How to apply for an IPO through Upstox?

Upstox customer can use one of the two ways to apply in an IPO:

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

Steps to apply in an IPO through Upstox (UPI Based)

• Login to Upstox Pro Web (website) or Upstox Pro Mobile App
• Click on your name and customer ID on top right
• Click on Apply for IPO link
• Select the IPO and click 'Details' button
• Go to the bottom of IPO Detail page and click 'Place Bid'
• Enter your UPI ID
• Choose Investor Type, enter order quantity and price
• Choose Cutoff-price checkbox if applying in the retail category
• Review and place the IPO order
• Approve the notification received on the BHIM app in 2 to 12 hours.

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)

• Login to the Net Banking website or mobile app of your bank.
• Go to the IPO section.
• Choose IPO and proceed to apply.
• Enter your Upstox demat account number
• Choose Investor Type, enter order quantity and price
• Choose Cutoff-price checkbox if applying in the retail category
• Review and place the IPO order

Note: The allocated IPO shares are delivered to your upstox demat account. You can sell them on the IPO listing day.

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