Applying for an IPO using UPI is a seamless and efficient process. Understanding the UPI IPO mechanism, limits, rules, and troubleshooting common issues will help investors have a hassle-free IPO application experience. Always ensure you approve the UPI mandate on time to avoid bid rejection. If you face any issues, reach out to your broker or bank immediately.

UPI IPO Application

The Unified Payment Interface resulted in a complete revolution of IPO applications by delivering streamlined and effective procedures as well as faster processing. Investors can make applications for IPOs through UPI either digitally or manually. This comprehensive guide provides complete information on UPI IPO applications while discussing application processes along with rules and mandates, identification of technical issues, and answers to common questions.

What is a UPI IPO Application?

The system of applying for IPOs through the UPI payment gateway is known as UPI IPO application. UPI (Unified Payments Interface) represents an immediate real-time payment system that originated from the National Payments Corporation of India (NPCI). The system provides instant money transfers which enable IPO payment processing directly from connected bank accounts.

Key Features of UPI IPO:

• Quick and paperless application
• No need to visit the bank
• Faster refunds for unsuccessful applications
• Secure and reliable payment method

UPI Mechanism for IPO Application

Online IPO Application via UPI

Brokers permit investors to file IPO applications through their trading platforms that accept payments from UPI ID.

Steps to Apply Online via UPI:

1. Investors must download any UPI-compatible application among Google Pay BHIM Paytm PhonePe and other available options.
2. Create a UPI ID followed by setting the PIN
3. Investors must first create both Demat and trading accounts with a broker.
4. Login to the broker's platform
5. Users can find and choose the preferred IPO from the IPO section.
6. Enter IPO bid details
7. The application requires investors to submit their UPI ID for processing.
8. Verify and approve the UPI mandate request through your selected UPI application.

Offline IPO Application via UPI

Investors who apply for IPOs offline need to write their UPI ID into the application form before giving it to a broker or registered intermediary.

Steps to Apply Offline via UPI:

1. The IPO application form exists in a two-fold format since investors can obtain it either from NSE/BSE or through a broker/bank.
2. Users must enter their identification details together with bank information.
3. Documents with bid amounts as well as UPI ID must be entered before submission.
4. Submit the form to the broker
5. Approve the UPI mandate request

UPI IPO ID and Limits

UPI IPO ID

• IPO seekers need to establish a UPI ID (Virtual Payment Address - VPA) to file their applications.
• In order to establish a UPI identity users must follow the xyz@bank/paymentapp format (rahul@icici or 9876543210@upi).
• Investors need to select UPI applications that NPCI officially approves for their transactions.

UPI IPO Limit

• The maximum amount of money through UPI for IPO applications now reaches Rs. 5 lakhs from its previous limit of Rs. 2 lakhs.
• Investors utilizing UPI must enter their bid at no more than Rs. 2 lakhs when they are retail investors yet non-institutional investors can enter their bid at no more than Rs. 5 lakhs with UPI.

UPI IPO Time

• The deadline to validate UPI mandates through approval occurs before 5 PM on the series closing day.
• Brokers implement an early deadline as a precaution to prevent bid-related troubles at the final moment.

IPO UPI Rules

1. Individual investors make up the only category allowed to apply for IPOs through UPI.
2. Investors need to possess a UPI ID to place their bids through the UPI digital platform.
3. The UPI mandate request must get approved so the bid can be validated.
4. The offline UPI application cannot be used for SCSB bank transactions but it can be utilized for broker, registrar, or depository submissions.

IPO UPI Mandate Issues & Troubleshooting

IPO UPI Mandate Approval

The approval of UPI mandate requests through UPI apps becomes necessary for investors to finish IPO application procedures.

Common UPI Mandate Issues & Solutions

Checking UPI IPO Application Status

Investors can check their IPO application status through the broker’s trading platform or the stock exchange website.

Steps to Check IPO UPI Application Status:

1. Login to the broker’s platform or bank’s net banking portal.
2. Go to the IPO section and check the bid history.
3. Find your application status:
   • UPI Confirmation Pending
   • Bid Successfully Submitted
   • UPI Mandate Pending
   • Bid Rejected

To check allotment status, visit the registrar’s website (e.g., Link Intime or KFintech) or stock exchange websites (NSE/BSE).

IPO UPI Complaint Handling

If investors face any issues regarding IPO payments or mandates, they should first contact their broker or UPI app support.

Steps to Register an IPO UPI Complaint:

1. Contact the broker or intermediary.
2. Reach out to the bank or NPCI helpline.
3. Submit a complaint to SEBI through SCORES (https://scores.gov.in/).

