Answer
You can apply for IPOs online for free with Alice Blue using their dedicated platform and UPI payment. The application process is available through the Rise app or the Alice Blue IPO web console, not the main ANT trading app.
To apply for an IPO with Alice Blue, follow these steps:
- Log in to the Alice Blue IPO portal using your client ID and password.
- Selectthe IPO you are interested in from the list of open and active issues.
- Enterthe lot size, price and your UPI ID, then click submit.
- Open your UPI app (like BHIM or GPay) and approve the mandate request to block the funds.
Key points:
- Alice Blue charges zero brokerage for online IPO applications.
- You can also apply via your bank account’s Net Banking (ASBA process).
- You can track your IPO application status directly on the Rise app or web platform.