ALLOTMENT · 3 MIN READ
IPO application and UPI timeline
An IPO application is complete only after the required payment block or UPI mandate is successfully approved within the prescribed time.
Apply
Enter the correct PAN, demat details, quantity and price or cut-off selection through a supported intermediary.
Approve the mandate
For an eligible UPI application, verify the amount and approve the mandate before the deadline. The money is blocked, not immediately transferred.
Avoid duplicates
Multiple applications using the same PAN can be rejected under the issue rules. Use one accurate application unless a permitted structure says otherwise.
Wait for allotment
After closure, the registrar validates bids and finalizes the basis of allotment with the designated exchange.
Debit, unblock and credit
The allotted amount is debited. Remaining funds are unblocked, and successful applicants receive shares in demat before listing, subject to the timetable.
Reviewed for clarity · 2026-11-03