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How Can I Apply In IPO/FPO Via Phonepe ?

Published: Tuesday, 02 March 2021

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 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

  1. Bids via UPI are placed for Retail investors only in which the maximum order size is of Rs 2 lakh. 
  2. The IPO/FPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply 
  3. For the upcoming IPO/FPO list, you can refer to this Link.
  4. The cut of timing for bids is 3:30 PM on the last day of bidding.




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