An Initial Public Offering (IPO) is the process by which a private company offers its shares to the public for the first time. Through IPOs, investors can subscribe to shares and become part owners of the company.
How to Apply for an IPO
Log in to the Rupeezy app.
Go to the IPO Section from the home screen.
Browse the list of live and upcoming IPOs.
Select the IPO you wish to apply for.
Enter the following details:
Investor category (Retail / HNI / Employee)
Number of lots
Price (cut-off price or custom bid)
UPI ID for payment authorization
Review and confirm your application.
Approve the mandate in your UPI app.
Your IPO application will be successfully placed after mandate approval.
How to Modify an IPO Application
Navigate to the IPO Applied section.
Select the IPO application you want to modify.
Update the lot size, bid price as required.
Resubmit the application and approve the new UPI mandate.
Note: Modification is allowed only within the IPO bidding window.
How to Cancel an IPO Application
Go to the IPO Applied section.
Select the IPO you want to cancel.
Tap on Cancel Application.
Confirm the cancellation.
The cancellation request will be processed, and the UPI mandate will be automatically revoked.
Subscription-Based Trigger
A Subscription-Based Trigger in IPO means you don’t need to apply manually at the last moment. You set your trigger based on the retail subscription value, which the system monitors for you, and once that trigger is reached, your IPO application is placed automatically.
If the trigger is reached → ✅ Your application is placed automatically.
If the trigger is not reached → ❌ The application is not placed.
This way, you don’t miss the IPO and don’t have to constantly check the subscription status.
Important Points to Remember
Ensure your UPI ID is active and linked to a valid bank account.
Always approve the UPI mandate for the application to be successful.
Refunds for unallotted shares will be credited back to your bank account.