How to apply for IPOs using a mobile app

An Initial Public Offering (IPO) gives investors an opportunity to buy shares at the issue price before a company is listed on the stock exchange. This early entry can lead to substantial returns if the stock performs well. IPOs' popularity in India can be gauged by the fact that the market raised $4.6 billion in just the first half of 2025.

With mobile apps, you can now apply for IPOs effortlessly and take advantage of the wide range of opportunities available. Let’s go through the steps to get started.

Choose a reliable app first

A reliable mobile app simplifies every stage of the IPO process. It allows you to view current IPOs and upcoming IPO schedules in one place. You can compare offers based on crucial financial indicators such as revenue growth, profitability, and valuation ratios to make better decisions. 

With advanced in-app tools, you can easily track sector trends, check grey market premiums, and study subscription data for retail, institutional, and High-Net-Worth Individual (HNI) categories. These insights enable you to gauge market sentiment before placing your bids. Real-time notifications keep you informed about important dates, such as IPO openings, bidding deadlines, allocation announcements, and listing updates.  

Beyond IPOs, the right mobile app also offers useful stock market analysis features to identify trends and act strategically.

Your step-by-step guide to applying for an IPO

The process to apply for an IPO via a mobile app is remarkably user-friendly and follows these general steps:  

• Log in to the mobile app: On the app's home screen or main menu, find the "IPO" or "Invest in IPOs" section.  
• Select your desired IPO: Browse the list and click on the IPO that interests you. The IPO app will display critical details like the issue date, price band, and lot size. A lot size is the minimum number of shares you can bid for.
• Enter your bid details: Click on the "Apply" button and enter your lot size and bid price.  
• Enter your UPI ID: Provide your UPI ID, after which you will get a mandate request.
• Approve the UPI mandate: Open your UPI app and approve the payment mandate. Your bank blocks the required amount until allotment. 

Note: You can place up to three bids for one IPO. Each bid must be within the price range and in multiples of the lot size. Also, the mandate must be accepted before 5 PM on the IPO’s closing date. Failure to do so could result in rejection.

If you get an allotment, the blocked amount is deducted from your bank account, and the shares are credited to your demat account on the listing day. If you do not receive an allotment, the blocked funds are released back to your bank account.

Closing note

Mobile IPO apps save time, minimise paperwork and allow quick participation in market opportunities. Plus, with the right app offering powerful tools, smart notifications, and research features, you can analyse IPOs more effectively and make calculated decisions. 

You can choose MO Riise to enjoy a simplified, efficient, and informed IPO journey. Backed by Motilal Oswal, a SEBI-registered public entity, MO Riise is trusted by over 40 lakh investors and traders. MO Riise offers everything you require for smart IPO investing. You can track live, upcoming, closed and listed IPOs, download RHPs and research reports in one tap, and even pre-apply. You also benefit from real-time subscription updates, an informative FAQ section, and 24/7 assistance. 

Begin your IPO journey with MO Riise today!