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You can apply in IPO/FPO using Phonepe which is a UPI application, Basically, UPI (Unified Payments Interface) is an instant payment system on the mobile platform, In addition, UPI also allows blocking money for special purposes like IPO/FPO applications.
Kindly follow the below-mentioned steps for applying IPO via Phonepe.
1.For Applying In IPO/FPO first, you have to install & register on the Phonepe application on your smartphone, Post-registration you have to send a mail at Support@sasonline.in containing Bid details (Client ID, UPI id, Number of lots would like to bid (max to Rs 2 lacs))
2.After placing Bid for the particular IPO/FPO we will inform you via mail along with order no. and you will receive a mandate on your Phonepe App and need to confirm it. (Phonepe>>Notification>> Accept).
3. Go to Notification & click on IPO mandate notification
4..Enter your Phonepe UPI password & your mandate will be verified & the required amount will be blocked on your bank account.
Points To Remember
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