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 UPI in an IPO application?

UPI in an IPO allows investors to apply for IPOs by blocking funds in their bank account through a UPI app instead of transferring money upfront. Once you apply for an IPO through a broker, a UPI mandate request is sent to your UPI app for approval.