How to Pre-Apply for an IPO on Angel One?

• Pre-apply option helps you apply for an IPO two days prior to the bidding window officially opening (subject to required approvals from the exchange). 

• Pre-apply helps you in finishing up important procedures to escape the last-minute rush and the probability of missing out on the application window. 

• No money is debited when you pre-apply. Once the IPO opens, you get a UPI mandate request, and funds are blocked only after you approve it. 

• You can still modify or cancel your bid once the IPO is officially open, though changing the lot size or price means accepting a fresh UPI mandate. 

• Pre-applying for an IPO on Angel One is simple. Just log in, select the IPO, enter your lot size and UPI ID, and your application is queued to be submitted the moment bidding opens. 

Step 1: Login to Your Angel One App. Open the Angel One app and log in with your credentials. 

Step 2: Locate the IPO Section. Navigate to the 'IPO' section on the platform. 

Step 3: Select IPO. Find and select the company’s IPO from the list of open IPOs.

Step 4: Enter the Lot Size. Specify the number of lots you want to bid for. 

Step 5: Submit Your UPI ID. Enter your UPI ID to link your payment method and submit your application. 

Step 6: Click on Apply or Pre-Apply: Your application will be successfully saved and queued by Angel One to be processed at the moment the IPO officially opens. Note: Payment approval happens when an IPO is live. In case of pre-apply, the bid will only be received when the IPO is open for subscription.  

When can You Pre-Apply for an IPO on Angel One? 

1. The option to pre-apply for an IPO on Angel One is available 2 days before the opening date, subject to the availability of details and parameters from the exchange. 

   For example, if the IPO is opening for public subscription on 13th March, then you can pre-apply on 11th March based on details received from exchange. 

   Why Should You Pre-Apply for an IPO? 

   Pre-applying for an IPO offers several benefits such as: 

   • Convenience: Once you are done researching and want to pre-apply for an IPO, you can select your lot size and bid prices ahead of time. 

   • Avoiding last minute rush: By pre-applying, you can skip the queue, as you finish all your important procedures and your bid is submitted automatically when the IPO opens. 

   • Guaranteed Submission: Between busy schedules and application deadlines, pre-applying for an IPO ensures you never miss an application deadline. All your details are queued and ready to be submitted once the bidding window opens; all you need to do is update your UPI mandate.   

   For popular issues such as the NSE IPO, pre-applying can help investors complete the necessary application details ahead of the bidding window. 

   Note: Pre-applying for an IPO doesn't guarantee allotment, it only allows you to skip the queue and apply for one.  

   Mandatory Actions for When an IPO is Live 

   Pre-applying an IPO is not the last step, it helps you submit your application in advance. Here’s what you need to do next.  

   • UPI Mandate approval: On the opening day of an IPO that you have pre-applied to, you will receive a mandate notification on your UPI app such as GooglePay, PhonePe, BHIM etc. 

   • Fund blocking: Once you accept the mandate, the amount you have placed your bid for is blocked. The money stays in your account earning interest till the date the basis of allotment is finalised.  

   Also Know about: How to Apply For an IPO? 

   Conclusion 

   Pre-applying for an IPO on Angel One is a simple way to stay ahead of the opening-day rush. By completing your application a day in advance, you avoid server delays, last-minute errors, and the risk of missing the bidding window altogether.