How to buy IPO in Sharekhan app?

Sharekhan customers can buy IPO in the Sharekhan app or using the Sharekhan website at any time when the IPO is open for retail investors.

Sharekhan IPO app uses UPI Payment Mechanism. You are required to have a UPI id before applying in an IPO using Sharekhan App. It's easy to get a UPI ID created using the net banking app of any bank you have an account with or by using the BHIM UPI app provided by the government of India.

Steps to Buy IPO in Sharekhan App

1. Login to Sharekhan App on your phone
2. Expend menu in top right
3. Click on the 'IPO' link under the 'Equity' section.
4. Choose the IPO and click the 'Apply' button.
5. Fill the order for by entering the quantity, price and UPI ID.
6. Submit the order form and confirm the order.
7. Accept the UPI Mandate using Net Banking or BHIM app.

Note:

• The UPI Mandate (an approval for blocking the fund for IPO shares) is not sent instantly. You may have to wait for a few hours before the Mandate is shown up in your Net Banking App or BHIM App.

One the UPI Mandate is accepted, the IPO application is submitted to the exchange by Sharekhan. An SMS and Email confirmation is sent to the customer.