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Learn how retail investors can find their IPO mandate on UPI apps with a simple step-by-step guide for smooth application processing.
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Applying for an IPO using UPI (Unified Payments Interface) has streamlined the process for retail participants. A key step in this flow is the IPO mandate—an instruction that allows funds to be blocked in your account for the application, without being debited unless shares are allotted.
This guide explains how to locate and approve IPO mandates on various UPI apps such as Google Pay, PhonePe, Paytm, and BHIM. It also outlines common issues and clarifies what happens after mandate approval.
An IPO mandate is a digital instruction that allows your bank to temporarily block funds for IPO applications through a UPI-enabled app.
Once the application is submitted, the mandate must be approved on your UPI app to complete the process. If the shares are allotted, the blocked amount is debited; if not, the amount is released back to your account.
Not all UPI apps support IPO mandates. Here's a list of NPCI-approved apps commonly used for IPO applications:
Google Pay
PhonePe
Paytm
BHIM
Groww
Zerodha Coin
Angel One
Ensure your bank account is UPI-enabled and correctly linked to your app. Use the UPI ID associated with this account while filling out your IPO form.
Google Pay is among the most popular apps supporting IPO mandates. Here's how to navigate it:
Open Google Pay
Tap on your Profile icon (top-right corner)
Go to Autopay or Mandates
Find the IPO under Pending Requests
Tap on the Mandate
Press Approve and enter your UPI PIN
Once approved, the amount will be blocked. You’ll get a confirmation notification within the app.
These apps have slightly different interfaces, but the mandate process is similar.
Tap My Money from the homepage
Choose Mandates
Look under Pending and select the IPO
Press Approve and enter UPI PIN
Tap Menu then navigate to UPI Mandates or Balance
Locate the pending IPO request
Tap Approve and confirm with UPI PIN
Go to Home screen
Tap Mandates
Select the IPO from Pending Mandates
If you don’t see the IPO mandate on your UPI app, it may happen due to several reasons:
Incorrect or mismatched UPI ID in the IPO application
Mandate delays (can take up to 24 hours)
Notifications not enabled for the app
App not updated to the latest version
Temporary downtime in UPI infrastructure
To troubleshoot:
Double-check the UPI ID submitted
Wait at least 24 hours after IPO application
Restart the app or phone
Log out and log in again
Contact your broker or the registrar if the issue persists
Once the mandate is approved:
The specified amount is blocked, not deducted
If shares are allotted, the amount is debited automatically
If shares are not allotted, the blocked amount is released
This system ensures transparency and convenience while keeping your funds secure until allocation.
Understanding how to locate and respond to IPO mandates on UPI apps helps in ensuring that the application is processed as per regulatory steps.
Verifying that the UPI ID is correctly entered and that your app is updated may help reduce the chances of missing or delayed mandates.
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.
An IPO mandate is a digital authorisation to block funds in your bank account while applying for an IPO. The funds are only debited if the allotment takes place.
Several UPI apps like Google Pay, PhonePe, Paytm, BHIM, and Groww support IPO mandates.
It may take a few minutes to 24 hours after applying. If delayed, recheck your UPI ID and restart the app.
You can check the "Pending Mandates" section on your UPI app. If it's still unavailable, verify that the UPI ID submitted is accurate, and contact your broker or the registrar for assistance.
Go to Profile then to Autopay/Mandates then to Pending Requests and approve using UPI PIN.
After approving the IPO mandate, the application amount is blocked in the investor's bank account. Once the IPO is successfully allotted, the corresponding number of shares are credited to the investor's Demat account, completing the transaction.
No. The amount remains blocked until the allotment process is complete. It is debited only if the shares are allotted.
Yes, most UPI apps allow you to view both pending and completed mandates under the Mandates section.
An IPO mandate can be checked through the bank's net banking or UPI app. The status can be verified under the “Mandate” or “Pending” section, where the investor can see if the mandate has been approved or rejected.
The UPI mandate limit for IPO applications is typically ₹2 Lakhs per application. However, this may vary based on the investor's bank and regulatory guidelines. For higher amounts, the application process may require additional verification.
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