How to Apply For IPO in Upstox? Step by Step Process, Charges

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Upstox

About Upstox

Upstox is a tech-first minimal expense broking firm in India providing trading openings at great prices. The company provides trading on various sections like equities, commodities, currency, futures, choices which are accessible on its Upstox Pro Web and Upstox Pro Mobile trading platforms.

Upstox is supported by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix.

Upstox trading platform offers trading, analysis, outlining, and a lot more rich trading features. This platform makes it simple to put orders through mobile telephones and web browsers. Upstox trading platform is based on Omnisys NEST OMS (Order Management System) and Omnisys NEST RMS (Risk Management System).

Trading in Equity F&O, Equity Indra-day, Commodities, and Currency Derivatives is accessible through Upstox Pro. Upstox Pro is the paid help of Upstox for traders.

Upstox Charges 2021

  • Upstox Account Opening Charges: Rs 249
  • Upstox Demat AMC: Rs 0 (Free)

Upstox Equity Delivery & Intraday Charges

Upstox equity delivery brokerage is Rs 20 or 0.1% whichever is lower per order. Upstox equity intraday brokerage is Rs 20 per executed order or 0.05% (whichever is lower).

Upstox Charges Equity Delivery Equity Intraday
Brokerage Rs 20 per executed order or 2.5% (whichever is lower) Rs 20 per executed order or 0.05% (whichever is lower)
STT 0.1% on both Buy and Sell 0.025% on the Sell Side
Transaction Charges Rs 325/crore Rs 325/crore
Demat Transaction Charges Rs 18.5 per scrip (only on sell) Rs 0
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Duty 0.015% (Rs 1500 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side

 

Upstox Equity F&O Charges

Upstox Equity F&O brokerage is Rs 20 per executed order or 0.05% (whichever is lower).

Upstox Charges Equity Futures Equity Options
Brokerage Rs 20 per executed order or 0.05% (whichever is lower) Flat Rs 20 per executed order.
STT 0.1% (on Sell Side) 0.1% (on Sell Side)
Transaction Charges Rs 210/crore Rs 5500/crore on premium turnover
Demat Transaction Charges Rs 0 Rs 0
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Duty 0.002% (Rs 200 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side

 

Upstox Currency Charges

Upstox Currency brokerage is Rs 20 per executed order or 0.05% (whichever is lower).

Upstox Charges Currency Futures Currency Options
Brokerage Rs 20 per executed order or 0.05% (whichever is lower) Flat Rs 20 per executed order.
STT No STT No STT
Transaction Charges NSE: 0.00013% | BSE: 0.00062% NSE: 0.065% | BSE: 0.026% (on premium)
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Duty 0.0001% (Rs 10 per crore) on buy-side 0.0001% (Rs 10 per crore) on buy-side

 

Upstox Commodity Charges

Upstox Commodity brokerage is Rs 20 per executed order or 0.05% (whichever is lower).

Upstox Charges Commodity Futures Commodity Options
Brokerage Rs 20 per executed order or 0.05% (whichever is lower) Flat Rs 20 per executed order.
STT 0.01% on sell trade (Non-Agri) 0.05% on sell trade
Transaction Charges 0.0031% 0.002%
GST 18% (on Brokerage + Transaction Charges) 18% (on Brokerage + Transaction Charges)
SEBI Charges 0.0001% (Rs 10/Crore) 0.0001% (Rs 10/Crore)
Stamp Duty 0.002% (Rs 200 per crore) on buy-side 0.003% (Rs 300 per crore) on buy-side

 

Upstox Charge Explained:

STT: This is charged uniquely on the sell side for intraday and F&O trades. It is charged on the two sides for Delivery trades in Equity.

Stamp Duty: Charges dependent on the express the client is situated in.

Goods and Services Tax (GST): This is charged at 18% of the absolute expense of brokerage in addition to transaction charges.

SEBI Turnover Fees: This is charged at Rs 10 for each Crore.

Different Charges (Upstox Broker Hidden Charges/Fees):

  1. Call and Trade: Rs 20 for each executed order
  2. Physical contract notes: Rs 25 for each contract note in addition to dispatch charges. (Digital contract notes are free.)
  3. Instant Money Transfer Fee: Rs 7 for each transfer

How to Apply for an IPO?

If you’re using an older version of the Upstox app, read this.

Applying for an IPO on the Upstox platform is easy. All you need to do is follow these steps:

1) Log in to the Upstox mobile app using your User ID and Password.

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2) Enter your birth year to verify your account.

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3) Go to the ‘Invest’ tab from the bottom navigation bar and click on the ‘View ongoing IPOs’ from the IPO section.

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4) Click on the ‘Details’ button below the widget of the IPO you want to apply for.

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5) Use the IPO details page to go through all the company-related details.

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6) Click on the ‘Place Bid’ button at the bottom of your screen.

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7) Enter your UPI ID and click on ‘Continue’.

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8) Enter the lot size and your bid amount and click ‘Continue’.

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9) Confirm the order.

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10) You will receive a UPI mandate from your bank. Please accept the mandate.

Note: IPO window is open from 10 am till 5 pm on trading days.

If you’re using the updated version of the Upstox app, read this.

Applying for an IPO on the Upstox platform is easy. All you need to do is follow these steps:

  1. Login to the Upstox app using your 6-digit Pin or Biometrics.
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2) Go to the ‘Discover’ tab from the navigation bar at the bottom and click on ‘Invest in IPO’ where you will see all ongoing IPOs.

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3) Now, click on the IPO you wish to apply for where you’ll see a screen with two tabs –   ‘Overview’ and ‘Timeline’. You can click on these for more information on the IPO or skip and click on ‘Apply’ to apply for the IPO.

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4) You will now see the IPO application page where all the required details need to be filled. Now to proceed, click on ‘Continue’.

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Note: The IPO ‘Apply’ button will be disabled during non-market hours. It will be enabled from 10:00 AM to 5:00 PM.

5) Next enter your UPI ID and click on ‘Confirm’

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6) Click on status to check your application status and on the same screen, you will see a UPI Mandate payment pending message.

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7) Once you accept the mandate request, you can check your application status under the ‘Status’ tab.

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8) You can also check the timeline for your IPO application with date details

Note: IPO window is open from 10:00 AM till 5:00 on trading days.

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