How to apply for an IPO via UPI?

To apply for an IPO via UPI, follow these steps:

• Log in to your stockbroker's mobile app or website and select the active IPO you wish to subscribe to.
• Enter your bid details, such as the quantity of lots and the price, then provide your valid UPI ID.
• Once the bid is submitted, you will receive a mandate request on your UPI application.
• Approve the mandate by entering your UPI PIN to block the application amount in your bank account.

The funds remain blocked until allotment is finalized, after which they are either debited or released.