First time bidding for an IPO? This is all you need to know.
Bidding online is one of the most efficient ways to subscribe to an IPO.
- If you are an Arihant Customer, simply login using your client code and OTP.
- Not an Arihant customer? No worries, apply using your PAN number.
- Enter the bid quantity and approve the UPI payment mandate.
- Your bid is complete!
When the IPO shares are allotted, you will either get full or partial allotment from the bid you made.
Sometimes, the IPO is oversubscribed, and you may not get any shares allotted to you. In such cases the full amount will be refunded to you.
To apply for an IPO,
- It is necessary to have a demat account and a UPI ID.
- Don’t have a demat account yet? Click here.
- Your mobile number should be linked to your bank account.
Applying for an IPO using UPI is super quick.
Haven’t started using UPI yet? Open one using your bank or UPI applications like Google Pay, BHIM, PhonePe etc.
Click here to learn how to create your UPI