If you follow the instructions in this post, you will be able to buy an IPO of any company in a very simple manner. In today’s post, we’ll explain how to buy an IPO in Upstox.
To begin with, you must have an Upstox account. If you don’t already have one, you can create one. If you do, proceed to step two if you already have an Upstox account.
How to buy IPO in Upstox?
Follow our instructions to purchase an Initial Public Offering (IPO) on Upstox. If you have a new Upstox application, you don’t need to worry about anything because we have provided instructions on how to purchase an IPO on both the old and new Upstox.
Step 1: Start by entering your ID and password to log into your Upstox account.
Step 2: You must select the Invest option listed below once the Upstox Application is open.
Step 3: You will now be presented with the options IPO and Mutual Fund; click on the IPO option to access View Ongoing IPO. Following that, you will see a variety of active IPOs that you can purchase.
Step 4: You can also see which upcoming IPOs are coming and when in this option.
Step 5: As if we were to assume that if we purchased Nykaa’s initial public offering, we would be able to see the minimum quantity that could be purchased. What the Price Range is, when the Application will begin, and when the Application will end.
Step 6: The most important information is that this IPO will be listed in the Stock Exchange. Below that, when you click on View More, you can also see when the Allotments will start and end. If your Allotments are not completed, you can also see when the Refund will be started.
Step 7: Now, if we want to take an IPO, we must click this Apply button, and we can only apply for an IPO between the hours of 10 am and 5 pm. The next step is to enter your UPI ID in the corresponding box. Individual must be chosen as the investor type.
Step 8: Then, you must indicate in BID 1 how many lots you wish to purchase; for example, if the company issues 12 shares per lot, you must purchase at least one lot.
Step 9: You must now enter the amount in the BID Price at which you wish to purchase the IPO, but before you do, I advise you to check the Cut-off Price box because it is occasionally problematic to enter your own rates.
Step 10: The next step is to check the box next to “I hereby undertake” and click “Continue.” You will then see the Total Amount, and if you accept it, you must click Confirm and Apply.
Your IPO will be successfully applied once you open your own UPI application and make the necessary payment.
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