How to purchase IPO in Angel One App?

Retail investors can invest up to ₹2,00,000 using this UPI-based ASBA process.

To apply for an IPO via Angel One:

1. Open the app, tap ‘IPO’ or find it under ‘Investment Opportunities’.
2. Select the IPO, view details (price band, lot size).
3. Tap ‘Apply Now’. Enter lots and bidding price (often ‘cut-off’ for retail).
4. Enter your linked UPI ID.
5. Tap ‘Invest’ and confirm. Approve the mandate request on your UPI app (e.g., BHIM, Google Pay) to block the funds. The funds remain in your bank until allotment.

Key Notes:

• The blocked amount will be unblocked automatically in case of non-allotment.
• Make sure your UPI ID is linked to your bank account.
• High Net-Worth Individuals (HNI) investing over ₹2 lakh needs the ASBA process through your bank.