For a video walkthrough on how to apply for an IPO, see
How to apply for IPOs on Kite?
You can apply for IPOs through UPI ASBA if you are an individual investor with an application value of less than ₹5 lakhs.
Application categories
- ₹2 lakhs to ₹5 lakhs: Your application falls under the HNI (High Net-worth Individual) category.
- Above ₹5 lakhs: You must use ASBA instead of UPI.
You cannot submit multiple IPO applications using the same UPI ID, even if you hold multiple demat accounts.