Upstox IPO Apply Online (Step by Step process explained)

Anyone having a Demat account with Upstox can apply for IPO through Upstox Pro web and app platform. The Customer can be a Resident individual, NRI, corporate account, or HUF. The shares are credited to your Upstox Demat account after the allotment of the shares.

Pre-apply IPO is a process to place an IPO purchase order before the IPO opening date when it actually opens for the public to subscribe. Upstox accepts pre IPO application orders from users, however, the order will be sent to the exchange on the IPO opening date of the bidding window.

Upstox WhatsApp Chat BOT UVA allows customers to place IPO bids through social media platform, WhatsApp via below process;

1. Say just Hi to the WhatsApp Chat BOT UVA on the 9321261098 mobile number.
2. Enter your mobile number and complete OTP verification.
3. Tap on the “IPO” and select among the list of “IPO” available to apply.
4. Check IPO details like opening and closing dates, lot size, price, etc.
5. Click on the “Proceed” option and enter the bid lot and price.
6. Provide the UPI payment address and then accept the terms & conditions.
7. Once the IPO apply order is sent to exchange, you will receive the UPI mandate request.
8. Accept the UPI mandate request to block the IPO amount.

Yes, Upstox UVA Chat BOT on WhatsApp allows customers to apply for an IPO, check IPO application status, and delete IPO orders. After you have placed an order to invest in IPO, you can now click on the “Delete Application” to cancel the IPO apply to order. It is to be noted that you cannot delete an IPO order, once the IPO closes for the subscription.

Yes, Upstox allows all investors whether they have a Upstox Demat Account or not to subscribe to an IPO through WhatsApp. However, you must have a Demat account with another broker so that allotted shares will be transferred into your Demat account. The process for non-Upstox users to purchase IPO on Whatsapp is stated here below:

1. Send Hi on the 9321261098 Whatsapp number and click on the “IPO” option.
2. Confirm your mobile number and enter OTP sent on your mobile.
3. Now, Upstox will ask you to open a Demat account or offer an option to Apply without Upstox Demat.
4. Click on the “Apply for an IPO” option and select your choice of IPO.
5. Enter your e-mail address, PAN card details, and tap on the “Continue” option.
6. Now, select your Demat depository (CDSL or NSDL) and enter a DP ID number. CDSL Demat holders need to enter a 16-digit Demat account number whereas NSDL Demat account holders have to provide an 8-digit DP ID and client ID as well.
7. Select the IPO cut-off price and bid lot and then tap on the “Proceed” option.
8. Enter UPI ID address and then click on the “Accept & Proceed” button to place your bid successfully.
9. You can now check your IPO application status anytime on WhatsApp chat.

Yes, Upstox facilitates the Instant Demat account opening process via the WhatsApp messenger platform. Here are the key steps to open a Demat account via WhatsApp:

Upstox Account Opening using WhatsApp:

1. Say Hi to the UVA Chat BOT on the Upstox official number, 9321261098.
2. Click on the “Open An Account” option displayed on the screen.
3. Enter mobile number and e-mail address and verify it with OTP.
4. Enter Date of Birth as per your PAN card.
5. Provide PAN card number and BOT platform will direct you to the account opening page.
6. Provide personal details like name, bank account details, and others.
7. Upload documents i.e. ID proof, address proof, and bank proof. Once all the details are verified, your Demat account with Upstox will be opened.

There are two ways to undertake investment in IPO with Upstox online that are pointed out here under

1. Apply for Upstox IPO with ASBA: This is a net banking-based process wherein clients are allowed to apply for IPO with their respective net banking portal.
2. Apply for IPO via UPI app: This is a direct process that just requires users to be registered with any UPI app to buy IPO online with Upstox.

You can apply for IPOs online via UPI app through the Upstox old app as well as the new version app. To do the same follow the steps mentioned below.

Older version of Upstox App

• Login to the Upstox pro app.
• Click on “Invest”.
• You will see “IPO” under which click on” View Ongoing IPOs”.
• Select the IPO you want to apply for and click on the “Apply” button.
• Enter “UPI ID”. The UPI id must be linked to your personal bank account.
• Select the Investor type.
• Enter the number of lots you want to apply for in the “BID” section.
• Enter the price between the issue price range and click on “Continue”.
• You will receive a UPI mandate for payment of the application within a few hours on your UPI app. Once you accept the mandate, the application will be complete.

The new version of the Upstox App follwos the below process;

• Login to the new version of the Upstox app.
• Click on the “Discover” tab
• Click on ”view all” in Invest in IPO section.
• Select the IPO, you want to apply for.
• Click on the “Apply”
• Enter “UPI ID”. The UPI id must be linked to your personal bank account.
• Select the Investor type.
• Enter the number of lots you want to apply for in the “BID” section.
• Enter the price between the issue price range and click on “Continue”.
• Accept the UPI mandate for payment of the application form on your UPI app. Once you accept the mandate, the application will be complete.

ASBA (Applications Supported by Blocked Amount) is a net banking process wherein IPO application can be made through the client’s respective bank account net banking platform. Here are the steps to buy IPO online with Upstox through ASBA;

• Log in with your net banking platform.
• Select the IPO, you want to invest in.
• Enter IPO bid price, lot size, category i.e. retail, NII, RII, etc., Upstox Demat Account Details, etc.
• Verify again and submit the application.
• Now, your IPO application is placed successfully, on the allotment, based on the bid received, allotment will be done.
• Based on the Upstox Demat account entered in the application, shares will be credited to your Demat account that can be offloaded on or after share listing.

No, Upstox doesn’t charge you anything for applying IPO through it. However while you sell your shares received through IPO, brokerage charges will be charged as per regular delivery brokerage charges.

Yes, you can apply for IPO through your Upstox Pro Mobile app. Login to the Upstox pro app. Once you click on “Invest,” you will see “IPO.” Then click on” View Ongoing IPOs.”Select the IPO you want to apply for and click the “Apply” button.

You can easily invest in IPOs within a few minutes by using your UPI ID through Upstox.

• Investing in IPO through Upstox is paperless and fast via UPI, and you can easily track the status of your application on the platform.
• Zero brokerage charges on IPO apply.
• You can also track all the upcoming IPOs' details, company details, prospectus, etc., in the app. All that information and the SWOT analysis given by UPSTOX on their platform will help you make an informed decision about the IPO.
• You can Pre-apply for any IPO 1-3 days before the bidding period starts. This pre-apply feature is available with only Upstox and a few more platforms.