Ruchi Soya Industries is launching its FPO with a price band of ₹615-₹650 per share. The FPO will be open for subscription between 24 March 2022 and 28 March 2022. However, you can pre-apply on Upstox from 23 March 2022.
What does pre-applying for an FPO mean?
Pre-applying for an FPO is a way to apply for public issues in advance, before they go live. Once the FPO goes live, you will receive a UPI mandate. Accept this to block the FPO application amount and successfully place your bid.
To pre-apply for the FPO/IPO, you can follow these steps:
1. Login to Upstox using your 6-digit Pin or Biometrics and visit the IPO page under the ‘Discover Tab’.
2. Once you’re on the IPO page click on Ongoing IPO, there you will be able to see Latest IPOs/FPOs to invest. You will be able to see the Pre-apply option.
3. You can also check the detailed information of an IPO/FPO by clicking on the IPO details.
4. Once you click on the Pre-apply option, fill in the required details and click to continue.
5. Review the IPO/FPO application once again with all the details and click to confirm and pre-apply.
6. Your Pre- application for IPO/FPO will be created and you will see a UPI Mandate message stating the date on which you will receive UPI mandate notification to block your bid amount.
Also, keep in mind: UPI notification would be sent via an SMS from your UPI app or it would be under the ‘Mandates’ section on your UPI app. Accept this to block the FPO application amount and successfully place your bid. If you haven’t received the notification within 6 hours on the day the FPO has gone Live, you may need to delete your application and reapply for the FPO.
7. You can check your Pre-apply IPO/FPO application under My IPO section. It will show you the status of an IPO/FPO as ‘Pre-applied’.
8. In case you want to delete your Pre-application of an FPO, click ‘View More’ under ‘My IPO’ where you will be able to see the ‘Delete Application' option. You can delete your pre-IPO/FPO application anytime before the IPO/FPO closes.