How to Apply for an IPO in India (2026 Step-by-Step Guide)

Applying for an IPO in India has become remarkably seamless thanks to UPI 2.0 and Application Supported by Blocked Amount (ASBA). Here is the step-by-step procedure to ensure your application is valid and submitted at the best price.

Prerequisites Before Applying

• An active Demat & Trading account (e.g., Zerodha, Groww, Angel One, Upstox, ICICI Direct).
• A valid UPI ID linked to your own bank account (for UPI bidding up to ₹5 Lakhs).
• Sufficient balance in your bank account to cover the lot amount.

Step-by-Step UPI Application Process

1. Log in to your broker app and navigate to the IPO section.
2. Select the IPO you wish to apply for and click Apply / Bid.
3. Enter the number of lots (multiples of the specified lot size).
4. Crucial: Always check the Cut-Off Price box. Bidding below the cut-off price disqualifies your bid if the issue prices at the top of the band.
5. Enter your UPI ID (e.g., yourname@okhdfcbank or yourname@oksbi) and submit your bid.
6. Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and authorize the Mandate Request before 5:00 PM on closing day.

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