Axis Direct IPO Apply UPI Process, Charges, Cut-off time

Invest in IPOs online at zero paperwork with Axis Direct. Yes, the full-service broker offers hassle-free digital IPO application through UPI to enable investors to apply for IPOs instantly at just a few steps. Want to subscribe to IPOs, go through the step-by-step guide to apply IPOs online using UPI with Axis Direct Ring mobile app or Swift Trade. Alternatively, Axis direct customers can also choose to make IPO applications through ASBA (non-UPI) process with Axis Bank or other private bank.

How to Apply IPO online in Axis Direct RING App through UPI?

You can apply for IPOs online using UPI in Axis Direct app. IPO option in Axis Direct App can be found under the Investing option. Here is the step-by-step process explained on how to purchase IPO online in Axis Direct RING App:

1. Log in to the Axis Direct RING app.
2. Click on investing option at the bottom on the screen.
3. Choose IPO
4. Select the IPO of your choice
5. Click on Apply now.
6. Select the category: Retail, HNI, or employee.
7. Enter the number of lots and price or tick the box to apply at the cut-off price.
8. You can add multiple bids also.
9. Select the UPI option.
10. Enter UPI ID and the UPI handle.
11. Click on Buy.
12. Review order and hit confirm button
13. It’s done! Accept the payment mandate on your UPI app.

How to check Axis Direct IPO Application status?

Check IPO application status instantly on Axis Direct following below steps:

• Log in to the Axis Direct website.
• Go to IPO option.
• Click on order book
• The IPO application status will be displayed on the screen.

Axis Direct Online IPO Apply through ASBA NetBanking (Axis Bank or Other bank)

If you are an axis bank net banking user, you can apply for IPOs online via ASBA facility. Axis Bank offers Applications Supported by Blocked Amount (ASBA) facility to users to purchase IPOs and rights issues. Here is the step by step guide to make IPO application with Axis Bank ASBA process.

1. Log in to the Axis Bank Net banking portal.
2. Navigate Investment tab on the top menu.
3. Click on IPO/Rights Issue option.
4. Click on Register for ASBA
5. Enter depository name (CDSL or NSDL) and other details
6. Click on Submit
7. Select the IPO, you want to apply for.
8. Enter the no. of shares and bid price.
9. Select investor category.
10. Click on Initiate Payment tab to proceed
11. Enter the NetSecure Code and submit

If you have a bank account with any other bank say ICICI, HDFC, etc., you can still apply for IPOs online with the ASBA process by providing your demat account details.

Axis Direct IPO cut off time

The cut-off time for placing IPO applications in Axis Direct is 3 PM. Means, investors who are subscribing to the IPO through the ASBA process with Axis Bank, have to apply before 3 PM on the last day of the IPO bidding period.

Axis Direct Pre IPO

Place pre-IPO apply order in Axis Direct. This feature allows retail investors to make IPO applications even before the IPO opens for public bidding. The pre-IPO application process is same with the only difference is that orders are submitted before the IPO opening day, and when the issue actually opens for subscription, the order will be placed on the exchange.

Axis Direct SME IPO Apply

You cannot apply for SME IPOs directly with Axis Direct as the broker does not accept applications for both BSE and NSE SME IPOs. However, if you want to subscribe SME IPOs, you can apply through axis bank net banking platform following ASBA facility.

The process to invest in SME IPOs is same to that of applying for mainboard IPOs.