Upstox IPO 2026: How to Apply, Features, Charges & Benefits
Modern discount broker offering fast trading platforms, flat brokerage and investment products for traders and investors.
Applying for an Initial Public Offering (IPO) has become much easier with online investment platforms, and Upstox offers a simple and convenient way for investors to participate in upcoming public issues. Through the Upstox Trading and Demat Account, eligible investors can apply for IPOs digitally without visiting a bank or submitting physical application forms. The platform supports the ASBA (Application Supported by Blocked Amount) process through UPI, making IPO investments faster and more secure.
To apply for an IPO using Upstox, investors must have an active Trading and Demat Account along with a UPI ID linked to their bank account. Once an IPO opens for subscription, users can view the issue details on the Upstox platform, select the investor category, enter the number of lots they wish to apply for, and submit the application. After the application is submitted, a UPI mandate request is sent to the registered UPI application, where investors must approve the payment request before the subscription deadline.
One of the key advantages of applying for IPOs through Upstox is the completely digital process. Investors can track upcoming IPOs, ongoing issues, application status, allotment updates, and listing information from a single platform. The intuitive interface makes it easy for first-time investors to understand the application process while also providing a convenient experience for experienced market participants.
Upstox does not issue IPO allotments itself. Share allotment is carried out by the registrar appointed for the respective public issue based on the applicable regulations and demand for the IPO. If shares are allotted, they are credited to the investor's Demat account before the listing date. In case of non-allotment or partial allotment, the blocked amount is released by the bank according to the ASBA process.
Before investing in any IPO, investors should carefully read the company's Red Herring Prospectus (RHP), understand the business model, financial performance, risk factors, and valuation. Applying for an IPO should be based on thorough research rather than market speculation. Investors should also ensure that the UPI mandate is approved within the prescribed timeline, as failure to authorize the payment request may result in the application being rejected.
Overall, Upstox provides a secure and user-friendly platform for IPO investing. The online application process, seamless UPI integration, and easy access to IPO-related information make it a convenient choice for investors looking to participate in public offerings. Reviewing the IPO details and understanding the associated risks before applying can help investors make more informed investment decisions.
IPO investing with Upstox
Upstox 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 Upstox 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 Upstox demat account number (BO ID).
Enter investor type, quantity and price, then confirm — the amount is blocked until allotment.
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