How to Apply for IPO Using UPI Step by Step in 2026

When reviewing how to apply for IPO using UPI, it is crucial to understand the latest market trends, official data, and key takeaways.

Applying for an Initial Public Offering (IPO) in India is quick and simple when you use your Unified Payments Interface (UPI) ID. Instead of traditional paperwork, your broker app links directly to your bank account via UPI to block funds securely until shares are allotted.

This step-by-step guide will walk you through the entire process in plain English so you can bid for upcoming company shares safely from your phone. You can also explore Technology news updates for digital banking trends and check Yojana updates for government financial schemes.

Table of Contents

• What You Need Before Applying
• Step-by-Step Guide to Applying via UPI
• Understanding the UPI Mandate Request
• Common Mistakes to Avoid
• Frequently Asked Questions

What You Need Before Applying

Before you start your IPO application, make sure you have a few essential tools ready on your phone. You need an active Demat account with a registered stock broker like Zerodha, Groww, or Angel One.

You also need a verified UPI ID linked to your bank account that permits peer-to-peer and merchant mandates. Ensure your bank account has enough balance to cover the total bid amount for at least one lot size.

Step-by-Step Guide to Applying via UPI

Follow these simple steps to place your IPO bid successfully through your broker application and UPI app.

1. Log in to your stock broker app or website and open the active IPO section.
2. Select the company you want to invest in and tap on the Apply button.
3. Enter your bid details, such as the number of lots and the cutoff price.
4. Enter your valid UPI ID (ending in @upi or @okhdfcbank) when prompted for payment.
5. Submit the application form on your broker app.

Understanding the UPI Mandate Request

Once you submit your bid, your bank sends a mandate notification to your UPI payment app within a few hours. A mandate is a digital permission slip that blocks the required money in your bank account.

Open your UPI app (such as Google Pay, PhonePe, or BHIM), view the pending mandate request, and approve it by entering your UPI PIN. If you do not approve the mandate before the IPO closes, your application stands cancelled.

What Happens After You Apply?

Your blocked money stays safe in your own bank account and continues to earn interest while the share allotment takes place. If you do not get any shares allotted, your bank releases the blocked funds back into your active balance within a few days.

If shares are successfully allotted to you, the money leaves your account, and the shares appear in your Demat account before the listing date. Keep track of your subscription status and check allotment results on official registrar websites.

Frequently Asked Questions

What is required to apply for an IPO using UPI?

You need an active Demat account, a verified UPI ID linked to your bank account, and sufficient funds to cover your bid size.

How long does it take for blocked funds to release if not allotted?

Blocked funds are usually released back to your usable bank balance within 2 to 4 working days after the final allotment date.

Can I edit my UPI IPO application after submitting?

Most brokers allow you to modify or cancel your bid before the IPO window closes for the day, but you must approve any new mandate request.

What should I do if I do not receive the UPI mandate notification?

Log out and log back into your UPI app, check the pending mandates section manually, or cancel the request and reapply through your broker.

Disclaimer: This article is for information and education purposes only. It is not investment advice. Please consult a SEBI-registered financial advisor before investing. Stock market investments carry market risks.

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