Answer
You can invest in IPOs online using the Dhan App with the ASBA feature. You can also set up “Super IPO” for automatic bidding.
Steps to Apply for an IPO on Dhan:
- Log In: Open the Dhan App or website and log in.
- Find IPO Section: Go to the “Money” tab and tap “IPO”.
- Pick an IPO: Choose an active IPO and click “Apply Now”.
- Enter Your Details: Fill in your bid details (price and quantity) and your UPI ID.
Block Your Funds: Approve the UPI mandate in your banking app to block the funds.