How to Apply for SBI Funds Management Limited IPO on Upstox
Follow this verified step-by-step walkthrough to submit your application for the SBI Funds Management Limited public issue on Upstox (Upstox Pro) using UPI mandate.
Step-by-Step Application Walkthrough
- Log in to Upstox Pro on mobile or web.
- Navigate to 'Discover' and tap on 'IPO'.
- Select SBI Funds Management Limited and review the bid schedule.
- Click 'Apply', specify the number of lots, and ensure 'Cutoff Price' is selected.
- Enter your UPI handle and confirm the order details.
- Check your UPI app for the mandate notification and approve payment before cutoff time.
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Frequently Asked Questions
Can I apply for SBI Funds Management Limited IPO using UPI on Upstox?
Yes, Upstox 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 Upstox. 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 Upstox?
Yes, you can modify or cancel your bid on Upstox 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 · Upstox Broker Review