Dhan IPO Apply 2024

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Dhan Broker offers its clients an easy, hassle-free, and convenient way to submit an IPO application online. If you have a trading and demat account with Dhan, you can apply for an IPO online through UPI (Unified Payment Interface) on Dhan's mobile app or website. Buying an IPO online with UPI is really easy as the process hardly takes 5 minutes to bid for an IPO. If you want to subscribe to an IPO on Dhan, read the step-by-step guide on how to apply for an IPO in the Dhan app/on the web with UPI and without UPI (ASBA net banking), brokerage charges, and how to check the IPO allotment status.

Dhan IPO Apply

There are two ways to purchase an IPO, either through your broker or through Internet banking. If you have an active trading and demat account with Dhan, you can conveniently apply for an IPO through one of the following methods;

1. Apply for an IPO through your broker by using a UPI payment gateway feature
2. Invest in an IPO through net-banking ASBA

Apply for IPO in Dhan app through UPI

UPI is a virtual payment address on any UPI app like Google Pay, Phonepe or a bank's app. If you are an active UPI user, investing in an IPO with UPI has never been easier. The process allows customers to invest in an IPO with ease and simplicity.

1. Log into the Dhan mobile app.
2. Go to the "IPO" option available under the"Money"
3. Now check all the current, upcoming, and past IPOs and click on the "Open Now" tab.
4. All the ongoing IPOs are now available.
5. Click on the "Apply Now" option for the IPO of your choice.
6. IPO details such as timeline, issue size, price, lot, etc. are now available.
7. Tap on "Bid for IPO", enter the lot size and select the cut-off to place an IPO order at the cut-off price.
8. Now enter your UPI ID (virtual payment address) linked to your bank account to place a bid for IPO.
9. The IPO application will be submitted and you will receive a mandate request on the UPI app.
10. Accept the UPI mandate to authorize payment of the IPO application.

Dhan IPO Apply through ASBA Net Banking

Do not worry if you do not use UPI because you can still bid for Dhan IPO through the ASBA Net Banking facility without using UPI. The ASBA process allows Dhan customers to subscribe to an IPO through their net banking portal. However, you must have a demat account with Dhan to receive the allotted shares.
Whether you have an account with a bank like ICICI, HDFC, SBI, Axis, and Kotak, you can invest in an IPO online by providing your Dhan demat account details.

Steps to invest in IPO in Dhan through ASBA;

1. Log into the net banking portal of your bank.
2. Search for the IPO option.
3. Select the IPO in which you want to invest.
4. Enter details such as the number of shares or lots, price, and category, and provide Dhan Demat account details.
5. Review and submit the IPO application.
6. Once the order is submitted, the money will be frozen in your bank account until the allotment is completed.
7. If allotted, the allotted shares will be credited to your Dhan Demat account; if rejected, the bid amount will be released for the IPO.

Dhan IPO Apply Charges

Zero, there are no charges to subscribe to an IPO through the Dhan stock broker. Dhan clients who have demat and trading accounts can invest in IPOs for free. The broker facilitates customers to apply for IPOs through the Dhan app or web platform.

Dhan IPO Allotment Status

Once the IPO registrar announces the allotment of shares, you will receive a message and email about it. You can check the allotment status on the registrar's website by simply by selecting the company name and providing your PAN number.
The Dhan app and website will also show the allotment status in the "My Bid Details" section as "Allotted" with the number of shares. For example, if you do not receive any shares, the status will be displayed as "Allocation: 0".