What is the New Process for applying for an IPO?
The new process for applying for an IPO involves the following steps:
· Access IPO Section: Navigate to the IPO tab on the trading app or platform.
· Select Live IPOs: Choose the IPO you wish to apply for from the list of live IPOs available.
· Initiate Application: Click on the "Apply Now" button to initiate the application process.
· Choose Investor Type: Select your investor type from the options provided (e.g., Retail, HNI, Employee).
· Enter Details: Enter or edit the quantity of shares and the price at which you want to bid for the IPO.
· Verify UPI ID: Verify your UPI ID, which will be used for payment and blocking of funds.
· Apply and Accept Mandate: Click on the "Apply" button to submit your IPO application. Accept the mandate request on the UPI app to authorise the payment and complete the application process.
By following these steps, investors can easily apply for new IPOs through their trading app or platform using the UPI-based application process.
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