How to apply for an IPO through a UPI ID?

Applying for an IPO using a UPI ID is a simple process regulated by SEBI and NPCI. You can use your UPI ID to authorize an ASBA mandate, which blocks the necessary funds in your bank account until allotment. To apply:

• Log in to your broker's platform and select the desired IPO.
• Enter your bid details and provide your UPI ID.
• Open your UPI-enabled app and approve the mandate request using your UPI PIN.

This ensures a secure transaction where funds are debited only upon successful allotment.