New Process for applying in IPO

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"

UPI as part of bidding
  1. Investor will fill in the bid details in the application form (Online or offline) as per the existing process along with his UPI ID.    
  2. 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.      
  3. 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. 
UPI as part of blocking
  1. Post Bid confirmation from exchanges, The Sponsor Bank will initiate and requests the investor to authorize blocking of funds through UPI app.
  2. 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.  
  3. Investor to authorize Blocking of Funds through Mobile UPI APP, equivalent to application amount.
  4. 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.
  5. In case of failure to confirm UPI request, IPO bids shall be rejected.
UPI as part of payment for shares post allocation process
  1. 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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