How to apply for IPOs on Upstox?

You can now invest in IPOs right from the Upstox platform and as easily as the steps below.

Log in to Upstox Pro. If you are using the Web version, go to the main drop-down menu and, look for ‘Apply for IPO’

If you are using the Upstox Pro app, open the sidebar menu on the top left corner of the screen and click on ‘Apply for IPO’

You will now be redirected to the IPO listings screen

(Data on this dummy is only for representation. SBICARDS IPO will be available for subscription between 2nd to 5th Mar 2020. Minimum quantity of order = 19 shares ; Bid Price Range = INR 750 - INR 755)

If you click on ‘View details’ of a particular IPO, you can read about the IPO details like in the screen below- 

(Data on this dummy is only for representation. SBICARDS IPO will be available for subscription between 2nd to 5th Mar 2020. Minimum quantity of order = 19 shares ; Bid Price Range = INR 750 - INR 755)

 

To apply for the chosen IPO you will need to enter your UPI ID. The screen will look like this:


Now enter your  details. Remember the quantity should be multiples of a lot size (19 shares in case of SBI CARDS) and the price should be in the range of INR 750- INR 755. On selecting cut-off price, price will pre-filled with INR 755.

You will now see the confirmation screen which looks like this.


(Data on this dummy is only for representation. SBICARDS IPO will be available for subscription between 2nd to 5th Mar 2020. Minimum quantity of order = 19 shares ; Bid Price Range = INR 750 - INR 755)

Once you click on ‘Place order’, you will see the bid completed screen


Remember, your bid is not complete till the mandate is accepted on your UPI app. So, click on ‘Proceed’ 

 

You can also delete your bid. Just click on ‘Apply for IPO’ in the main menu and click on ‘View details’ then click on ‘Delete bid’

To modify your bid, just delete your existing bid and re-apply for the IPO

 

Here is how to check your allotment status

The IPO allotment process takes place within 1 week on IPO release date for all Large Cap IPOs. Link Intime India Private Limited is the registrar to SBI Cards IPO. You can check allotment status here  - https://linkintime.co.in/IPO/public-issues.html


Please note:

You will need to update the Upstox Pro Android app to the latest version in order to be able to apply for IPOs.

Data on the screenshots of this article are for representation only.

SBICARDS IPO will be available for subscription between 2nd to 5th Mar 2020. Minimum quantity of order = 19 shares ; Bid Price Range = INR 750 - INR 755