What is pre-apply in IPO and how does it work on ArihantPlus?
The Pre-Apply feature in ArihantPlus allows you to apply for an IPO before the issue officially opens for subscription. This early-bidding option is designed to make the IPO process smoother and more convenient, ensuring that you never miss an opportunity due to last-minute technical issues or payment delays.
When you pre-apply, your IPO bid is recorded in advance and automatically submitted to the exchange once the IPO opens for bidding. It doesn’t improve your chances of allotment — the allotment still happens as per SEBI’s standard process — but it ensures your application is queued and ready for the moment the issue opens.
Why use pre-apply?
- You can apply early, even outside market hours, without waiting for the IPO window to open.
- It prevents rush-hour congestion, UPI delays, and app downtime during peak periods.
- Your application details are securely saved and automatically sent for processing when the IPO opens.
- You can modify or cancel your pre-apply bid anytime before the IPO starts.
How to pre-apply in ArihantPlus
- Open the ArihantPlus App and go to the IPO section from the home screen.
- Under Upcoming IPOs, tap on the IPO you wish to apply for.
- If the issue supports early bidding, you’ll see a “Pre-Apply Now” button.
- Tap Pre-Apply Now, enter your bid quantity and price (retail investors can select “Cut-off Price”).
- Choose your UPI ID and confirm the bid.
- Now, once the IPO opens officially, your pre-apply order is automatically submitted to the exchange.
- Approve the UPI mandate on your linked payment app (BHIM, Paytm, PhonePe, etc.) when prompted.
Payment and allotment
No money is deducted at the time of pre-apply. The amount is blocked only after you approve the UPI mandate once the IPO opens. Pre-Apply simply helps you complete the process early — the allotment remains entirely based on SEBI’s lottery system.
Where to track your pre-apply applications
You can view all your active and past IPO bids, including pre-applied ones, in the “My Applications” tab under the IPO section in ArihantPlus.
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