Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

What is an IPO UPI mandate?

An IPO UPI mandate is a request sent to the investor’s UPI app to block the application amount in the bank account until IPO allotment is finalised. The amount remains blocked but not debited. It is debited only if shares are allotted otherwise, the block is automatically released.