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Apply for IPOs online with Share.Market. Yes, if you have an active Share.Market trading account, you can invest in IPOs online with UPI through Share.Market app or website. Read a detailed overview of how to apply for IPOs online through UPI with Share.Market, brokerage charges, how to cancel or delete IPO orders, and more.
Apply in an IPO of your choice instantly using Share.Market mobile app. Yes, Share.Market trading app allows users to bid for an IPO online using the below steps:
Note: For a successful IPO bid, you must accept the UPI payment request before 5:00 PM on the day when the IPO closes for a subscription. It may take some time to receive the mandate request in your bank/ UPI app.
The maximum IPO investment amount allowed through UPI is Rs 5 lakh. Above that limit, you can bid for an IPO through net banking. (Refer below)
There is no brokerage fee charged by Share.Market on IPO application services.
If you don't have a valid UPI ID or you don't want the hassle of a UPI-based process that requires approving the mandate request, or you want to invest more than Rs 5 lakh, you can place an IPO bid through the net banking ASBA process.
Steps to subscribe to an IPO with Share.Market through ASBA net banking;
Log in to your Share.Market trading account >>> go to portfolio >>> orders >>> IPO. Select the IPO you want to check the status for, and you can see your application status. Alternatively, visit the IPO registrar's website and check the allotment status.
Can I apply in SME IPOs with Share.Market? Well, yes.
Share.Market by PhonePe allows users to invest in both mainboard and SME IPOs. The platform provides access to both BSE and NSE SME IPOs for subscription.
The process to apply in SME IPOs with Share.Market is the same as that of other IPOs.
Also, SME IPOs are less traded securities and therefore are less liquid. So, you must do proper research before placing an SME IPO bid.
You can cancel or delete your IPO bid before the IPO subscription window closes.
Note:Only retail investors (Maximum IPO bid worth Rs 2 lakh) can cancel their bid. For HNI investors, the minimum investment amount is Rs 2 lakh, they cannot cancel their bid, once placed.
Log in to the Share.Market app/web >>> IPO >>> select desired IPO >>>, tap on bid details dropdown, and click on the Modify option. Enter details like quantity and price, and tap on the modify option to place your order.
Both retail and HNI investors can modify IPO bids but HNI investors can modify only to increase the IPO bidding amount by increasing the lot size or price.
Yes, PhonePe Share.Market app allows investors to place pre-IPO orders before the bidding for an IPO starts. If you have applied for an IPO before its opening date, you will receive a UPI mandate only after the bidding window opens. Once you accept it, your IPO bid will be successfully placed on the exchange.
No, Share.Market is a discount broking platform that does not provide IPO research reports.. You are only provided with IPO details like business overview, strengths and weaknesses, and the company’s historical financial performance i.e., income, assets, cash flows, profitability, etc to do the necessary research to decide whether to subscribe to an IPO or not.
