A Comprehensive Guide: How to Apply for an IPO Online?


Investing in Initial Public Offerings (IPOs) can be an exciting opportunity for investors and financial enthusiasts. It allows you to be part of a company’s journey right from its early public phase. However, before apply  for an IPO online may seem challenging to many. This blog aims to decode the process and provide a step-by-step guide on how to do it efficiently and effectively.

Understanding IPOs

Before diving into the application process, it’s important to understand what an IPO is. An initial public offering (IPO) is the pivotal process through which a privately held company transitions into a publicly traded entity by offering its shares to the general public for the first time. This significant milestone presents a unique opportunity for private companies to raise essential capital, clear existing debt, and secure the necessary funds to fuel their strategic growth initiatives. By transitioning to the public market, companies can access a broader investor base and unlock additional financial resources to support their long-term objectives.

Now, let’s walk through the online application process step by step.

Step 1: Log In to Your Broker’s Online Account

The first step is to access your online brokerage account. This requires you to have an account with a broker that offers the facility to apply for IPOs. Ensure your account is active and you have the credentials to log in.

If you aren’t sure how to choose a broker, the below five tips will help: 

  1. Research and compare different brokers based on their fees, customer service, and user-friendly interface.
  2. Check if the broker offers IPO application services.
  3. Verify if the broker has a good track record of successful IPO applications.
  4. Look for additional features or perks the broker may offer to enhance your investing experience.
  5. Ensure the broker is regulated and licensed by the appropriate authorities.

Step 2: Navigate to the IPO Section

Once logged in, look for the IPO section. Depending on the platform, this could be titled differently but often falls under “Investments” or directly labelled as “IPO.” Head over to the current IPO section to see a list of available IPOs you can apply for.

Step 3: Enter the Lot Size

After selecting the IPO you wish to apply for, you must specify the number of shares or the lot size. IPO shares are sold in lots, and investors can bid for one or multiple lots. Read the IPO prospectus to know the minimum and maximum lot size you can apply for.

Step 4: Provide Your UPI ID

Once you have entered your desired lot size, you will be prompted to enter your UPI ID. This is a crucial step, as the bid amount will be locked in your bank account via the UPI mandate, and it ensures a seamless transaction process. Ensure your UPI ID is linked to your bank account and has the requisite funds.

Step 5: Submit Your Request

Review all the information you have entered carefully before submitting your IPO application. Ensure all the details are accurate to avoid any issues with your application.

Step 6: Await the UPI Mandate

After submission, you will receive a UPI mandate request on your mobile through your UPI app. This mandate essentially confirms blocking the bid amount in your bank account. You need to accept the mandate to proceed with your application. It’s important to act swiftly, as mandates usually have a deadline.

Step 7: Check the IPO Application Status

Once your mandate is approved, your application will be deemed complete. However, staying updated on your application’s status is always advisable. You can easily do this by revisiting the IPO section of your broker’s online platform, where you will find comprehensive details about your application and its current status. Keeping track of this information ensures you are well-informed throughout the process.


Applying for an IPO online is a straightforward process that can open up new investment opportunities which starts with opening a demat account. You can easily navigate the application process by following the steps outlined above. Remember, investing in IPOs carries its own set of risks and rewards. Therefore, conducting thorough research and understanding the company’s prospectus is crucial before making an investment decision. Happy investing!