5paisa IPO Review (Apply Steps, UPI and Allotment Status)

5paisa offers an online IPO application for free to all its customers. 5paisa customers can apply in IPO using UPI (Unified Payment Interface) through the 5paisa.com website. While the process is not as easy as ASBA IPO application through the 3-in-1 account, the 5paisa UPI IPO application offers an option to 5paisa customers to apply in IPO online.

5paisa IPO Steps

If you already have a 5paisa demat account, following are the steps you need to follow:

1. Open the app and Select IPO
• Open the app, click on IPO section and choose the desired live IPO.
• Click Apply Now
2. Enter Application Details
• Select your investor type (Individual, Employee, Shareholder).
• Enter/edit quantity, price, upi id.
3. Submit & Approve Mandate
• Submit the application.
• Approve the mandate request on your UPI app to complete the process.

If you do not have a 5paisa demat account, following are the steps you need to follow:

Step 1: Visit the IPO Listing Page
Start by visiting 5paisa’s dedicated IPO page. This is where you can explore all active and upcoming IPOs. When you find an IPO you wish to invest in, click the “Apply” button next to it.

Step 2: Enter Your Mobile Number
Enter your mobile number on the screen. An OTP (one-time password) will be sent to this number for verification. Input the OTP to proceed.

Step 3: Enter Your Email ID and PAN
Next, enter your email ID and PAN (Permanent Account Number). Once these details are entered and confirmed, you can move ahead with the IPO application process.

Step 4: Provide Demat Account Details
In this step, you need to enter your full name and Beneficiary ID (BO ID), which links to your existing demat account. Other details such as depository participant and account type will be automatically fetched using your PAN. Review the information carefully, then click “Continue.”

Step 5: Place Your IPO Bid
On the bidding page, you can enter the number of lots you wish to apply for and choose your preferred price, depending on the IPO’s price band. If needed, you can add multiple bids. Enter your UPI ID, verify it, and then click on “Apply.” You’ll receive a UPI mandate request in your linked banking app—approve it to complete your application.

Step 6: Track or Manage Your Application
Once your application is submitted, you can track its progress, modify details, or even cancel the bid if required. To do this, either click the user icon at the top right of the IPO page or go directly to your IPO Order Book.

About 5Paisa

5paisa is offering low-cost online financial services to retail customers in India.

5paisa is a discount broker, an online stock broker offering cheap flat brokerage to retail and institutional customers in India.

5paisa change flat Rs 20 per trade irrespective of the trading segment or size of the trade. This is extremely cheaper in comparison to a traditional full-service stockbroker who charges brokerage as a percentage of the trade value.