  • Log in to your net-banking account (i.e. ICICI, SBI).
  • Go to Online IPO Application section.
  • Select the desired IPO from the list.
  • Enter IPO bid detail (price, quantity)
  • Enter Indira Securities demat account information.
  • Review and submit your order.


  • Your investment amount will be blocked until the IPO allotment is done. It will be debited if you are allotted IPO shares else the fund is released for withdrawal.
  • You will get a confirmation from the bank for the successful submission of the application.
  • The allotted shares (if any) will be credited to your Indira Securities Demat Account. The shares will be available for selling on the day of listing.


Indira Securities IPO application offers convenient online IPO application. The applications has to be made using UPI as payment gateway. You could also choose to apply using ASBA by applying through net banking using your demat account with Indira Sec.

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Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.

Frequently Asked Questions

  1. 1. Does Indira Securities offer IPO?

    Yes, Indira Securities offers online IPO application services to its customers as well as guest users. You can apply in an IPO online through UPI as a payment gateway using its online IPO application.

    If you have a demat account with Indira Securities, you could also apply for IPO using your net-banking account (ASBA) with your bank. The allocated shares are credited in your Indira Securities demat account.


  2. 2. How to apply in IPO in Indira Securities?

    To apply in an IPO with Indira Securities IPO Application, you would need a UPI account. UPI ID is a unique ID assigned to your bank account for the online transaction. A sample UPI ID looks like xyz@upi or xyz@icici. You can set up a UPI ID for free using in the BHIM app or your net-banking app. Its a one-time process and doesn't need to be repeated for every IPO application.

    Steps to apply in IPO in Indira Securities

    1. Visit the Indira Securities website
    2. Click on the 'IPO > IPO for Clients' link in the top nav.
    3. Enter the Client ID if you are the existing customer.
    4. Enter PAN and Mobile Number if you are applying as a guest.
    5. Click on the IPO you wish to apply
    6. Enter your UPI ID
    7. Enter bid details like price, lots and investor category, etc.
    8. Review the order details and click Submit
    9. Approve the Payment mandate on your UPI app.
    10. Check your order status in the 'Order Book' page


    • UPI mandate is posted on your UPI app within 2 hours of submitting the IPO application.
    • The IPO application process gets completed only after the UPI payment request (mandate) is approved by you.


  3. 3. What are Indira Securities IPO charges?

    Indira Securities doesn't charge any fee for its IPO application services to its customers. Even guest users (with no account with them) can apply in an IPO using the Indira Securities online IPO application for free of charge.

    Note: When selling IPO shares, you will have to pay the brokerage, demat debit transaction charges and taxes as applicable.


  4. 4. How to check the status of IPO through Indira Securities?

    Indira Securities doesn't provide IPO application status. The allocated shares are gets deposited into your demat account. You get a notification SMS from CDSL regarding the deposit of new shares in your demat account. You also get an SMS notification from your bank regarding the withdrawal of the funds for allocated shares.

     To check the status of your IPO application status online, you need to visit the website of the registrar of the IPO (i.e. Big Share, Karvy, Link Intime etc). We also provide the IPO status as soon as it is available on the registrar's website.


  5. 5. How to apply in Indira Securities IPO without UPI?

    If for some reason you cannot apply in an IPO with UPI then you can use the ASBA net-banking facility. All popular banks like SBI, ICICI, HDFC, Axis and Kotak Bank offer online ASBA IPO application. To know the ASBA process of these banks, click on the link provided below:


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Information on this page was last updated on Wednesday, June 17, 2020


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