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Apply for IPOs online with Share.Market. Yes, if you have an active PhonePe Share.Market trading account, you can invest in IPO online using UPI. You can bid for an IPO online using Share.Market mobile app or website in just a few clicks. Whether you are a retail investor or want to apply as an HNI/NII category, you can submit IPO applications upto Rs 5 lakh through UPI with Share.Market. Alternatively, you can also invest in IPOs through the ASBA net banking process without using UPI.
Go through a detailed review of who can apply for IPO with Share.Market app or website, steps to apply for IPOs online through UPI, IPO apply brokerage charges, how to cancel or delete IPO order, 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 following below steps
Note: For a successful IPO bid, you must accept the UPI payment request before 5:00 PM on the day when IPO closes for subscription. It may take some time to send the mandate request, if you do not receive the mandate so long, cancel the bid and apply again.
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 are no brokerage fees charged on IPO buy transaction. However, if you receive allotment and sell shares, you will be levied with DP transaction/demat debit fee of Rs 13.5 per sell transaction.
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.
Or check the allotment status with us!
Can I apply in SME IPOs with Share.Market? Well, yes.
Share.Market by PhonePe allows users to invest in both main board 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 but the minimum investment/bidding amount is Rs 100,000.
Also, SME IPOs are less traded securities and therefore are less liquid. So, you must do proper research before placing an SME IPO bid.
Last Updated on 2024-08-12
You can cancel or delete your IPO bid before 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 bids, once placed.
Log in to the Share.Market app/web >>> IPO >>> select desired IPO >>>, and click on the Modify option. Enter details like quantity and price, and tap on 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 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 necessary research to decide whether to subscribe to an IPO or not.
