How to Check IPO Application Status via UPI ID

Initial Public Offerings (IPOs) allow companies to raise funds from the public, and investors can now conveniently apply using their UPI IDs. This method simplifies payments, enables faster processing, and provides flexibility. The following sections explain the process of IPO application through UPI, how to create a UPI ID, ways to check application status, supported banks and apps, and key advantages and limitations.

IPO application via UPI is a facility that enables investors to apply for shares in a public offering using their UPI ID for payment authorisation. Instead of relying on net banking or physical cheque payments, applicants can block the required amount in their bank account through the UPI mandate. This ensures funds are available until allotment and debited only if shares are allotted.

To apply for IPOs through UPI, investors need an active UPI ID linked to their bank account. The steps to create a UPI ID are as follows:

• Download a UPI-enabled mobile application such as BHIM, PhonePe, Google Pay, or a bank-specific UPI app.
  

• Register with your mobile number linked to the bank account.
  

• Create a unique UPI ID (for example, name@upi).
  

• Set up a UPI PIN by providing debit card details and generating an authorisation code.
  

• Verify successful linking by conducting a small transaction.

Applying for an IPO using UPI involves a straightforward process. Investors need to follow these steps:

• Log in to a broker platform, bank, or trading application that supports IPO applications.
  

• Select the IPO you want to apply for and enter bid details such as quantity and price.
  

• Enter your UPI ID in the designated field.
  

• Confirm the application and receive a UPI mandate request on your UPI app.
  

• Approve the mandate to block the required funds.
  

• Wait for allotment, after which the blocked amount is either debited (if shares are allotted) or released.

Investors can track their IPO application status through different channels. The main methods include:

• Stock exchanges (NSE or BSE): Enter your application details or PAN on the official websites to view status.
  

• Registrar’s website: Use details like application number or DP ID to check updates.
  

• Bank or broker platforms: Many brokers and banks offer integrated status checks in their portals.
  

• UPI app notifications: Updates on mandate approval, expiry, or failure are reflected within the UPI app.

A UPI mandate in IPO applications refers to the authorisation request sent to the investor’s UPI app to block the required funds for the IPO. When the investor approves the mandate, the specified amount is earmarked in the bank account until allotment. If shares are allotted, the amount is debited; if not, the mandate is released.

Using UPI for IPO applications has several advantages, such as:

• Faster and simpler application process.
  

• Instant payment blocking without separate net banking logins.
  

• Greater transparency with real-time mandate approval.
  

• Reduced paperwork and delays compared to offline methods.

While UPI makes IPO applications convenient, there are some potential challenges:

• Delay in receiving or approving UPI mandates.
  

• Technical failures in apps during peak IPO periods.
  

• Transaction limits imposed by UPI (₹5 Lakhs per mandate).
  

• Limited availability of some banks or apps for IPO support.

IPO applications through UPI have improved accessibility and efficiency for investors by streamlining the payment and approval process. While the method provides faster processing and improved transparency, applicants should remain aware of potential technical delays and transaction limits. Using reliable apps and ensuring timely mandate approval can help minimise issues during IPO applications.

This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.