How to Apply for an IPO
Follow these simple steps to apply for an IPO through your Demat account.
Open a Demat account
Open a Demat account if you don't already have one with a registered broker.
Go to the IPO section
Go to the IPO section in your broker's app or website.
Select the IPO
Select the IPO you wish to apply for.
Choose your investor category
Choose your investor category (Retail / HNI / Others).
Enter the lot size and your UPI ID
Enter the lot size and your UPI ID.
Receive application number
You'll receive an IPO application number as confirmation.
Approve UPI mandate
Your bank sends a UPI mandate request — approve it to block the required amount.
Allotment finalized
After the IPO window closes, the allotment is finalized by the registrar.
If allotted: Shares credited
If allotted: Shares are credited to your Demat account before the listing date.
If not allotted: Refund processed
If not allotted: The blocked amount is automatically released/refunded by your bank.
Frequently Asked Questions
Find answers to common questions about IPOs and the application process.