How to Apply for SBI Funds Management Limited IPO on Kotak Securities
Follow this verified step-by-step walkthrough to submit your application for the SBI Funds Management Limited public issue on Kotak Securities (Kotak Neo) using UPI mandate.
Step-by-Step Application Walkthrough
- Log in to the Kotak Neo mobile app.
- Tap on 'Invest' and choose 'IPO'.
- Select SBI Funds Management Limited and tap 'Apply'.
- Enter your UPI ID and lot quantity.
- Submit the bid and approve the mandate notification.
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Frequently Asked Questions
Can I apply for SBI Funds Management Limited IPO using UPI on Kotak Securities?
Yes, Kotak Securities 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 Kotak Securities. 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 Kotak Securities?
Yes, you can modify or cancel your bid on Kotak Securities 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 · Kotak Securities Broker Review