Application Process and UPI Mandates
Learn how to apply for IPOs step by step using UPI or ASBA, understand the mandate process, and ensure smooth application.
Last Updated: 2025-09-0510 minutes
Application Methods
- Investors can apply through ASBA (Application Supported by Blocked Amount) or via UPI-based applications.
- Applications are accepted through brokers, banks, or fintech platforms.
- Funds remain blocked until allotment is finalized.
Good Point
Using UPI or ASBA ensures money stays in your account until shares are allotted.
UPI Mandates
- After applying, investors receive a UPI mandate request to block funds.
- Mandate must be approved within the given time for the application to be valid.
- If mandate is not approved, application may be rejected.
Check Points
Always approve mandate quickly. Ensure correct UPI ID is linked to your bank account.
Common Issues
- UPI app delays or failures can cause missed applications.
- Incorrect details like PAN or demat ID can invalidate applications.
- Bank downtimes may affect mandate approval.
Questions and Answers
Q: What happens if I don’t approve the UPI mandate?
A: Your IPO application will not be considered valid.
Q: Is money debited immediately during IPO application?
A: No, the amount is only blocked and debited if you are allotted shares.
Till Now Learnings
- IPO applications can be made through ASBA or UPI.
- UPI mandates must be approved for successful application.
- Errors in application details can lead to rejection.
References
- SEBI IPO Application Guidelines
- NPCI UPI Mandate FAQs
- Broker and Bank IPO FAQs