FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Contact Upstox
Open Instant and Online account with Upstox in 15 mins.Upstox offers a 100% digital and hassle-free IPO investment facility through the UPI payment mechanism. Anyone who has opened Upstox Demat Account + registered UPI ID can invest in IPO online through the Upstox Pro app and Pro website. The discount broker charges zero brokerage on the IPO application process. You can add up to 3 IPO bids within the price range. Upstox also offers a pre-IPO apply feature to allow customers to apply for IPO 24/7 before the IPO opening date. Check the complete step-by-step process on how to apply for an IPO through Upstox using UPI and net banking, IPO apply brokerage charges, IPO application numbers, allotment status, and more.
To purchase IPO with Upstox, you can go with any of the below routes or IPO application process;
Upstox accepts online IPO applications from customers using the UPI payment mechanism. The UPI-based process is simple and takes a few minutes to place the IPO bid successfully. Upstox customers can apply for IPO online through UPI on the Upstox Pro web and the Pro mobile app platform.
Note: The UPI-based IPO apply process mandatorily requires UPI app to be linked with the same bank account registered with the Upstox Demat Account because 3rd party application is not permissible.
Customers can also apply for IPO in Upstox without UPI or through ASBA/Net banking process. Before UPI, ASBA was the only process to buy IPO through their bank’s net banking portal. If you are not a UPI user and don’t have a registered UPI ID, you can apply for Upstox IPO through net banking by following the below steps;
Online IPO investment with Upstox is free means any Upstox customer can apply for IPO at zero brokerage charges. However, when you sell IPO shares then you will be charged with the DP (Demat Debit) charges.
If you can't wait for the IPO to be open for the subscription then use the "Pre apply" feature available in Upstox to apply for IPO even before the actual date when an IPO goes live. The Pre apply option will be disabled 2 or 3 days before the actual IPO opening date that users can use to pre-apply for an IPO. Once the order is submitted, you will receive a UPI mandate notification on the day when the IPO opens. In the case of pre-apply, the IPO application status will be marked as "Pre Applied".
You can check your IPO application status online in the Upstox Pro web and Pro app. Check out the process to check Upstox IPO application status on the Pro app;
Note: If you are using the Older Upstox Pro App version, then you have to click on the “My applications” and then the “View application status” option respective to the IPO you have applied for.
Once you have applied for an IPO in Upstox, a unique application number will be allotted to every client. Log in to the Upstox Pro App, under the discover tab, go to the “IPO” option, click on the IPO you have applied for, and tap on the “Status” tab that will show you the IPO application number.
Upstox has updated its mobile app to provide a better experience to investors. Now, customers can check allotment status online on the Pro app.
Note: On successful allotment, shares will be transferred into Upstox Demat Account, or on unsuccessful allocation; the blocked amount will be automatically released back into your bank account within 10 days.
Upstox flagship trading platform, “Upstox Pro” is a one-stop-shop for all your investment needs whether equity, F&O, MCX, currency, IPO, gold, and mutual funds. Upstox Pro is available in the web and mobile app versions on Android and iOS. The platform facilitates a 100% paperless IPO application process using UPI ID and allows users to track the IPO status online.
If you still have any doubt regarding Upstox IPO application then you can raise your query on the provided helpline number and email address.
1. | Upstox IPO Customer care email | [email protected] |
2. | Upstox IPO Helpline number | 022-6130-9999 |
Last Updated on 15th Dec 2023
There are two ways to undertake investment in IPO with Upstox online that are pointed out here under
You can apply for IPOs online via UPI app through the Upstox old app as well as the new version app. To do the same follow the steps mentioned below.
Older version of Upstox App
The new version of the Upstox App follwos the below process;
ASBA (Applications Supported by Blocked Amount) is a net banking process wherein IPO application can be made through the client’s respective bank account net banking platform. Here are the steps to buy IPO online with Upstox through ASBA;
No, Upstox doesn’t charge you anything for applying IPO through it. However while you sell your shares received through IPO, brokerage charges will be charged as per regular delivery brokerage charges.
Yes, you can apply for IPO through your Upstox Pro Mobile app. Login to the Upstox pro app. Once you click on “Invest,” you will see “IPO.” Then click on” View Ongoing IPOs.”Select the IPO you want to apply for and click the “Apply” button.
You can easily invest in IPOs within a few minutes by using your UPI ID through Upstox.
Yes, You can buy IPOs without UPI. Applying for IPO through the Upstox platform is possible if you have a UPI ID. If you don’t have a UPI ID, you can opt to apply through the ASBA process from your internet banking. The bank account holder and the Demat account holder's names should be the same. You can’t use the bank account of a friend or family member.
You must provide your Demat account details while applying through the internet banking ASBA process. You have to log in to your internet banking, go to the IPO apply section and enter your details along with your Demat account details, such as DP ID and BO ID.
Anyone having a Demat account with Upstox can apply for IPO through Upstox Pro web and app platform. The Customer can be a Resident individual, NRI, corporate account, or HUF. The shares are credited to your Upstox Demat account after the allotment of the shares.
Pre-apply IPO is a process to place an IPO purchase order before the IPO opening date when it actually opens for the public to subscribe. Upstox accepts pre IPO application orders from users, however, the order will be sent to the exchange on the IPO opening date of the bidding window.
Upstox WhatsApp Chat BOT UVA allows customers to place IPO bids through social media platform, WhatsApp via below process;
Yes, Upstox UVA Chat BOT on WhatsApp allows customers to apply for an IPO, check IPO application status, and delete IPO orders. After you have placed an order to invest in IPO, you can now click on the “Delete Application” to cancel the IPO apply to order. It is to be noted that you cannot delete an IPO order, once the IPO closes for the subscription.
Yes, Upstox allows all investors whether they have a Upstox Demat Account or not to subscribe to an IPO through WhatsApp. However, you must have a Demat account with another broker so that allotted shares will be transferred into your Demat account. The process for non-Upstox users to purchase IPO on Whatsapp is stated here below:
Yes, Upstox facilitates the Instant Demat account opening process via the WhatsApp messenger platform. Here are the key steps to open a Demat account via WhatsApp:
Upstox Account Opening using WhatsApp: