Answer
You can easily apply for IPOs through 5paisa using their website or mobile app. The process is paperless and uses the UPI-based ASBA system. You can apply as a “guest” without a 5paisa Demat account.
Steps to Apply for IPO with 5paisa:
- Log in to the 5paisa website or app, go to the IPO section, and select the active IPO.
- Enter the lot size, price, and your UPI ID.
- Confirm the details. You’ll get a request on your UPI app to block the funds, which will stay blocked until allotment.
Key Details:
- Apply for an IPO without a 5paisa account using the “Guest IPO Application” feature.
- You wil need a UPI ID linked to a bank account. Apply within the IPO window.
- Allotted shares go to your Demat account; unallotted funds are released.