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Welcome to the Wealthy IPO Application Guide!

Wealthy's app allows you to easily apply for IPOs through the UPI ASBA process. To check the list of supported UPI apps, visit this link. You can also find information about sponsor banks and customer banks that support UPI on the same page.

To stay updated on upcoming and active IPOs, visit the following links:

  1. NSE IPOs
  2. BSE IPOs

IPO Application Steps:​

  1. Stay Informed: When an IPO opens for bidding, you can either place a bid or cancel it before the bidding window closes.

  2. Block Funds: If your bid is accepted and you approve the UPI mandate, the necessary funds will be blocked in your account.

  3. Final Price Determination: After the bidding window closes, the final issue price is determined based on the received bids.

  4. Allotment or Release: If you receive an IPO allotment, the money is deducted from your account. If not, the blocked funds are released.

  5. Start Trading: Once the IPO is listed on the stock exchange, you can start trading!

How to Apply for an IPO:​

  1. Visit the Homepage: Start by going to the IPO application platform's homepage.

  2. Find the IPO Banner: Look for the prominent IPO banner.

  3. Explore Open IPOs: Review the list of open IPOs.

  4. Select an IPO: Click "Apply" for your chosen IPO.

  5. View IPO Details: Click on the IPO card for more information.

  6. Place a Bid: By default, one lot is selected at the cutoff price. Adjust quantity and price as needed.

  7. Transaction Limit: Remember the INR 2 lakh limit per UPI transaction.

  8. Multiple Bids: You can add up to 3 bids.

  9. Continue: Click "Continue" to move forward.

  10. Add UPI Handle: Enter your supported UPI handle. Note the bank account of the UPI handle shoudl belong to the customer applying teh IPO

  11. Accept Undertaking: Check the undertaking box and swipe to proceed.

  12. Place Your Order: Review and confirm your order.

  13. Check Order Status: Monitor your order in the "Orders" section under IPO.

  14. Accept UPI Mandate: Accept the UPI mandate to complete the transaction.

Before submitting your IPO application, double-check your details. If you have questions or encounter issues, don't hesitate to contact our customer support. Happy investing!

How to Cancel an IPO Application:​

If you need to cancel your IPO application, follow these steps:

  1. Go to the "Orders" section and select the IPO tab.

  2. Find the application you want to cancel and click the "Cancel" button.

  3. Confirm the cancellation.

  4. Check the confirmation page for success or failure.

  5. Monitor the order status in your order book.

Please note that you can only cancel your application before the bidding window closes, which is from 10:00 AM to 5:00 PM.