How to buy IPO through Upstox?

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Upstox customers can buy IPO through Upstox by using UPI as a payment method. The upstox online IPO application is simple, quick and convenient.

Note: You should have a UPI ID to apply in IPO through Upstox. You could create a UPI ID using any net banking app (i.e. ICICI, SBI, HDFC, Kotak Bank) or using the BHIM UPI app for Android and iPhone.

Steps to buy IPO through Upstox

Login to Upstox Pro Web or Upstox mobile app
Click on your customer name and customer ID on top right
Click on Apply for IPO link
Select the IPO you wish to apply by clicking the 'Details' button
Go to the bottom on IPO Detail page and click 'Place Bid' button
Enter UPI ID and choose Investor Type
Enter order quantity and price
Choose Cutoff-price checkbox if applying in the retail category
Review and place order
Approve the notification received on the BHIM app in 2 to 12 hours.

Note: If you have Upstox demat account, you can also apply in IPO using an online IPO facility offered by your bank's net banking. All popular banks including ICICI, HDFC, SBI, Kotak, Axis Bank offer online IPO.

You have to mention your upstox demat account information in the IPO application form. The allocated shares are automatically delivered to your upstox demat account. You can sell them on the IPO listing day.

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1 Comments

1. Swati Salian

| Link|October 9, 2020 9:19:57 PMReply

I thought you said Upstox does not provide IPO and then you went on to say how to apply for IPO online via Upstox. Kindly update the correct information

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