Answer
Pre-Application Functionality allows investors to submit IPO application details and place orders in advance of the formal opening.
- Orders are stored and submitted to the exchange when the IPO officially opens.
- UPI mandate requests are received after the IPO goes live or within 24 hours of the bid opening.
Steps – Login to Upstox, go to ‘Discover’, select ‘IPO’, and pre-apply. Confirm the application after the IPO goes live.