How to apply for IPO in Sharekhan?

Sharekhan offers an online IPO application using UPI as a payment gateway. Sharekhan customers can apply in any IPO using its website or mobile app. Sharekhan doesn't charge any fee for applying in IPO.

Note:

Before you apply in an IPO in Sharekhan, you need a UPI id. Read about the UPI payment option for more detail. UPI ID can be created using the net banking app of your bank or BHIM UPI App. All major banks offer this facility.

Steps to apply for IPO in Sharekhan

1. Login to Sharekhan App or Sharekhan Website
2. Click on the three-line menu next to the overview on the top
3. Under the equity section, click on IPO
4. Select the IPO you want to apply from the list and click on it
5. Enter your quantity, price and UPI ID
6. Check on terms & conditions box and click Submit
7. Recheck and Confirm the Order
8. Accept the UPI Mandate using Net Banking or BHIM app.

Note:

• UPI Mandate (approval of transaction) comes after a few hours of submitting the application.
• You will receive the order confirmation SMS on your mobile. You can also check the status of your order on the order book.