IPO
Application status, refund status and more
After you place an IPO bid on Dhan, the UPI mandate request is sent to your linked UPI app by the sponsor bank. The mandate may take some time to appear.
If you have not received the mandate:
Open your UPI/payment app and check the Mandate or IPO Mandate section for a pending request.
If you have multiple mandates, verify the Application ID in the mandate details against the Application ID shown in your Dhan IPO order details.
IPO applications are not processed in real time, so the mandate may take a few minutes to arrive.
If the mandate is still not received after 6 hours, you can consider cancelling the IPO bid on Dhan and placing a fresh application.
Please make sure you approve the UPI mandate before 5:00 PM on the IPO closing day. Pending mandates expire after 5:00 PM on the last day of the IPO.
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