Announcements

To further encourage retail participation in IPO opportunities, SEBI has recently revised the transaction limit for IPO applications done via UPI.

Currently, you can invest upto Rs.2L in an IPO under the Retail category using UPI. However, starting from 01-May-22, for all forthcoming IPOs, individual investors can use UPI to invest upto Rs.5L in the offer.

This revision is valid for all individual investors applying in public issues of equity shares and convertibles (bonds & debentures).

Also, there is no change in the investment category for public offers. This means that all investments upto Rs.2L is considered as Retail Category, while investments above Rs.2L is considered Non-Retail Category.

Refer Circular