How to register on the BHIM UPI App for IPO?

To register and apply for an IPO on BHIM UPI, follow these steps:

1. Download BHIM and link your bank account to create your UPI ID (VPA).
2. On your broker’s app/website, select the IPO, enter bidding details and your BHIM UPI ID.
3. You will get an SMS and a BHIM notification about the block request.
4. Open BHIM, go to “Mandates” or “UPI Autopay,” find the IPO request in the “Pending” tab, verify details (amount/issuer), select “Approve,” and enter your UPI PIN.
5. Funds are blocked until allotment.

Key Tips for IPOs on BHIM UPI:

• Ensure the IPO collect request has a “Verified Merchant” mark to avoid fraudulent requests.
• The mandate request remains valid until 12:00 PM on the day after the issue closes.
• You must have enough funds as the amount is blocked upon approval.
• Modify or cancel your bid through your broker.