A complete guide on how to apply in an IPO through UPI

This IPO News guide/article covers “A complete guide on how to apply in an IPO through UPI”. The page is organized around zerodha trade@20, frequently asked questions, 1. which discount broker is providing services to invest in ipos online through them using upi?−, 2. what if i do not receive the upi mandate?+, 3. can hnis invest in ipos through upi?+. IPO News presents the structured facts and tables in its own layout and wording.

Topics Covered

• Zerodha Trade@20
• Frequently Asked Questions
• 1. Which Discount Broker is providing services to invest in IPOs online through them using UPI?−
• 2. What if I do not receive the UPI mandate?+
• 3. Can HNIs invest in IPOs through UPI?+
• 4. When UPI blocked funds will be refunded, if I do not receive IPO allotment?+
• 5. Can I place two IPO applications through UPI?+
• 6. What is the maximum IPO bidding amount through UPI?+
• 7. Can employee apply in an IPO with UPI?+
• 8. Up to what limit can I apply for an IPO in UPI?+
• 9. How much is the charges to use UPI payment mechanism for IPO?+
• 10. Can I use third party UPI ID or a third party bank account for making payment in IPO?+
• 11. Can I withdraw my bid? If yes, how?+
• 12. Where can I check the status of an active IPO mandate on my UPI App?+
• Compare Stock Brokers Side-by-Side

Key Facts

• India's trusted financial research platform since 2015. Live IPO GMP, subscription data, allotment status, Rights Issues, NCDs and unbiased stock broker reviews.
• Want to start your investment journey? Join India's Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.
• Any HNI IPO application above Rs 5 lakh can be made through the ASBA process only where you need to either access net banking account or submit physically signed forms.
• No, SEBI allows only one IPO application per PAN. An investor can place only 1 IPO order using UPI in either retail or NII category (upto Rs 5 lakh).
• Yes, eligible employees can purchase an IPO for an amount not exceeding Rs 5 lakh through UPI. Employees can place IPO bid under the employee quota or retail category.
• For retail investors, the limit for IPO application is 2 lakh per transaction on UPI while HNIs can place an IPO bid for maximum of Rs 5 lakh.
• No. Applications made by retail investors using third party UPI ID or by any category of investors using a third party bank account are liable for rejection.
• Retail individual investors can withdraw bids till issue closure date. During the bidding period, you can approach the same intermediary to which you had submitted the application form for withdrawal.

Source record: View original public source ↗