How to Apply for an IPO Online in India – Step-by-Step Guide (2025)

How to Apply for an IPO Online in India – Step-by-Step Guide (2025)

Investing in an Initial Public Offering (IPO) has become one of the most accessible ways for retail investors in India to enter the stock market. With the Securities and Exchange Board of India (SEBI) simplifying the process and technology enabling faster transactions, applying for an IPO online is now seamless and secure.

This comprehensive guide will walk you through how to apply for an IPO online in India, covering all major methods including UPI-based applications, ASBA through net banking, and stock broker platforms like Zerodha, Groww, and Upstox.

🧠 What is an IPO?

An Initial Public Offering (IPO) is when a private company offers its shares to the public for the first time by listing on a stock exchange. It allows companies to raise capital and gives investors a chance to be part of the company’s growth journey from the beginning.

🛠️ Requirements Before You Apply for an IPO

Before applying for any IPO online, ensure you have the following:

✅ A Demat account (mandatory)

✅ A Trading account (optional for some methods)

✅ A PAN card

✅ A Bank account with UPI enabled or Net Banking

✅ Sufficient funds in your bank account

💻 Methods to Apply for IPO Online in India

There are three popular ways to apply for an IPO online:

🧾 Step-by-Step Guide to Apply for IPO via UPI (Broker Platform)

This is the most common method used by retail investors.

Step 1: Login to Your Broker’s App or Website

Use platforms like Zerodha (Console), Groww, or Upstox.

Step 2: Go to the IPO Section

Look for “IPO” under the “Invest” or “More” tab.

Step 3: Select the IPO

You’ll see a list of open IPOs. Click on the IPO you wish to apply for.

Step 4: Enter Lot Size & Bid Price

Choose how many lots you want. Most brokers automatically select the cut-off price (recommended for beginners).

Step 5: Enter Your UPI ID

Make sure your UPI is linked to your bank account and is active.

Step 6: Approve the Mandate

You’ll receive a request in your UPI app (like Google Pay, PhonePe, Paytm). Approve it within the deadline.

Step 7: Wait for Allotment

The funds will be blocked until allotment. If allotted, the shares will be credited to your Demat account. Otherwise, the amount is unblocked.

🏦 How to Apply for an IPO via ASBA (Net Banking)

ASBA (Application Supported by Blocked Amount) is a SEBI-approved method that allows you to apply without transferring funds upfront.

Step 1: Log in to Net Banking

Go to your bank’s net banking (e.g., SBI, HDFC, ICICI, Axis).

Step 2: Go to “IPO” or “ASBA Services”

Each bank may label it differently (look for IPO/ASBA/Invest Online).

Step 3: Choose IPO & Fill Details

Select the IPO, enter PAN, Demat number (DP ID & Client ID), lot size, and price.

Step 4: Submit

The funds remain blocked until allotment. No interest is earned, but the money is not debited unless allotted.

✅ Pros of ASBA:

No need for UPI

Doesn’t require broker platform

Higher success rate for UHNIs and multiple accounts

🔗 SEBI Guidelines on ASBA

⚖️ UPI vs ASBA – Which is Better?

💡 Pro Tips for IPO Investors

✅ Always apply at the cut-off price to increase your chances of allotment.

✅ Check the GMP (Grey Market Premium) to gauge demand but don’t rely solely on it.

✅ Apply from multiple family accounts (with unique PANs) for better odds.

✅ Monitor the IPO allotment status on Registrar Websites like Link Intime.

📬 How to Check IPO Allotment Status

You can check allotment results using:

Registrar’s Website (e.g., Link Intime, KFinTech)

NSE/BSE Website

Your broker platform’s IPO section

🔐 Is Applying for IPO Online Safe?

Yes. IPO applications through SEBI-authorized platforms, banks, and brokers are secure. UPI mandates are time-bound, and funds are never debited unless shares are allotted.

🧭 Final Thoughts

Applying for an IPO online in India has never been easier. Whether you prefer using a stockbroker app with UPI or your bank’s ASBA net banking, both methods are safe and effective. By following this step-by-step guide, even first-time investors can confidently participate in upcoming IPOs in 2025.

✅ External High-DA Sources Used:

SEBI Official Website

NSE GoBID Portal

Zerodha IPO Guide

Groww Learn IPO