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Can I apply for an IPO through Upstox?

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Yes, you can apply for IPO through Upstox. There are two ways available for Upstox customers to apply in an IPO.

  1. Upstox Online IPO Application (UPI based)
  2. Net Banking ASBA IPO Application

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.

 

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1 Comments

1. Durgesh  Oct 1, 2020 2:03:49 AM I Like It. | Report Abuse Reply
What to do if the amount is not been unblocked after 2 days of allotment?