Now all investors, whether they are registered with Upstox or not, can pre-apply/apply to any IPO from WhatsApp without moving out of the WhatsApp chat at any point during the application process.
Here is a step-by-step guide on how non-Upstox users can pre-apply/apply for IPOs via WhatsApp -
Step 1: Say ‘Hi’ on this WhatsApp number +91 9321261098 exclusively for IPO applications for non-Upstox users 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: You will now be asked to open a Demat account with us or apply without an Upstox Demat account.
To apply for the IPO without opening an Upstox account select ‘Apply for an IPO’.
Before proceeding with this option, remember that you need to have an existing Demat account with another broker because in case of a successful IPO allotment the shares will get credited to this Demat account.
Step 5: We will now send details of the latest IPOs. Select the IPO which you want to pre-apply/apply to from the list
Step 6: Now, to proceed, select ‘Apply now’ and if you wish to see other IPOs select ‘View other IPO’
Step 7: You will now be asked to enter your email address so we can send you application updates, reminders and notifications.
Step 8: And on entering your email address, you will be asked to enter your PAN details.
Step 9: After this you can review your email and PAN details. If they’re correct, click ‘Continue’ or if they’re incorrect click ‘Edit details’
Step 10: You’ll now be asked to select your Demat depository, select between CDSL or NDSL or click on ‘I don’t know this’ if you’re unsure.
Step 11: Next, enter your DP ID to proceed.
If you have selected CDSL, you only need to enter a 16-digit Demat account.
If you have selected NSDL, then you need to enter an 8-digit DP ID and an 8-digit Client ID.
Step 12: Review the DP ID and client ID. If they’re correct, click ‘All good! Continue’ or if they’re incorrect click ‘Edit NSDL/CDSL details’
Step 13: Now 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 14: Now select how many lots you want to apply for between 1-9 from the list. If you wish to select more than 9 lots click on 'more' and mention the maximum lots from the given range.
Step 15: 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 16: Next, you will need to enter your UPI ID
Step 17: 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 18: You can now check your application status from the WhatsApp chat anytime.