UPI IPO on Different Apps

Bhim UPI IPO

Steps to Approve IPO Mandate on BHIM UPI:

1. Open the BHIM UPI app.
2. Navigate to the "Mandate" section.
3. Locate the IPO mandate request and approve it.
4. Enter the UPI PIN to complete the process.

GPay UPI IPO

Steps to Approve IPO Mandate on Google Pay:

1. Open the Google Pay app.
2. Go to "Profile" and select "UPI Mandates."
3. Locate the IPO mandate and approve it.
4. Enter the UPI PIN to authorize the transaction.

Frequently Asked Questions (FAQs) on UPI for IPO Application

1. What is UPI ID for IPO application?

A UPI ID (Unified Payments Interface ID) is a virtual payment address that links your bank account to facilitate online transactions, including IPO applications.

2. What is UPI ID in IPO application?

In an IPO application, the UPI ID is used to authorize and block the IPO application amount in your bank account. Once the mandate is approved, the funds are reserved until allotment.

3. What is UPI type in IPO application?

The UPI type refers to the payment service provider supporting IPO applications. Currently, NPCI-approved UPI apps like Google Pay, PhonePe, Paytm, and BHIM can be used for IPO applications.

4. How to create a UPI ID for IPO application?

• Download a UPI-enabled app like Google Pay, PhonePe, or BHIM.
• Register with your mobile number linked to your bank account.
• Set up a UPI ID and link your bank account.
• Use this UPI ID while applying for IPOs.

5. How to change the UPI ID in the IPO application?

You can change your UPI ID before submitting the IPO application. Simply enter the new UPI ID during the application process. However, once submitted, it cannot be changed.

6. Can we apply IPO without UPI?

Yes, IPO applications can be made using ASBA (Application Supported by Blocked Amount) through net banking of banks offering this facility.

7. How to apply IPO without UPI?

You can apply through net banking ASBA:

• Log in to your bank’s net banking portal.
• Select IPO Application under ASBA services.
• Fill in IPO details and submit.

8. Can I apply for an IPO without a UPI ID?

Yes, you can use ASBA through your bank instead of a UPI-based application.

9. Can I change the UPI ID in the IPO application?

No, once submitted, you cannot change the UPI ID for an active IPO application.

10. Can I use another UPI ID for the IPO application?

Yes, you can use any valid and NPCI-approved UPI ID linked to your bank account.

11. What is UPI's mandate for IPO?

A UPI mandate is a payment request sent by the exchange to your UPI app, requiring your approval to block funds for the IPO application.

12. What is UPI status pending in IPO?

If the UPI status shows pending, it means:

• You haven't approved the mandate.
• The bank or UPI service is facing delays.
• The mandate request might have failed.

13. What is UPI status in IPO?

UPI status shows whether the mandate is approved, pending, failed, or expired.

14. Is UPI mandatory for IPO?

No, UPI is not mandatory. You can apply via ASBA through net banking.

15. Is UPI ID mandatory for IPO?

UPI ID is required only for applications through broker platforms. If applying via ASBA, it's not mandatory.

16. Which UPI is best for IPO?

NPCI-approved UPI apps like Google Pay, PhonePe, Paytm, and BHIM are best for IPO applications.

17. How to check IPO UPI status?

You can check your UPI mandate status via:

• Your UPI app under Pending Mandates
• Your broker’s IPO application status page
• The bank’s net banking platform

18. How to apply for IPO through UPI?

• Apply for an IPO using a broker’s platform.
• Enter your valid UPI ID.
• Accept the mandate request from your UPI app.

19. How to accept UPI mandate for IPO?

Open your UPI app → Go to Pending Requests → Approve the IPO Mandate.

20. How to authorize UPI payment for IPO?

You don’t need to pay manually. Just approve the UPI mandate and the funds will be blocked in your account.

21. Why UPI mandate not received for IPO?

Possible reasons:

• Entered incorrect UPI ID
• UPI app or bank server issues
• Delayed processing by NPCI

22. Why UPI ID is required for IPO?

UPI ID enables a seamless and digital payment experience, ensuring quick fund blocking and refunds.

23. Why UPI is necessary for IPO?

UPI allows fast application approval, real-time fund blocking, and instant refunds without requiring a net banking login.

24. Why UPI mandate fail for IPO?

• Insufficient balance in the account
• Technical issues with the UPI app
• Bank not supporting IPO mandates

25. How IPO UPI mandate work?

• You enter a valid UPI ID while applying.
• You receive a mandate request on your UPI app.
• On approval, the funds are blocked until allotment.

26. How to cancel IPO UPI mandate?

• Go to Pending Mandates in your UPI app.
• Select the IPO mandate and decline/cancel it.
• Alternatively, cancel the application through your broker.