How to Apply for an IPO Using UPI or ASBA

Before you apply

• Have an active demat and trading account.
• Use a UPI ID linked to a bank account in your own name (UPI is available for applications up to ₹5 lakh).
• Read the RHP — especially risk factors, objects of the issue and financials.

Through a broker app (UPI)

1. Open the IPO section and select the issue.
2. Choose the category (retail, shareholder, employee if eligible).
3. Enter the number of lots and the bid price, or tick cut-off.
4. Enter your UPI ID and submit.
5. Approve the mandate request in your UPI app before the deadline on the closing day.

Through net banking (ASBA)

1. Log in to your bank's net banking.
2. Go to the IPO / ASBA section.
3. Select the issue, enter demat details, lots and price.
4. Submit; the bank blocks the amount.

After applying

• Check the application status and the mandate in your UPI app.
• Check allotment on the registrar or exchange site — see how IPO allotment works.