How to Apply for MV Electrosystems Limited IPO on ICICI Direct
Follow this verified step-by-step walkthrough to submit your application for the MV Electrosystems Limited public issue on ICICI Direct (ICICI Direct Web & Neo) using UPI mandate.
Step-by-Step Application Walkthrough
- Log in to your ICICI Direct account.
- Go to 'IPO' in the top navigation bar.
- Select MV Electrosystems Limited from the list of open issues.
- Choose between ASBA (direct hold on 3-in-1 ICICI Bank savings account) or UPI mandate.
- Select Cutoff price and place your order.
- If using ASBA, funds are blocked immediately; if UPI, authorize the mandate in your UPI app.
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Frequently Asked Questions
Can I apply for MV Electrosystems Limited IPO using UPI on ICICI Direct?
Yes, ICICI Direct supports 100% digital IPO applications via NPCI UPI 2.0 mandate up to ₹5,00,000 per application.
What is the minimum investment for MV Electrosystems Limited IPO?
The minimum bid is 1 lot (34 shares) at the cutoff price of ₹425.00, requiring a blocked amount of approximately ₹14,450.00.
What happens if my UPI mandate for MV Electrosystems Limited is delayed?
UPI mandates are usually delivered within 15 to 45 minutes of submitting the bid on ICICI Direct. If you do not receive the notification, open your UPI app and check the 'Pending Mandates / Autopay' section.
Can I cancel or modify my MV Electrosystems Limited IPO application on ICICI Direct?
Yes, you can modify or cancel your bid on ICICI Direct anytime before the official bidding window closes at 5:00 PM on the final issue date.
Also see: MV Electrosystems Limited IPO Details & Subscription · Check Allotment Status · ICICI Direct Broker Review