Yes, you can apply for an IPO without UPI by using your bank's net banking ASBA (Applications Supported by Blocked Amount) service.
Required details
When applying through net banking ASBA, you will need:
- Demat ID: Find your 16-digit demat ID by visiting console.zerodha.com/account/demat
- Depository: CDSL
- DP Name: Zerodha
If you have a UPI ID, you can apply for IPOs directly from Kite using the UPI ASBA process, which automatically maps your details.