Upstox users can now pre-apply and apply for IPOs via WhatsApp. This is a first-of-its kind industry feature and here is a step-by-step guide on how to use it:
Step 1: Say ‘Hi’ on this WhatsApp number +91 93212 61102 exclusively for IPO applications and click ‘IPO’
Step 2: Confirm your number by selecting ‘Yes, proceed’ or if you wish to change your number click ‘No, change no.’
Step 3: Now verify by entering the 6-digit OTP sent to your number
Step 4: We will now send details of the latest IPOs. Select the IPO which you want to pre-apply/apply to from the list
Step 5: Now, to proceed, select ‘Apply now’ and if you wish to see other IPOs select ‘View other IPO’
Step 6: You’ll now be asked to enter the price at which you want to place your bid. We recommend bidding at the cut-off price as any bids lower than the cut-off price are unlikely to get an allotment if the IPO is oversubscribed
Step 7: Now select how many lots you want to apply for between 1-9 from the list. Incase if you wish to select more than 9 lots click on 'more' and mention the maximum lots from the given range.
Step 8: You will now get to see a summary of your bid details. To move ahead, select ‘Proceed’ or if you wish to change something select ‘Change bid’
Step 9: Next, you will need to enter your UPI ID
Step 10: Select ‘Accept & proceed’ to submit your IPO application or ‘Decline’ if you change your mind and do not wish to apply for the IPO
Step 11: You can now check your application status from the WhatsApp chat anytime.
To watch the IPO process on Whatsapp, see the video below: