5paisa allows customers to invest in IPO online using their UPI ID on the 5paisa app or web platform. It takes less than 5 minutes to purchase an IPO online through the 5paisa app
Steps to apply in IPO using 5paisa App;
- Log in to the 5paisa mobile trading app.
- Under the menu, go to the “IPO” option.
- A list of all the current and upcoming IPOs will be available.
- Tap on the “Apply Now” option respective to the IPO of your choice.
- Enter the number of lots, bid price, and UPI ID, and hit the “Apply” button.
- Accept the payment mandate request you received on the UPI app to block funds.
- Upon successful authorization, the IPO application order will be sent to the exchange.
The money will be freeze till allotment and once it gets finalized, based on the allotment status, the money will be debited or credited back to your account.
