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Upstox offers online IPO applications to its customers. The IPO applications are offered using the UPI mechanism, in which only UPI is accepted as payment options. Customers should have a UPI before applying for an IPO with Upstox.
Upstox is the 2nd largest discount stock broker in India. It offers online trading at BSE, NSE, and MCX since 2012. It also offers Mutual Funds. Upstox is famous for its discount brokerage plan (flat rate per trade brokerage charges) and powerful trading software. The trading software offered by upstox is built in-house. They are offered for free to all its customers.
Upstox customers can apply in an IPO using 2 ways:
Upstox offers online IPO applications to its customers. Upstox customers can apply in IPO's at BSE and NSE online using UPI as payment gateway.
Note:
If you are an Upstox customer and do not wish to use Upstox IPO (UPI), you have an option to invest through the ASBA facility offered by your bank. Here are the steps to apply for IPO using ASBA net banking:
Please note that the above process may differ slightly from bank to bank.
Following are the steps to apply for IPO online using upstox:
Initial Public Offer (IPO) is a process through which a privately held company first time goes to the public to raise funds for its business needs and get listed at the stock exchanges. This process results in to:
IPO offers a great opportunity to buy shares of the company in the early stage of its journey at stock exchanges. IPO shares usually have a huge demand. Many IPO's get 100+ times bid for shares. In India, retail investors have a reserved portion in an IPO. A fixed 35% IPO Shares are reserved for retail investors. This reservation increases the chance of allotment of IPO shares. Some retail investors use this to buy IPO shares for listing gains only, instead of holding the shares for the long-term.
It is a limited-time offer. Open Instant Account online and start trading the same day.
Yes, you can apply for IPO through Upstox. There are two ways available for Upstox customers to apply in an IPO.
Upstox Online IPO Application (UPI based)
Upstox offers an online IPO application using the UPI as your payment method. To apply in an IPO using Upstox, you will first have to set up your UPI ID, for the first time only. You could set up a UPI ID for free using your own bank's Mobile Banking App or through the Government of India's BHIM App.
Once you have your UPI setup, login to the Upstox Pro website or Upstox Mobile App, go to the IPO section and apply for IPO in just a couple of easy steps.
Net Banking IPO Application (ASBA Based)
If you have a Upstox demat account, you can also apply in IPO using an online IPO facility offered by your bank using net banking. Almost all popular banks including ICICI, HDFC, SBI, Kotak, Axis Bank offer online IPO.
To apply using ASBA, login to your bank's net banking website, visit the IPO section, choose IPO and fill the online IPO application form. Make sure to mention your upstox demat account detail when filling the IPO application form. It takes less than a couple of minutes to apply in an IPO using this method.
Even though you applied through your bank, the allocated IPO shares are delivered to your upstox demat account. You can sell them using the upstox trading account on or after the IPO listing day.
Upstox customer can use one of the two ways to apply in an IPO:
Steps to apply in an IPO through Upstox (UPI Based)
If you have Upstox demat account, you can also apply in IPO using an online IPO facility offered by your bank using net banking. Almost all popular banks including ICICI, HDFC, SBI, Kotak, Axis Bank offer online IPO.
Steps to apply in IPO for Upstox customers using Net Banking (ASBA Based)
Note: The allocated IPO shares are delivered to your upstox demat account. You can sell them on the IPO listing day.
Upstox started offering online IPO application using UPI mechanism started from March 2, 2020.
Yes, Upstox customers could apply in an IPO online using UPI or ASBA.
Upstox themselves offer a UPI based online IPO application. This is suitable for people who would like to apply for an IPO using UPI.
Upstox customers can also apply to an IPO using the ASBA IPO application offered by almost all banks. This application is part of net banking. Customers can provide an Upstox demat account number while filling this application. The allocated shares are directly deposited in your upstox demat account.
Upstox customers can apply in an IPO in two ways:
Upstox offers a UPI based IPO application which allows its customer to apply in IPO online. Upstox offers all kinds of IPOs including mainboard and SME IPO. Applying in IPO with upstox is just a 3 step simple process.
The customer should have a UPI (through their bank or BHIM application) to apply in IPO using upstox.
Upstox customers can also apply in an IPO using net-banking of the bank they are using i.e. SBI, ICICI, HDFC, etc. While applying in an IPO through net banking, provide your upstox demat account number. The allocated shares are directly deposited in your upstox demat account and are available for sale on listing day.
You could sell the allocated IPO shares in the same way you sell any other shares at Upstox. You could do that once the shares are credited in your Demat Account. Upstox allows both mainboard and SME IPOs.
All Upstox customer who has a demat account with upstox can participate in an IPO through upstox. The allocated shares from IPO are deposited into the upstox demat account and are available for sale on the IPO shares listing day.
All types of Upstox customers including Retail, NRI, Corporate, Minor, HUF, etc. can apply in IPO.
No, upstox does not charge any fee for applying an IPO through them.
The commission for equity delivery trades is Rs 20 per trade or 0.1% (whichever is lower) when you sell the IPO shares. In addition, you also have to pay demat charges and taxes.
No, Upstox Mobile doesn't offer online IPO.
You have to use Upstox Website to apply in IPO online. Note that Upstox offers IPO using UPI as a payment option.
No. Upstox (RKSV Securities) doesn't offer IPO reviews or recommendations to its customers.
You can delete or close your Upstox account if you don't want to use it further. The account can only be deleted or closed offline by sending a signed paper form.
Steps to delete Upstox account
You will get a call from the upstox representative once they receive your request.
Information on this page was last updated on Thursday, October 7, 2021
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