How to apply for an IPO with UPI?

Applying for an IPO with UPI is a simple, paperless process for retail investors. To apply, follow these steps:

• Log in to your stock broker app and select the desired IPO.
• Enter your bid details, such as quantity and price.
• Provide your valid UPI ID linked to your bank account.
• Open your UPI app to find the mandate request notification.
• Approve the mandate by entering your UPI PIN to block the funds in your account.

The amount remains blocked until allotment is finalized.