How to apply IPO through 5paisa App?

Steps to Apply for IPO through 5paisa App:

1. Open the 5paisa Mobile App and log in with your credentials.
2. Find and select the “IPO” option in the menu.
3. Look at the list of current and upcoming IPOs and choose the one you want to apply for.
4. Enter the lot quantity, bid price (preferably the cut-off price), and your UPI ID.
5. Click “Apply” to submit your bid.
6. Open your UPI app (like BHIM or GPay) and approve the mandate to block the funds. The funds will stay blocked until the allotment date.

Key Considerations:

• The IPO application is sent to the exchange only after you approve the mandate in your UPI app.
• The mandate request might take up to 12 hours to show in your UPI app, but it is usually instant.
• Funds are debited for allotted shares; if not alloted, the block is released after allotment is finalised.
• You need an active 5paisa Demat and Trading account to apply.