How to apply in SME IPO from Angel One?

Small and Medium-sized companies (SMEs) that are going public by initial public offering are called SME IPO. Angel One offers online IPO application services through a UPI payment gateway but as of now, it only provides the mainboard IPOs and does not allow investors to apply for SME IPO via UPI.

However, if you have a trading and demat account with Angel One, you can still apply for SME IPOs through ASBA process wherein you can subscribe to an IPO via your bank.

Steps to apply in SME IPO using Angel One Account;

1. Login to your bank’s net banking portal.
2. Search for the IPO, and select one of your choices.
3. Enter lot size, and category (QIB, HNI, or retail), and provide your Angel One Demat Account details.
4. Submit the IPO application order, and once done, the bid amount will be blocked into your bank account.
5. Wait till allotment, if you got the shares, the amount will be debited or vice-versa.