You can apply for IPOs on ArihantPLUS app for free in just 30 seconds using UPI.

• Login to the ArihantPLUS app on your mobile phone. 

• On the dashboard under products, tap on IPO 

• You’ll see the list of Open IPOs along with key details like price band, closing date, subscription status and where applicable, Arihant’s recommendation, research report and video analysis.

• Select the IPO you want to bid for and tap on Apply.

• Review the IPO information and tap on apply.

• Choose your investor category - retail (up to ₹2 lakhs), HNI (up to ₹5 lakhs) or employee/shareholder (if applicable for that IPO) 

• Enter or edit the quantity

• The upper price band (with cut-off price option) is auto-selected, but you can change it if you wish. 

• Your UPI ID will be pre-filled if you’ve applied before (tap Change to update it). First-time applicants can select their UPI app or enter a new UPI ID. 

• Tap on Proceed

• Review your application. Tap Edit if you need to make changes. 

• Tap “Confirm and Apply” to submit your bid.

• Open your UPI app and accept the payment mandate to block your funds. Make sure to approve it before 5 PM on the IPO closing day to complete your application.

How many bids can be placed in an IPO?

You can place up to 3 bids in your IPO application. The bids placed must be within the price range and the quantity must be a multiple of the IPO lot size. The highest amount among the 3 bids gets blocked. 

Suppose the price range of an IPO is between ₹105 and ₹110. The 3 bids are as follows:

The eligible bid for different issue prices are:

The amount blocked for the IPO will be ₹16,430 which is the highest among all 3 bids. 

Important points to remember:

• Use a UPI ID mapped to your own bank account or your application will get rejected.

• Your IPO application amount is temporarily blocked in your bank account, not deducted immediately. Keep the blocked amount untouched in your account until the allotment process completes to avoid application rejection.

• Always select 'Cut-off Price' option as it ensures your bid automatically matches the final IPO price. If you bid for a lower price and the final issue price settles higher, your application will be rejected. 

• You can Pre-apply for IPOs 1-2 days before it officially opens. Your application will be submitted on the IPO open date, and you will receive a UPI payment mandate to approve on your UPI app.  Please note that pre-applying is purely for your convenience, it does not increase or alter your chances of share allotment. 

• You can submit only one application through each PAN. Multiple applications for the same IPO under the same PAN card will lead to rejection.

• Placing a bid on the ArihantPLUS app is only step one. You must approve the UPI mandate on your UPI app before 5:00 PM on the IPO closing day, or your bid will fail.

• Minors, NRI and HUF applications are also made under the retail or HNI investor category following the standard IPO application process outlined above.

Key things to know about application process

• Quantity: If you want to apply for more than 1 lot then manually enter the quantity in multiples of lot size on the application order page. For example, if 1 lot = 50 shares, enter 50, 100, 150, etc.

• Price: The Cut-off Price option is selected by default for retail applications. It is recommended to keep this selected so your application isn't rejected if the IPO discovers its final price at the upper band. 

• UPI Payment: Your saved UPI ID is pre-filled automatically. To use a different one, tap Edit next to your UPI ID, update it, and tap Confirm & Apply. 

• UPI Mandate Approval: Open your UPI app and approve the payment mandate request as soon as you apply. While SEBI rules allow mandate approvals until 5:00 PM on the IPO closing day, don’t wait till the last minute. Approving it immediately prevents bank network delays and ensures your application is not rejected.