• While applying for IPO, in the application form, you need to provide your VPA (Virtual Payment Address) in the Payment option.

  • On successful placement of your bid, you will receive a collect request on your UPI Mobile app for your authentication.

  • On successful authentication, the Bid amount will be marked as blocked in your account by your bank (as per ASBA guidelines) and your bid will be registered with the exchange. 

  • On allotment of shares, the amount will be debited from your account else the amount will be released.

Note - Under the ASBA process, the amount is not debited from your bank account until successful allotment. Until such allotment, the amount will remain blocked in your bank account.