Smart IPO

Smart IPO is an automated IPO application feature from Alice Blue that allows you to set your IPO application preferences in advance. Eligible IPO applications are automatically triggered when the subscription level matches your selected condition. 

Smart IPO automates the tracking of IPO subscription levels and placement of your IPO application based on the rule you have selected.
You still need to approve the UPI mandate manually.

Currently, Smart IPO supports Mainboard IPOs listed on NSE and BSE.

You can choose between:
1. Retail: Investment up to ₹2 lakh per IPO.
2. HNI: Investment above ₹2 lakh per IPO.

Yes. You can select your preferred lot size using the plus (+) and minus (-) controls during setup.

1. Select your category.
2. Select the required lot size.
3. Enter and verify your UPI ID.
4. Select your preferred subscription-based auto-apply rule.

The verified UPI ID is used to send the UPI mandate request when your Smart IPO application is triggered. Verifying it during setup helps avoid issues when an IPO is live.

You can select one of the following:
1. Below 1x
2. 1x to 5x
3. Above 5x

4. Below 1x works for investors who want to apply when an IPO looks less competitive, since lower subscription generally means a better shot at allotment.

5. 1x to 5x is a middle-ground rule for investors who want some demand validation but aren’t chasing the most oversubscribed names.

6. Above 5x applies only when an IPO is clearly popular, though it’s worth knowing that heavy subscription usually means lower allotment odds, not higher.

Once this is selected, your Smart IPO setup is complete, and the feature goes live for future Mainboard IPOs.

When the IPO’s subscription level matches your selected condition, Smart IPO automatically places the application for the lot size you selected.

A UPI mandate request is then sent to your linked UPI ID.

Yes. You must approve the UPI mandate from your bank/UPI app.

Smart IPO automates the application timing, but payment authorization remains under your control.

No. Once you approve the mandate, the required amount is generally blocked in your bank account.

The amount is debited only if shares are allotted.

If the IPO closes without your selected subscription condition being met, no application will be placed through Smart IPO.

Consequently, no UPI mandate will be generated and no amount will be blocked through Smart IPO.

No. Smart IPO automatically monitors the subscription level and triggers the application when your selected condition is met.

No. Smart IPO does not guarantee allotment.

The feature only automates the application process based on your selected subscription condition. IPO allotment depends on the applicable allotment process and demand.

Yes. You can receive notifications regarding:

1. Application trigger
2. UPI mandate status
3. Allotment updates
4. Listing updates

You can track your applications through the Smart IPO dashboard.

The dashboard provides details such as your active rule, lots applied for, mandate status, and previous Smart IPO applications.

Yes. You can edit your preferences from the Smart IPO dashboard.

Currently, only one active Smart IPO rule is allowed per account.

You should:
1. Maintain sufficient funds in your linked bank account.
2. Keep your UPI ID active and accessible.
3. Approve the UPI mandate on time.
4. Review your Smart IPO rule periodically.
5. Independently evaluate the IPO before deciding to participate.