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
You can also use the UPI ASBA process from Kite to apply for IPOs, which maps your details automatically. You only need to enter your bid amount and UPI ID.