How to Find UPI Mandate for IPO?

The IPO (Initial Public Offering) application using UPI requires approval of the IPO mandate to complete your application. The IPO UPI mandate allows your bank to block the required funds until allotment. Without approving this mandate, your IPO application becomes invalid. Investors can find and approve the mandate on different UPI apps such as Google Pay, PhonePe, and BHIM. This article explains the process of the UPI mandate for the IPO.

Steps to Approve Your IPO Mandate on Google Pay

The process of Google Pay IPO mandates is as follows:

Step 1. Open Google Pay and go to the Profile or Settings section.

Step 2. Check the One-time Mandate or Autopay option under UPI settings. Pending IPO mandates appear here.

Step 3. Open the IPO mandate, review the details such as amount, IPO name, and broker UPI ID, and select Accept.

Step 4. Enter your UPI PIN to approve the mandate and wait for the confirmation message.

Note: If the mandate does not appear in Autopay, check out your Notifications, as some mandate alerts show up there.

Steps to Approve Your IPO Mandate on PhonePe

The process of the IPO mandate on PhonePe is as follows:

Step 1. Open PhonePe and check if there is a pop-up notification for the IPO mandate. If you cannot see it, tap the Notifications bell icon.

Step 2. Go to Autopay or Pending Request to find the IPO mandate.

Step 3. Review the IPO name, blocked amount, and other details, then click Approve.

Step 4. Enter your UPI PIN to complete the process. Approved mandates appear under Completed or Active Autopay.

Note: Maintain a stable internet connection so that mandate alerts are received on time.

Steps to Approve Your IPO Mandate on BHIM

The process of IPO mandate on BHIM is as follows:

Step 1. Open the BHIM app and sign in using a UPI PIN or biometric authentication.

Step 2. Select Mandates or UPI Autopay on the homepage to view pending IPO mandates.

Step 3. Review the mandate details, including the IPO name, amount, UPI ID, and validity period.

Step 4. Select Approve, enter the UPI PIN, and confirm. The mandate status changes to Active once approved.

Note: If you do not see the mandate, please wait up to 24 hours before reaching out to support. Please make sure your app is updated and that your bank account has sufficient funds

Important Things to Follow for IPO UPI Mandate Approval

The following are important things you should follow regarding IPO UPI mandate approval.

• Approve the mandate on the same day of application, or the IPO may get rejected.
• Use legitimate UPI applications; some relatively unknown applications delay the processing of mandates.
• Regularly check push notifications so that mandate alerts are not missed.
• Avoid last-minute applications because such late mandates are likely to face rejection.
• Approve the mandate before 5 PM on the day the IPO closes to ensure its validity.
• Keep a sufficient balance in your account that is equal to the mandated amount.
• Double-check your UPI ID and PIN for no mistakes. In case of a failure of the mandate, cancel the application and apply again
• Be patient, as some mandates may take a few hours to appear.
• Keep your UPI app and trading app updated to prevent technical issues.
• Ensure that the UPI ID entered in the IPO application is correct.
• Check out all mandate-related tabs, such as Notifications, Autopay, and Mandates.
• Apply during working hours to avoid delays caused by UPI downtime.

Common Issues Associated with IPO Mandate

The following are some of the most common issues associated with IPO mandates:

Mandate Not Showing: Check all the relevant sections of the app and ensure that the UPI ID used in the application is the same one you are checking.

Mandate Failure: This occurs due to insufficient funds, an incorrect UPI PIN, or invalid mandate details. Verify your balance and PIN before reapplying.

Delayed Mandate Notification: Network issues or National Payments Corporation of India (NPCI) delays may slow down updates. Check notifications regularly.

Delayed Unblocking of Funds: After allotment, unblocking may take 7–10 days as per the regulatory timelines.

Technical Glitches: If mandates don't appear even after 24 hours, consider cancelling and reapplying.

Conclusion

Understanding how to find and approve a UPI mandate helps ensure a smooth IPO application. This process can be done through various apps such as Google Pay, PhonePe, or BHIM easily. Ensure you follow the right steps, enter the correct UPI details, and approve the mandate within the valid time.  Additionally, you can use a trading app to track your IPO application.