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Investor guide

How to Apply for an IPO

Eligibility, demat/bank/UPI prerequisites, ASBA/UPI steps, mandate status and common errors.

  1. Step 1

    Review the offer

    Read the offer document and understand the company, objects of the issue, financial information and risk factors.

  2. Step 2

    Check your readiness

    Ensure your demat account, PAN, bank account and application details are valid and consistent.

  3. Step 3

    Submit your application

    Apply through the supported ASBA/UPI route and carefully verify the bid details.

  4. Step 4

    Approve the mandate

    Where UPI is used, approve the mandate in your UPI app within the applicable time window.

  5. Step 5

    Track the outcome

    Check allotment and mandate/unblocking status through the relevant official channels.

Check your readiness

What you'll need

A valid PAN
An active demat account
A bank account with ASBA facility
A UPI ID in the applicant's own name (if using UPI)

ASBA / UPI

How the ASBA process works

ASBA (Application Supported by Blocked Amount) is a process in which the application amount is blocked in the investor's bank account rather than transferred immediately to the issuer. If shares are allotted, the applicable amount is debited; if no allotment is made or the allotment is lower than the bid amount, the relevant amount is unblocked in accordance with the process.

Do not share your UPI PIN, OTP, password or remote-access credentials with anyone. A legitimate IPO application does not require you to disclose these secrets to a support executive.

  1. 1Use an eligible bank, broker or application channel permitted for the issue.
  2. 2Enter the correct PAN, demat details, bid quantity, price and investor category.
  3. 3Where applying through UPI, enter a valid UPI ID belonging to the applicant and approve the mandate in the UPI app within the prescribed time.
  4. 4Check that the mandate amount and application details match your intended bid.
  5. 5Keep the application number and acknowledgement for reference.
  6. 6Track application, mandate, allotment and refund/unblocking status through official channels.

IPO investing involves market risk. An application does not guarantee allotment, listing gains or returns. Shares may list below the issue price, and investors may lose part or all of their investment. Read the offer document and make your own informed decision. Read the risk disclosure

Want to understand an IPO before applying?

Explore issue information, review the offer documents and learn the application process.

View IPO InformationContact Support