How to Apply for SBI Funds Management Limited IPO on Dhan
Follow this verified step-by-step walkthrough to submit your application for the SBI Funds Management Limited public issue on Dhan (Dhan App) using UPI mandate.
Step-by-Step Application Walkthrough
- Open the Dhan app and tap on the 'Bids' tab.
- Select 'Live IPOs' and tap on SBI Funds Management Limited.
- Review the bidding window and tap 'Apply for IPO'.
- Choose 'Regular (Retail)' category and enter number of lots.
- Enter your UPI ID and submit your bid.
- Approve the auto-debit block in your UPI application.
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Frequently Asked Questions
Can I apply for SBI Funds Management Limited IPO using UPI on Dhan?
Yes, Dhan 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 Dhan. 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 Dhan?
Yes, you can modify or cancel your bid on Dhan 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 · Dhan Broker Review