What are the steps involved in applying for an IPO using UPI on the platform?
**IPO Listings:**

**Open IPOs:**
Here you can see the latest IPOs available for subscription. By clicking on an IPO's card, you can access options to view details, subscribe to the IPO, and share it.

1. **Details:** This section provides all relevant information about the IPO. You can subscribe by clicking the 'Subscribe' button at the bottom of the screen.

2. **How to apply for the IPO using UPI:** 
    - Enter the number of lots you want to bid for.
    - Choose whether you want to bid at the cut-off price or enter your own price within the specified range.
    - The amount to be blocked will be displayed based on your bid.
    - Enter your UPI ID and select the VPA code.
    - Confirm your eligibility as a UPI bidder by checking the box and click 'Subscribe'.
    - Once you submit your application, you will receive a mandate request on your UPI app, which you need to accept.
    - You will also receive an email and notification from the respective application to approve and proceed with the process.

**IPO Transactions:**  
This section allows you to track the progress of your IPO bid.

- **Payment Status:**
    - **Failed:** Indicates that your payment did not go through, and you need to re-initiate the transaction.
    - **Success:** Confirms that your bid application was successful and accepted.
    - **Pending:** Means the mandate is still in the approval process.
- **DP Verification Status:**
    - **Failed:** Indicates a mismatch in your DP, which needs to be corrected.
    - **Pending:** Shows that the verification process is ongoing.
    - **Successful:** Confirms that the DP matches the SEBI records.
- **IPO Application Status:**
    - **Subscribed:** Confirms a successful IPO subscription.
    - **Canceled:** Shows you have canceled the application.
    - **Modified:** Indicates changes made to the application.
    - **Failed:** Denotes an unsuccessful subscription requiring a re-initiation process.
  
- **Modify IPO Application:** 
    - Changes can be made only after the bidding window is closed. Successful modifications will be confirmed with a message.

**Closed IPOs:** 
Lists IPOs that have concluded their subscription period, and no more modifications can be made.

**Upcoming IPOs:** 
Displays all upcoming IPOs.

**Note - IPO Allocation:**

1. **Successful IPO Allotment:** 
    - Transfers allotted shares to your Demat Account upon successful allocation.
    - You will receive notifications via email, SMS, and from Exchange(NSE/BSE).
    - The bid amount blocked by the bank will be deducted.

2. **Unsuccessful IPO Allotment:** 
    - If the allotment is unsuccessful, the blocked bid amount will be released.
    - Notifications will be sent via email and SMS.

**Technical Research**

The Technical Research section provides analysis of price trends and is suitable for short-term investors. This analysis is done through technical analysis, which examines market trends and historical price and volume patterns to evaluate the future value of securities. The reports generated in this section have five types of research strategies explained below:

1. **Sumeet Bagadia Calls:** Receive expert calls from Sumeet Bagadia, Director at Choice Broking, based on fundamental and technical analysis for both short-term and long-term investment views.

2. **Choice Signal:** An automated research engine that offers real-time trading ideas with five strategies to cover all aspects of stocks for traders. It includes:
   - **Intraday Spurt Strategy:** Generates intraday research calls for traders based on pattern breakouts and volume criteria, with two target levels for potential returns.
   - **Dark Horse Strategy:** Provides positional research calls for traders based on price and volume breakout, aiming for a return of 5% to 10% within a week.
   - **Future Trade Simplifier Intraday:** Offers intraday trade calls in the Future segment by analyzing Open Interest situations and price movements.
   - **Future Trade Simplifier Positional:** Provides positional trade calls in the Future segment.
   - **ETET Strategy (Equity):** A strategy for traders to buy stocks today and sell them tomorrow, analyzing intraday breakouts with above-average volume.

Clients can access this section via the bottom tab labeled "Research" for detailed technical analysis and research strategies to support their investment decisions.