Yes, Getting Registered with InvestoYard & Applying IPOs is absolutely free.

Yes, you don’t need to have Demat Account with us, you can Apply with Any Demat Account. As we say “Demat Kahin Bhi... Apply Easily...”

Anybody who has a smart phone and Bank Account can Get BHIM or Other UPI ID. Provided your mobile number is registered with the bank and a debit card linked to that account.

First of all, Download & Install any of the UPI App., like BHIM / Google Pay / PayTM / PhonePe etc.

After installing and running the app for the first time:

• Select Language
• The app will ask permission to send SMS to verify
• A successful attempt will take you to the Home page
• If unsuccessful, after 45 seconds an OTP will be sent to you.
• After Successful OTP Verification, user will be prompted to dial USSD code
• Once National Payments Corporation of India (NPCI) recognizes your mobile number and handset, your registration is complete.

On successful registration, User’s UPI ID Will be Created. You can add one more Virtual Payment Address (VPA) by going to the profile section.

UPI as Part of Applying:

• Investor will fill in the bid details in the application form as per the existing process along with his UPI id i.e. use only his/her own bank account linked UPI ID with application
• As per the existing process, investor may submit the application with any of the intermediary (Syndicate Member / Registered Stock Brokers / Registrar and Transfer Agents / Depository Participants),who, on receipt of application will upload the bid details along with UPI id in the stock exchange bidding platform
• The stock exchange will electronically share the bid details along with investors UPI id, with the Escrow/Sponsor Bank appointed by the issuer company
• If unsuccessful, after 45 seconds an OTP will be sent to you.
• After Successful OTP Verification, user will be prompted to dial USSD code
• Once National Payments Corporation of India (NPCI) recognizes your mobile number and handset, your registration is complete.

UPI as part of blocking:

• The Escrow / Sponsor Bank will initiate a mandate request on the investor i.e. request the investor to authorize blocking of funds equivalent to applicant amount and subsequent debit of funds in case of allotment
• The request raised by the Escrow/Sponsor Bank, would be electronically received by the investor as SMS/intimation on his / her bank provided mobile no. linked to UPI ID
• Upon validation of block request by the investor, the said information would be electronically received by the investors’ bank, where the funds, equivalent to application amount, would get blocked in investors account. Intimation regarding confirmation of such block of funds in investors account would also be received by the investor

UPI as part of payment for shares post allocation process :

• The registrar to the issue, based on information of bidding and blocking received from stock exchange, would undertake reconciliation and prepare the basis of allotment
• Upon approval of such basis the instructions would be sent to sponsor bank to credit funds in the public issue escrow account and unblock the excess money in the investors account.
• Based on authorization given by investor using UPI at the time of blocking, the funds would be debited from investors account.

The bank account associated with the UPI ID is held with a bank whose name is appearing in the ‘List of SCSBs eligible to act as an Issuer Bank’ available on website of SEBI;

You are using a mobile application and UPI handle that supports use of UPI for IPOs. A list of such application and handles is appearing in the ‘List of SCSBs eligible to act as an Issuer Bank’ available on website of SEBI;

The total length of the UPI ID does not exceed 45 characters.

Generally it takes some time to get UPI Mandate for Blocking Funds, but still if you don’t receive the same, you can cancel the Application & re apply with fresh application.

Generally Allotment status is available on the Registrar & Transfer Agent’s website after Announcement of Basis of Allotment. You can find the Allotment Status Link from our website for all IPOs as and when its Announced.

Yes, you can apply for your family Members from your login, provided you have different UPI IDs for each family Members. You can’t use your UPI ID for Other Family Members as it becomes Third Party Transaction, which is not allowed.