1. Process of Approving the mandate: Once your bid is successfully placed, you will receive an email confirmation. Please note that your application will not be complete until you accept the mandate on your UPI app. You can do this by clicking on the link in the SMS from NPCI or tapping on the notification from your UPI app. 

As per the Exchange notice, the mandate acceptance time shall expire by 5 pm on the closing day of the IPO.

Refer to the below link for more information:

Click on status to check your application status and on the same screen you will see a UPI Mandate payment pending message.

2. Application status: Once you apply for an IPO, you need to check the application status under 'Status' to know whether your application is sent to exchange or not and also to understand whether the UPI mandate is accepted or not.

Click here for more information.

3. Mandate not received: 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. 

Click here for more information.

4. Allotment status: On the third day after bidding for an IPO, the allotment of shares takes place. This process is also termed as the allotment date. You can check your allotment status after 7 working days from the issue closing date.

Click here for more information.

5. Intimation of Refund: Your bank is supposed to release the IPO blocked amount automatically on or before the mandate expiry date if you haven't got the IPO allotment. If the amount has not been released by your bank, you can raise the issue at [email protected].

Click here for more information.

Note: The bank account used to block IPO funds will be the one where the mandate refund amount (if applicable) will be reflected. Hence, ensure to check only this bank account for the mandate refund amount.

6. Demat Transfer: The most important day is when your demat account is credited with the shares. You are also notified about the crediting of these shares. In case the shares do not get credited to your demat account, the money you bid for IPO is returned to your bank account. 

7. Listing: Date at which the IPO shares are listed on stock exchanges and are available for trading purposes. Once the scrip/stock is listed by the Exchange then it will reflect on the Upstox app/ Trading portal. Click here for more information.