Share.Market IPO Review (Apply Steps, UPI and Allotment Status)

Share.Market offers a seamless, paperless IPO application process for its users. Customers can apply for IPOs quickly via UPI (Unified Payment Interface) using the Share.Market mobile app or its web platform.

Share.Market is an innovative investment and trading platform launched by PhonePe Wealth Broking Pvt. Ltd, a subsidiary of PhonePe Pvt Ltd. in 2023. It allows users to invest and trade in a variety of assets including stocks, ETFs, F&O, WealthBaskets and more.

The key features of an IPO investment with Share.Market include:

• Invest in Mainboard and SME IPOs.
• Easy IPO application and status tracking.
• Detailed information on new listings is available directly in the app.
• Live monitoring of the subscription status and tracking of the share price after the IPO.
• Timely notifications about upcoming Initial Public Offerings (IPO),
• Access comprehensive information on new stock market listings directly in the Share.Market app.

Steps to apply for an IPO through Share.Market

Share.Market provides a straightforward and user-friendly way to apply for IPOs online through their mobile app, utilizing UPI for payments.

To apply for an IPO,

1. Log in to the Share.Market app or website.
2. Tap IPO on your home screen and select the company and category you want to invest in.
3. Select and add all relevant details for your IPO application - lot size, investor category, and price (retail investors may apply at the cut-off price).
4. Click on Place Bid.
5. Enter the UPI ID and submit the form.
6. Investors will receive a payment approval request in the UPI App. (It may take some time for you to receive your mandate once you’ve completed the process).
7. Investors must approve the UPI mandate request and approve the mandate through the selected UPI app.

Check the status of your IPO application with Share.Market

Login to your Share.Market trading account > Tap Portfolio > Orders > IPO and select the relevant IPO application. You can also see the status of your application under Order Timeline.

Note: For a successful IPO bid, you must accept the UPI payment request before 5:00 pm on the closing date of the IPO. It may take some time to receive the mandate request in your bank/ UPI app.

The maximum amount that can be invested in the IPO through UPI is Rs 5 lakh. If you exceed this amount, you can bid for an IPO through Netbanking. Click here to check the ASBA IPO process.

Share.Market IPO Charges

Share.Market offers its customers free online IPO application services. There are no charges for applying for an IPO via the Share.Market app or website.

Check Share.Market IPO Allotment Status

Share.Market will update the IPO allotment status on its website one working day prior to IPO listing day on the best effort basis. You can check the allotment status of your IPO application in the orders section on Share.Market website.

Once the allotment process is completed, you will receive an e-mail and SMS to your registered email ID and mobile number to inform you about the allotment status.

In case of successful allotment in an IPO, the bid amount blocked by the bank will be debited and you will receive the allotted shares in your demat account. If you do not receive the allotment, the bank will initiate the refund process for the bid amount blocked by the bank.

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