IPO Basics 5 min read
How to Apply for an IPO in India - Complete Guide
Step-by-step guide to applying for IPOs through UPI, ASBA, and online broker platforms.
F
IPOfins Team
Finance Research & Data • June 2026
How to Apply for IPO in India (2026)
Applying for an IPO in India is simple and takes under 5 minutes using any broker app.
Prerequisites
- Demat Account — Open with Zerodha, Groww, or Upstox (free)
- Bank Account — Linked to UPI with sufficient funds
- PAN Card — KYC must be complete
Step-by-Step Process
- Open your broker app (Zerodha Kite, Groww, or Upstox)
- Go to IPO section
- Select the IPO you want to apply for
- Choose number of lots — 1 lot recommended for best allotment probability
- Enter bid price — Select Cut-off price (recommended)
- Enter your UPI ID
- Submit application
- Approve UPI mandate within 24 hours
Important Points
- Money is blocked (not debited) until allotment — this is ASBA
- Maximum retail application: ₹2,00,000
- Only one application per PAN per IPO
- If mandate not approved in 24 hours, application rejected