How to Apply for SBI Funds Management Limited IPO on Angel One
Follow this verified step-by-step walkthrough to submit your application for the SBI Funds Management Limited public issue on Angel One (Angel One App) using UPI mandate.
Step-by-Step Application Walkthrough
- Log in to the Angel One application.
- Go to the 'Discover' tab and tap 'IPO'.
- Locate SBI Funds Management Limited under the 'Open IPOs' tab and click 'Apply Now'.
- Enter your bid quantity (in multiples of lot size) and choose your investor category (Retail or HNI).
- Enter your virtual payment address (UPI ID).
- Accept terms and click 'Apply'. Authorize the mandate request in your UPI banking app.
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Frequently Asked Questions
Can I apply for SBI Funds Management Limited IPO using UPI on Angel One?
Yes, Angel One supports 100% digital IPO applications via NPCI UPI 2.0 mandate up to ₹5,00,000 per application.
What is the minimum investment for SBI Funds Management Limited IPO?
The minimum bid is 1 lot (25 shares) at the cutoff price of ₹574.00, requiring a blocked amount of approximately ₹14,350.00.
What happens if my UPI mandate for SBI Funds Management Limited is delayed?
UPI mandates are usually delivered within 15 to 45 minutes of submitting the bid on Angel One. If you do not receive the notification, open your UPI app and check the 'Pending Mandates / Autopay' section.
Can I cancel or modify my SBI Funds Management Limited IPO application on Angel One?
Yes, you can modify or cancel your bid on Angel One anytime before the official bidding window closes at 5:00 PM on the final issue date.
Also see: SBI Funds Management Limited IPO Details & Subscription · Check Allotment Status · Angel One Broker Review