Users of Upstox can now apply for IPOs and pre-apply for them through WhatsApp. This is a first-of-its-kind tool in the industry, and here’s how to use it:
Step 1: Say “Hi” on WhatsApp number +91 9321261098 and click “IPO.” This number is only for IPO applications.
Step 2: Confirm your number by clicking “Yes, continue” or “No, change no.” if you want to change it.
Step 3: Enter the 6-digit OTP that was sent to your phone number to confirm.
Step 4: We’ll now send you information about the most recent IPOs. From the list, choose the IPO for which you want to pre-apply or apply.
Step 5: To move forward, click “Apply now,” and click “View other IPO” if you want to look at other IPOs.
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Step 6: You will now be asked to put in the price you want to bid at. We suggest bidding at the cut-off price because if the IPO is oversubscribed, bids lower than the cut-off price are unlikely to get an allotment.
Step 7: Now, choose from the list how many lots you want to apply for, from 1 to 9. If you want to choose more than 9 lots, click “more” and tell us how many you want from the list.
Step 8: You will now see a summary of the information of your bid. To move forward, click “Proceed,” and if you want to make a change, click “Change bid.”
Step 9: Now you have to put in your UPI ID.
Step 10: Choose “Accept and proceed” to send in your IPO application or “Decline” if you change your mind and don’t want to apply for the IPO.
Step 11: You can now check the progress of your application at any time in your WhatsApp chat.
See the video below to see how Whatsapp went public: