Apply IPO through UPI ID online

If applying for an IPO via Net Banking is the Classic way, then applying via UPI (Unified Payments Interface) is the Modern way. It is fast, mobile-friendly, and has become the primary method for millions of retail investors in India. Instead of navigating through complex bank portals, you can simply use your favorite payment app like Google Pay, PhonePe, or BHIM to block your funds.

In 2026, the process is smoother than ever. The NPCI (National Payments Corporation of India) and SEBI have worked together to ensure that once you place a bid on your broker's app, the payment request reaches your phone almost instantly. For a retail investor, this one-click experience makes participating in the stock market as easy as paying for a cup of tea.

Begin your journey with a hassle-free Demat account

The 7-Step UPI Application Process

Applying for an IPO using your UPI ID is a two-part journey: first on your broker's app and then on your UPI app.

1. Login to Your Broker App

Open your trading app (e.g., Motilal Oswal RIISE). Navigate to the IPO or Invest section. You will see a list of Current or Open IPOs.

2. Enter Your Bid Details

Select the IPO you want to apply for. Enter the Number of Lots and always tick the Cut-off Price box to ensure your bid is valid at the final discovered price.

3. Enter Your UPI ID

The app will ask for your UPI ID (e.g., yourname@okhdfcbank or mobilenumber@ybl).

• Important: Ensure the bank account linked to this UPI ID is in your name and has the same PAN card as your Demat account.

4. Receive the Mandate Notification

Once you submit the bid, the exchange sends a request to your UPI app. You will receive a push notification on your phone saying, IPO Mandate Request Received.

• Note: Sometimes this request can take 2-6 hours on the first day of a busy IPO.

5. Approve the Mandate

Open your UPI app (GPay, PhonePe, etc.) and go to the Mandates or Autopay section. Review the details (Company Name and Amount). Click Approve and enter your UPI PIN.

6. Funds are Blocked

Your bank will immediately send you an SMS saying the amount (e.g., ₹14,800) has been blocked. This money is not deducted; it remains in your account, earning interest, but you cannot spend it.

7. Bid Confirmation

Your broker app will update your status to Bid Uploaded to Exchange. This confirms your application is officially in the lottery pool.

UPI App Mandate Locations (Where to Find Them?)

If you miss the notification, you can find the pending request here:

• Google Pay: Profile (Top Right) $\rightarrow$ Mandates.

• PhonePe: Profile (Top Left) $\rightarrow$ Payments Management $\rightarrow$ Autopay/Mandates.

• Paytm: Search for IPO in the search bar $\rightarrow$ My Applications $\rightarrow$ Pending Mandates.

• BHIM: IPO Section $\rightarrow$ Pending Requests.

Comparison: UPI vs. Net Banking (ASBA)

Pro-Tips for a Successful UPI Bid

• The PAN Match Rule: Never use your friend's or relative's UPI ID to apply for an IPO in your name. SEBI will reject the application because the PAN card on the bank account must match the PAN on the Demat account.

• The 5 PM Deadline: On the final day of the IPO, you must approve your UPI mandate before 5:00 PM. If you approve it at 5:01 PM, your application is dead.

• Avoid Last Hour Bidding: UPI servers often get slow on the last day due to heavy traffic. Always try to finish your application by Day 2 or the morning of Day 3.