How to Apply for an IPO Online Using ASBA and UPI
12 June 2026 · 5 min read
Retail investors apply for IPOs through their broker using UPI-based ASBA. Funds are blocked in your bank account and only debited if shares are allotted.
Applications are made in lots. Bidding at the cut-off price maximises your chance of a valid retail application.
Oversubscribed issues are allotted by lottery for retail applicants, so multiple lots do not guarantee allotment.
Ready to pick a broker?
Compare charges across 10 Indian brokers in one table.
Related reading
- How to Open a Demat Account in India: A Step-by-Step Guide
- Discount Broker vs Full-Service Broker: Which One Suits You?
- Understanding Brokerage and Statutory Charges on Every Trade
This article is for education only and is not investment advice. Verify broker charges on the broker's official website before acting.