How to apply for an IPO through BHIM UPI?

To apply for an IPO through BHIM UPI, follow these steps:

• Login to your stock broker's app and select the desired IPO.
• Enter your bid details and your BHIM UPI ID as the payment method.
• You will receive a mandate notification on your BHIM app.
• Open the BHIM app, go to the IPO section under My Mandates, and review the request.
• Enter your UPI PIN to approve the mandate and block the funds in your bank account.

The amount remains blocked until allotment, after which it is either debited or unblocked.