In general, the mandate SMS or notification is triggered within a few minutes of the bid being placed. However, at times, there may be a delay due to technical issues at NPCI. Here's a representation of IPO application flow:
If you have not received an SMS or notification for amount-blocking even after six hours of placing your bid, you may have to apply again.
Note: As per the Exchange notice, the cut off time for UPI mandate acceptance is 5 PM on closing/last day of an IPO.
To do this, login to Upstox, delete your application, and reapply. This will trigger the amount-blocking-related SMS/notification on your UPI app.
Ensure to check the following before re-submitting your bid:
- Did you enter the correct UPI ID?
- Is your UPI app updated to the latest available version?
- Do your UPI app and bank support IPO bids? - Check here .
- Have you received the mandate request on your UPI app but didn't get a notification? Click here