There are multiple ways to apply for an IPO. In case you are applying for an IPO on Groww, you will have to use your UPI ID to process the payment and application.
You can also use the ASBA (Applications Supported by Blocked Amount) facility on your net-banking mobile application to apply for IPOs.
If you are applying for an IPO using your UPI ID, there may be a slight chance that your UPI ID may not come up. For example, Paytm UPI is not in the permitted list, @icici is supported only on android.
National Payments Corporation of India (NPCI), an organisation for operating retail payments and settlement systems in India, has allowed 29 UPI handles as on October 21, 2024, that can support IPO payments.
Also Read: How to find IPO Mandate on UPI APPs
Here’s the list:
Sr. No. | UPI Apps live on IPO | Handle |
1 | BHIM Baroda Pay (only Android) |
@BARODAMPAY
|
2 | BHIM RBL Pay (Android & iOS) | @rbl |
3 | BHIM PayWiz ( Android ) | @idbi |
4 | BHIM (android & iOS) | @upi |
5 | BHIM AUPay (Android & iOS) | @aubank |
6 | BHIM Axis Pay (only android) | @axisbank |
7 | BHIM BANDHAN UPI (Android & iOS) | @bandhan |
8 | BHIM DLB UPI (Android & iOS) | @dlb |
9 | BHIM IndusPay (only Android) | @indus |
10 | BHIM KBL UPI (Android) | @kbl |
11 | BHIM Lotza UPI (only Android) | @federal |
12 | BHIM SBIPay (only android) | @sbi |
13 | BHIM UCO UPI (Android and iOS both) | @uco |
14 | DhanSmart (Android & iOS) | @dlb |
15 | DigiBank - DBS (Android & iOS) | @dbs |
16 | Freecharge (Android & iOS) | @freecharge |
17 | Google Pay (android & iOS) |
@okhdfcbank, @okaxis , @oksbi, @okicici
|
18 | Groww Pay (Android & iOS) | @yesg |
19 | HSBC Simply Pay (android & iOS) | @hsbc |
20 | IDBI Bank GO Mobile+ ( Android & iOS) | @idbi |
21 | iMobile by ICICI Bank (android users) | @icici |
22 | IndOASIS (Android and iOS both) |
@indianbank, @allbank
|
23 | Kotak Mobile Banking App (Android) | @kotak |
24 | MobiK wik ( Android & iOS) | @ikwik |
25 | Nxt – Union Bank of India ( iOS and Android ) |
@unionbankofindia, @uboi and @unionbank
|
26 | Paytm (Android & IOS) |
@ptaxis, @pthdfc, @ptyes, @ptsbi
|
27 | Phone-Pe (Android & iOS) |
@ybl, @axl, @ibl
|
28 | SIB Mirror+ (only Android) | @sib |
29 | YES Pay Next (android & iOS) | @yespay |
Source: NPCI, As on Oct 21, 2024 |
Companies | Type | Bidding Dates | |
Regular | Closes Today | ||
SME | Closes 30 Dec | ||
Regular | - | ||
Regular | - | ||
Regular | - |
As mentioned above, you can also apply for an IPO through the ASBA process available in the net banking section. Self Certified Syndicate Bank(s) or SCSB(s) are banks that offer the ASBA facility to apply for IPOs.
Here is a list of SCSBs:
Sr. No. | SCSBs eligible to act as Issuer Bank (Customer Bank) |
1 | Allahabad Bank |
2 | Andhra Bank |
3 | Axis Bank |
4 | Bandhan Bank |
5 | Bank of Baroda |
6 | Bank of India |
7 | Bank of Maharashtra |
8 | Canara Bank |
9 | Central Bank of India. |
10 | Citibank N.A |
11 | City Union Bank |
12 | Corporation Bank |
13 | DBS Bank India Limited |
14 | DCB Bank |
15 | Dhanlaxmi Bank Limited |
16 | GP Parsik Sahakari Bank Limited |
17 | HDFC Bank Ltd. |
18 | HSBC Bank |
19 | ICICI Bank |
20 | IDBI Bank Limited |
21 | IDFC FIRST Bank |
22 | Indian Bank |
23 | Indian Overseas Bank |
24 | Indusind Bank |
25 | Janata Sahakari Bank Ltd |
26 | Karnataka Bank Limited |
27 | Karur Vysya Bank Limited |
28 | Kotak Mahindra Bank |
29 | Nutan Nagarik Sahakari Bank Ltd. |
30 | Oriental Bank of Commerce |
31 | Punjab & Sind Bank |
32 | Punjab National Bank |
33 | Rajkot Nagarik Sahakari Bank Ltd. |
34 | RBL BANK |
35 | Saraswat Co-operative Bank Limited |
36 | South Indian Bank |
37 | Standard Chartered Bank |
38 | State Bank of India |
39 | SVC Co-operative Bank Limited |
40 | Syndicate Bank |
41 | Tamilnad Mercantile Bank |
42 | The Ahmedabad Mercantile Co-operative Bank Limited |
43 | The Catholic Syrian Bank Limited |
44 | The Federal Bank Limited |
45 | The Kalupur Commercial Co-operative Bank Ltd. |
46 | The Lakshmi Vilas Bank Limited |
47 | The Mehsana Urban Co-operative Bank Limited |
48 | The Surat People’s Co-op Bank Ltd. |
49 | TJSB Sahakari Bank Limited |
50 | UCO Bank |
51 | Union Bank of India |
52 | United Bank of India |
53 | Yes Bank |