How to purchase IPO on ProStocks app?

To buy an IPO on the ProStocks app, follow these steps:

1. Open the ProStocks app and log in.
2. Tap “More” (bottom-right) and select “Bids”.
3. Pick an active IPO from the list.
4. Enter Details: Enter your UPI ID linked to your bank.
5. Tap “Submit” to place your bid.
6. You will get a mandate request on your UPI app (e.g., BHIM, HDFC, SBI). Approve it to block the funds.
7. Maximum UPI Application Value: ₹500,000

Alternative Methods:

• Web Portal: Log in at star.prostocks.com and click “Apply IPO” on the dashboard.
• ASBA (Net Banking): Use ASBA if your application is over ₹500,000.
• NRI Application: Use the “Bid” option in the app with your UPI address, or ASBA through your NRE/NRO account. Choose CDSL as the depository.

Important Notes:

• Bid at the “Cut-off” price to increase your chances of getting shares.
• Not approving the UPI mandate will cancel your application.
• You need your ProStocks Demat account number for ASBA applications.