UPI Application in IPO FAQs

Can retail investors use UPI in IPO application for HNI category?

Retail investors are not permitted to apply for an IPO under UPI in the HNI category. UPI IPO transaction limits are Rs 2 lakh per transaction. To apply for the HNI category, an investor must use the ASBA IPO Application.

What is the limit of UPI IPO application?

Rs 2 lakh is the limit for IPO applications that use UPI. You will need to submit an ASBA IPO application if you wish to apply for a larger amount (HNI) Brokers such as Zerodha and Angel, Upstox and Paytm …

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