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Can I apply for an IPO if I don't use UPI?

You can apply for an IPO through netbanking ASBA service provided by your bank if you don't use UPI. You will need to enter the following details for your application:

  1. Demat ID - This is a 16-digit number used to identify your demat account. It is unique for every client. You can find your demat ID under DP IDs on your Kite profile .
  2. Depository - CDSL
  3. DP Name - Zerodha

Read this post on TradingQ&A explaining the process to apply in detail.

Note: We recommend you use the UPI ASBA process to apply for IPOs from Kite as all your details are already mapped and all you need to enter is your bid and UPI ID.