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Is it possible to apply for an IPO without using UPI?

An IPO application can be submitted via net banking ASBA service offered by the bank, even without using UPI. To learn more about ASBA, see What is ASBA? The required details for the application are as follows:

  1. Demat ID: Demat Id is a 16-digit number used to identify a demat account, and it is unique for every client. The demat ID can be found by visiting
  2. Depository: CDSL.
  3. DP Name: Zerodha.

To learn more, visit

Zerodha suggests using the UPI ASBA process to apply for IPOs from Kite, as all the client details are already mapped, and only the bid and UPI ID need to be entered. To learn more, see How to apply for an IPO, and how to stay informed of new ones?