New Process for applying in IPO
You may apply for IPO by using BHIM UPI App. Download and Install BHIM App from Google Play store or Apple App store.
Process on using "UPI as a payment option"
part of bidding
- Investor will fill in the bid details in the
application form (Online or offline) as per the existing process along with his
- As per
the existing process, investor may submit the application with any of the
intermediary, who, on receipt of application will upload the bid details along
with UPI id in the stock exchange bidding platform.
- Post validation, the stock exchange will electronically
share the bid details along with investors UPI ID, with the Sponsor Bank
appointed by the issuer company.
part of blocking
part of payment for shares post allocation process
- Post Bid confirmation from exchanges, The
Sponsor Bank will initiate and requests the investor to authorize blocking of
funds through UPI app.
- The request raised by the Sponsor Bank, would be
electronically received by the investor as SMS /App Notification intimation on
his/her bank provided mobile no. linked to UPI ID.
- Investor to authorize Blocking of Funds through
Mobile UPI APP, equivalent to application amount.
- Upon validation of block request by the
investor, the said information would be electronically received by the
investors’ bank, where the funds, equivalent to application amount, would get
blocked in investors account.
- In case of failure to confirm UPI request, IPO
bids shall be rejected.
- On finalization of basis of allotment
finalization, the funds, equivalent to the allotment, would be debited from
investors account and remaining funds, if any, would be unblocked.
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