To Invest in IPO, you need to open a Trading and Demat account with your choice of broker. Once your account is activated, you can apply in IPO through UPI following the below steps;
- Login to your trading account.
- Go to "IPO" section.
- Among the list of open IPOs, click on the "Apply for IPO" respective to the IPO of your choice.
- Enter IPO bid details like price, quantity, etc.
- Provide your virtual BHIM UPI ID address.
- Recheck and submit the IPO Bid.
- Now, you will receieve a payment request on your UPI app, accept the request to authorize the payment.
- Once done, you have successfully applied for an IPO and the amounts get freeze in your bank account.
