INDmoney IPO Review (Apply Steps, UPI and Allotment Status)

INDmoney makes investing in IPOs easy with a simple, paperless platform. The following are the key benefits:

1. Zero Commission Fees: No commission fees when investing in IPOs through the platform.
2. Real-Time Updates: Get real-time details on listing dates, lot sizes, and price ranges to stay informed.
3. Track Upcoming & Ongoing IPOs: Easily monitor upcoming and live IPOs to make informed decisions.
4. Centralized Investment Dashboard: Manage and track all IPO investments from a single dashboard for convenience.
5. Apply Through UPI: Apply for IPOs up to Rs 5 lakhs via UPI, without any complex banking steps.

INDmoney IPO Dashboard

The Company, through the INDstocks or INDmoney platform, offers services for IPO applications and provides details about upcoming IPOs. The INDstocks or INDmoney platform through which the Company offers these services will serve solely as an order collection platform.

You can explore live, upcoming, and closed IPOs under the "Explore IPOs" section and track your orders in the "Orders" section within the IPO centre on the INDmoney platform.

INDmoney currently does not support investing in SME IPOs, but "SME IPO INDmoney" will be available soon.

Steps to apply for an IPO through the INDmoney Application

Follow the below steps for applying for an IPO through INDmoney:

1. Download the INDmoney app and create a free* INDmoney account by entering your KYC details
2. Go to the INDstocks section on the dashboard or type 'IPO' in the search bar
3. Under the 'Explore IPOs' section, you will find the 'Live IPOs' tab
4. Browse the list and click on your preferred selection to find out the key IPO details, such as the minimum investment amount, opening and closing date, and lot size.
5. Select the number of lots (the minimum amount you can apply for) and apply.
6. Place your order through UPI. The funds for your IPO application will be blocked in your bank account until the shares are allotted to you.

Check IPO Allotment Status on INDmoney

Follow the below steps to check the allotment status

1. Go to the INDstocks platform and select the Orders tab.
2. Click on the specific IPO you applied for.
3. A status page will open showing the latest update on your IPO.
4. If you have been allotted shares, the status screen will reflect this update.

INDmoney IPO Charges

INDmoney charges no commission fees when you apply for IPOs, making investing a cost-effective way.

Note: If your INDstocks account is deactivated, IPO orders will be cancelled and can only be placed upon account resumption. Users are responsible for all taxes, fees, and penalties, including those due to insufficient funds. INDmoney is not liable for IPO order rejections, execution issues, or any losses, including opportunity losses. All IPO orders are subject to exchange rules, and users should independently verify information as INDmoney does not guarantee its accuracy.

INDmoney IPO Apps

INDmoney offers two trading applications that make it easy for investors to apply for IPOs:

• INDMoney - Demat, Stock, SIP
• INDstocks - F&O & Trading App

Apply for IPOs and manage your investments seamlessly through this all-in-one app.