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5paisa is a leading financial player in the Indian stock market. The firm not only offers trading and investment products across its applications but also provides the facility of applying for an IPO. So, if you are having a demat account with the firm, then here is complete detail on how to buy IPO in 5paisa.
How to Apply for IPO in 5paisa?
Applying for an IPO through this broker requires one to have a 5paisa demat account . Once you have an account, you can simply login into their platforms and use the UPI as your payment gateway method while proceeding with the application process.
Here are the steps that can answer your question of how to buy IPO in 5paisa:
Login to 5paisa trading platform by entering your username, password, and DOB (here we are sharing screenshots of 5paisa app )
From the dashboard menu, click on the USER tab.
Tapping on the tab will prompt a new window. Here, click on the “Financial Products” option.
In this option, you can find different products such as Mutual Funds, loans, insurance, gold, and IPO. Now, tap on the IPO segment.
A new screen will appear, where you can find new IPOs (if any). Simply choose the IPO, enter the bid price, quantity, etc., and choose the payment method – UPI or Bank.
Select the UPI method to apply quickly. For the same, all you require is your UPI ID. You can also generate one through the app.
Once done, click on the “submit bid” button to confirm your application.
Instantly, you will receive a mandate request on your UPI ID to block the bid account. Simply, click to approve the same.
Your bid will be successfully submitted to the bank and within a few minutes, you will receive a confirmation message from the bank.
If you do not receive an IPO allotment, then 2 days prior to the listing date, your amount will be released back to your account.
5paisa provides the facility of IPO application through its online trading platforms. Additionally, it offers the UPI gateway method which makes the overall bidding process quick and hassle-free.
Since its launch, the firm has been creating innovative ideas and techniques to offer smooth trading, investment, and IPO processes.
So with 5paisa, download the app and be ready to apply for the next IPO! open a demat account
Simplify your account opening process. Just enter the necessary details in the form given underneath and get your account opened for FREE.