New Process for applying in IPO
You may apply for IPO via all the UPI Payments App like GPay, Paytm, etc and can download them from the Google Playstore & Apple Store.
Process on using "UPI as a payment option"
part of the bidding
- The 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, the investor may submit the application to any of the
intermediaries, who, on receipt of the application will upload the bid details along
with the UPI id to the stock exchange bidding platform.
- Post validation, the stock exchange will electronically
share the bid details along with the investor's UPI ID, with the Sponsor Bank
appointed by the issuer company.
part of blocking
part of the payment for shares post allocation process
- Post Bid confirmation from exchanges, The
Sponsor Bank will initiate and requests the investor to authorize the blocking of
funds through the 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 the block request by the
investor, the said information would be electronically received by the
investors’ bank, where the funds, equivalent to the application amount, would get
blocked in the investor's account.
- In case of failure to confirm the UPI request, IPO
bids shall be rejected.
- On the finalization of basis of allotment
finalization, the funds, equivalent to the allotment, would be debited from the investor's account, and the remaining funds, if any, would be unblocked.
How do I select UPI as the payment option while applying for IPO?
The application form for an IPO, now also includes a field for entering your UPI ID as a payment mechanism. Further, you can get in touch with any of the Intermediary who shall be able to guide you on the process in detail. The existing UPI ID can be ...
How to apply for Buy Back of shares?
Follow the below steps to apply for buy back Step 1: Login to www.5paisa.com Step 2: Click on Dashboard Step 3: On the right hand side of the screen, click on “Apply for Buy-back” Step 4: A pop-up will occur where customer find the latest Buy-Back ...
Can I use any UPI App to bid for IPO’s?
The list of apps live on IPO is updated on BhimUPI website.
Process for Bank Modification
You can register maximum of 5 banks for Pay In Process is as below: To Add Bank: Through App: Login to 5paisa App >> Menu >> My Profile >> On top right Click on Modify >> Bank Details >> Add Bank and Upload bank proof for the same >> Select the ...
Process to Change/Manage Address
To change or manage the address you need to follow the offline process as we have stopped accepting online requests from 1st January 2020. You can download the Account Modification form from our Web or Mobile App. Through App: Login to 5paisa.com >> ...