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Upstox IPO Apply 2021

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Upstox IPO and Mutual Funds Investment

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In March 2020, Upstox announced online IPO investment through UPI payment mechanism that made the IPO application process so simple and hassle-free. To apply in IPO through Upstox, users just need to have a registered UPI ID and Upstox Demat Account. The discount broker facilitates a free IPO investment facility at zero charges through Upstox Pro web and mobile app. Check out the complete process on how to apply in IPO through Upstox using UPI and net banking, brokerage charges, application numbers, and more.

Current and Upcoming IPO investment with Upstox

Upstox IPO Apply

Upstox offers the following two IPO application process to customers;

  1. Apply Upstox IPO through UPI: Any Upstox Demat Account holders who are registered on any UPI ID (PhonePe, Google Pay, etc.) can buy IPO through UPI. The UPI-based online IPO application process is very simple, convenient, and hassle-free.
  2. Apply Upstox IPO through net banking: Upstox customers who don’t have a UPI ID can purchase IPO through ASBA (Applications Supported by Blocked Amount)/ net banking process with your bank.

Upstox IPO through UPI

Upstox accepts online IPO applications from customers using the UPI payment mechanism. The UPI-based process is very simple and takes a few minutes to successfully place the IPO bid. The process to apply for IPO in Upstox through UPI is the same on the Upstox Pro web and mobile app platforms.

  • Log in to your account on the Upstox Pro platform.
  • Go to the “IPO” option, and here, a list of all the ongoing IPOs will be available.
  • Click on the “Place bid” respective to the IPO, you want to apply for.
  • Now, enter UPI ID, investor type, bid quantity, and price. You can click on the check-box to apply at the cut-off price.
  • Accept the terms & conditions and place the IPO purchase order.
  • Once IPO application is submitted, you will get an IPO mandate message on the provided UPI app.
  • Accept the mandate that will freeze your application money in your bank account.
  • Whenever allotment is done, shares will be transferred to your Upstox Demat account, or in case of rejection, you will get a refund of the blocked money.

Note: To purchase IPO through UPI, the UPI enabled app must be linked with the same bank account registered with the Upstox Demat Account because 3rd party application is not permissible.

Upstox IPO through net banking

Customers can also apply for IPO in Upstox without UPI or through ASBA/Net banking process. Prior to UPI, ASBA was the only process to buy IPO through their bank’s net banking portal. If you are not a UPI user or don’t have a registered UPI ID then you can apply for Upstox IPO through net banking by following the below steps;

  1. Log in to your net banking account.
  2. Search and click the “IPO” investment option.
  3. Among the list of open/ongoing IPOs, click on the IPO of your choice.
  4. Fill in details like bid quantity (in multiple of lot size), Upstox Demat Account Number, PAN number, etc.
  5. Re-check all the details entered and submit the order.
  6. Once the IPO purchase order is placed, the amount will be blocked in your bank account till allotment.

Upstox IPO Charges

    Online IPO investment with Upstox is absolutely free means available at zero brokerage. The broker doesn’t charge any fee on IPO application because it offers free delivery trading. However, at the time of selling IPO investment from the Upstox Demat Account, you have to pay DP (Demat debit) charges.

Upstox IPO Application Status

You can check your IPO application status online in the Upstox Pro web and mobile app. Check out the process to check Upstox IPO application status on the Pro app;

  1. Log in to the Upstox Pro app.
  2. Under the investment tab, tap on the IPO option.
  3. Click on the “My applications” where all the active IPO applications will be displayed.
  4. Click on the “View application status” option respective to the IPO you have applied for.
  5. The page will show details like application number, bid price, quantity, and payment status.

Upstox IPO Investment Platform

    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.

Upstox IPO Customer Care

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
Request call back from Upstox


Reference Topics

Upstox IPO


IPO and Mutual Funds FAQs

  1. 1. Can a NRI Invest in IPO online with Upstox?

    Yes, Upstox discount broker allows online IPO investment facilities to their customers. Upstox account holders whether retail clients, NRIs, HNIs and corporate clients are allowed to invest in IPO online with Upstox.

     

  2. 2. How to invest in IPO with Upstox online?

    There are two ways to undertake investment in IPO with Upstox online that are pointed here as under:

    1. Apply for Upstox IPO with ASBA: This is a net banking based process wherein clients are allowed to apply for IPO with their respective net banking portal.
    2. Apply for IPO via UPI app: This is a direct process that just requires users to be registered with any UPI app to buy IPO online with Upstox.

     

  3. 3. How to apply in IPO through Upstox app?

    You can place IPO purchase order using UPI on the Upstox Pro mobile app available on Android and iOS. The mobile app facilitates online IPO investment using UPI at their fingertips in a hassle-free manner.

    1. Download the Upstox Pro app and log in to your account.
    2. Go to the “Menu” and click on the “Apply for IPO” option.
    3. Here, among the list of “ongoing” IPOs, click on the IPO of your choice.
    4. Tap on the “Place bid” option and enter bid details like UPI ID, bid quantity, price, etc.
    5. Click on the “Place order” option to apply for IPO.
    6. Now, accept the payment request on the UPI App.
    7. Once accepted, your bid for IPO buy order will be successfully placed.

     

  4. 4. How to invest in IPO online with Upstox through ASBA 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;

    • Log in with your net banking platform.
    • Select the IPO, you want to invest in.
    • Enter IPO bid price, lot size, category i.e. retail, NII, RII, etc., Upstox Demat Account Details, etc.
    • Verify again and submit the application.
    • Now, your IPO application is placed successfully, on the allotment, based on the bid received, allotment will be done.
    • Based on the Upstox Demat account entered in the application, shares will be credited to your Demat account that can be offloaded on or after share listing.

     

  5. 5. What are the charges to buy IPO with Upstox?

    Zero, yes as Upstox offers Zero cost or free delivery trading therefore, applying IPO online with Upstox is absolutely free. However, whenever you sell allotted IPO shares then you will be charged with applicable DP charges and transaction charges.

     

  6. 6. Can I invest in IPO with Upstox Pro Mobile?

    Yes, Upstox offers online IPO investment services on both the Upstox Pro web and mobile trading application. Android and iOS fanatics can install the Pro app on their smartphone and apply in IPO of their choice using UPI at their fingertips. Upstox customers can purchase IPO online in Upstox Pro app through UPI in seamless manner.

     

  7. 7. Why to invest in IPO with Upstox?

    • Paperless IPO apply process.
    • Zero brokerage or free IPO investment.
    • UPI-based IPO investment facility.
    • NRI, HNIs, Retail and corporate clients all are allowed to buy IPO online with Upstox.

     

  8. 8. Can I purchase IPO in Upstox without UPI?

    Yes, UPI is an online process to purchase IPO directly with your broker, but the process requires Upstox customers to must have a UPI ID. However, if you don’t have a registered UPI ID, then you can still buy IPO with Upstox through net banking process (without UPI). Under this, you can place IPO buy order using Upstox Demat account details through your net banking portal.

     

  9. 9. Who can apply in IPO with Upstox?

    Anyone who has successfully opened an Upstox Demat Account can purchase IPO with Upstox. Thus, different types of customers i.e. NRI, HNI, retail, corporate, etc. can apply Upstox IPO through Pro web and Pro mobile app platform.

     

Last Updated on 30th Jun 2021

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