How to invest in IPO online with Upstox through ASBA process?

Question

How to invest in IPO online with Upstox through ASBA process?

Accepted Answer · 2020-08-25

ASBA (Applications Supported by Blocked Amount) is a net banking process wherein IPO application can be made through the client’s respective bank account net banking platform. Here are the steps to buy IPO online with Upstox through ASBA;

Log in with your net banking platform.
Select the IPO, you want to invest in.
Enter IPO bid price, lot size, category i.e. retail, NII, RII, etc., Upstox Demat Account Details, etc.
Verify again and submit the application.
Now, your IPO application is placed successfully, on the allotment, based on the bid received, allotment will be done.
Based on the Upstox Demat account entered in the application, shares will be credited to your Demat account that can be offloaded on or after share listing.

How to invest in IPO online with Upstox through ASBA process?

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