Apply with UPI
Bid with your UPI ID and approve the mandate in your UPI app. The amount is blocked in your bank account, not debited, until allotment.
Invest · Initial Public Offerings (IPO)
An IPO lets you buy shares in a company before they list on the exchange. With a demat and trading account opened through Wethonic and Angel One, you can apply online using UPI, follow open and upcoming issues, and check allotment without any paperwork.
- 01 Apply to IPOs directly via UPI
- 02 Track upcoming and ongoing IPOs
- 03 Access company information and market insights
IPO at Wethonic
What you get with IPO.
Apply to IPOs online with UPI, follow allotment status and read offer documents in one place, through your Wethonic account with our partner broker, Angel One.
Upcoming and open issues
See issue dates, price bands and lot sizes for current and upcoming IPOs in one place.
Offer documents and risk factors
Read company information and the risk disclosures in the offer document before you decide whether to apply.
Allotment status
Check your allotment status online and get notified. If you are not allotted shares, the blocked amount is released.
Research-based insights
Angel One’s research team shares research-based insights and company overviews on major issues. Use them as inputs. The decision stays with you.
How it works
From first call to first investment.
- 01
Open a demat account
You need an active demat and trading account to apply. You can open one through Wethonic, online.
- 02
Read the offer document
Review the company’s business, financials, price band and risk factors before you bid.
- 03
Bid with UPI
Enter your bid and approve the UPI mandate. The retail category covers bids up to ₹2 lakh.
- 04
Check allotment
If you are allotted shares, they are credited to your demat account. If not, the blocked amount is released.
How it works at Wethonic
You need an active demat and trading account. Open one through Wethonic and Angel One, then use the IPO section to see open and upcoming issues, with price band, lot size and dates. Bid with your UPI ID, approve the mandate in your UPI app and wait for allotment. If you are allotted shares, they are credited to your demat account. If not, the blocked amount is released.
Read before you bid
Every IPO comes with an offer document that sets out the business, financials, objects of the issue and risk factors. Read it. Look at the company’s fundamentals, the valuation and the price band, not just the buzz around the issue.
What to keep in mind
- Allotment is not certain. Oversubscribed issues are allotted by lottery.
- Listing prices can be higher or lower than the issue price.
- The retail category covers bids up to ₹2 lakh.
- An IPO is one part of a portfolio, not a plan on its own.
FAQs
Have questions? Find your answers here.
How do I apply for an IPO through Wethonic?
You need a demat and trading account. Apply from your dashboard using your UPI ID and approve the mandate request in your UPI app. The whole process is online and paperless.
Can I view allotment status?
Yes. You can check your allotment status online and receive notifications. If you are not allotted shares, the blocked amount is released to you.
Will Wethonic tell me which IPOs to apply for?
No. Wethonic does not tell you which IPOs to buy. The platform shares company information, offer documents and risk disclosures, and Angel One’s research team publishes research-based insights on major issues. You decide whether to apply.
Will I definitely get shares if I apply?
No. When an issue is oversubscribed, allotment is made by lottery and many applicants receive none. Applying does not ensure an allotment, and a listing does not ensure a gain.
What happens to my money while I wait?
With UPI and ASBA, the bid amount is blocked in your bank account, not debited. It is debited only for shares allotted to you, and the rest is released.
Please note: Investments in securities markets are subject to market risks, read all related documents carefully before investing. IPO allotment is not certain, and the listing price may be lower than the issue price. Applications are made through Angel One Ltd. Wethonic Financial Services Pvt. Ltd. acts as an Authorised Person and channel partner of Angel One Ltd. (NSE AP0397447973, BSE AP0106120118740).
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