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Can investors apply for an IPO with the Dhan app?

Zerodha (Flat Rs 20 Per Trade)

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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. 


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