Answer
A UPI mandate request for an IPO is usually received within 1 to 24 hours after bidding. It often arrives within 15–20 minutes, but high volume or bank delays can extend this to one day.
Key Details on Timing:
- Mandates are sent during exchange working hours (10:00 AM to 5:00 PM).
- Mandate arrives within 24 hours of bidding start.
- Applications after 5 PM are processed the next working day.
- Mandate not received in 24 hours – Check UPI app, verify UPI ID, or re-apply.
Note: Mandates are issued only during IPO opening days, and you must approve it before the deadline (often noon the day after the IPO closes).