ICICI Direct IPO 2026: IPO Application, Process, Charges & Features
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ICICI Direct IPO services allow eligible investors to apply for Initial Public Offerings (IPOs) through the ICICI Direct platform. An IPO enables a company to offer its shares to public investors for the first time and raise capital for its business. ICICI Direct provides a digital application process that allows eligible customers to view available public issues, review important IPO information, submit bids, and manage their applications through supported online facilities.
To apply for an IPO through ICICI Direct, investors generally need an active eligible account, a valid PAN, a linked bank account, and a supported UPI facility where applicable. Investors should also meet the eligibility requirements specified for the particular public issue. Before submitting an application, it is important to review the IPO's price band, lot size, minimum investment amount, opening and closing dates, company information, and other details available in the issue documents.
The ICICI Direct IPO Application process is designed to be completed digitally. Eligible investors can select the IPO they want to apply for, enter the required bid details, choose the number of lots or applicable quantity, and submit the application through the supported process. Where UPI-based applications are available, a payment mandate may be sent to the investor's registered UPI application. The investor must approve the mandate within the specified time for the application to remain valid.
After the IPO closes, the allotment process is carried out according to the applicable rules and investor category. If shares are allotted, they are credited electronically to the investor's Demat Account after the required processing. If an investor does not receive an allotment, the amount blocked for the application is released according to the applicable banking and IPO process. Investors should note that submitting an application does not guarantee that shares will be allotted.
ICICI Direct IPO Charges should also be understood before applying. Investors should review whether any applicable brokerage, transaction charges, taxes, or other fees apply to the IPO application or related transactions. Statutory requirements and charges can vary depending on the nature of the transaction and applicable regulations. Investors should check the latest information before submitting an IPO application.
Overall, ICICI Direct IPO provides eligible investors with a convenient digital route for participating in supported public issues. The online application process, Demat Account integration, and supported payment facilities can simplify IPO applications. However, investors should not apply solely because an IPO is popular or heavily subscribed. Reviewing the company's financial position, business model, risks, valuation, issue objectives, and offer documents can help investors make more informed decisions.
IPO investing with ICICI Direct
ICICI Direct customers can apply for mainboard IPOs online at no extra charge, using either the in-app UPI route or their bank's ASBA net-banking facility. You only pay brokerage and statutory charges when you later sell the allotted shares.
| Facility | Available |
|---|---|
| IPO application through the app/website | ✔ Yes |
Apply for an IPO using UPI (in-app)
Log in to the ICICI Direct app or website and open the IPO section.
Choose an open IPO and tap Apply.
Enter your UPI ID, investor type, quantity and price (tick the cut-off price for retail).
Submit the bid — a UPI mandate arrives in your UPI app within two hours.
Approve the mandate in your bank/BHIM app; the amount is blocked, not debited, until allotment.
Apply using ASBA net banking
Log in to your bank's net banking and open the IPO/ASBA section.
Select the IPO and enter your ICICI Direct demat account number (BO ID).
Enter investor type, quantity and price, then confirm — the amount is blocked until allotment.
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