We are happy to announce that starting from today retail investors can once again subscribe to initial public offerings (IPOs) online through Sharekhan. Sharekhan is able to offer the facility again, thanks to Unified Payment Interface (UPI), which is an alternative to the Application Supported by Block Amount (ASBA) mode of payment.

Customers can now place an order for an IPO from any of our online trading platforms and use the BHIM app (currently the only app supporting UPI, developed by the National Payments Corporation of India [NPCI]) to authorise blocking of the amount equivalent to the application amount.

Of course, in addition to the online application facility, customers have the option to apply for IPOs through a relationship manager or by filling a physical form and submitting it at our nearest branch.

Please advise customers to not share their personal credentials other than UPI ID, mobile number and transactions ID/RRNs at the time of applying for IPOs online. NPCI does not seek the personal credentials of a customer.

For all BHIM UPI related issues customers may write to NPCI at ipo.upi@npci.org.in.