Who can apply for an IPO using the UPI ASBA route?

Applying for an IPO using the UPI route is available only for individual investors. Investors can apply for an IPO using UPI payment mode only up to the amount of ₹ 5 lakh. An IPO application can be submitted through Jainam only by using any UPI application.

RELATED FACTS: -

• Investors investing less than ₹ 2 lakh are known as retail investors while on the other hand, investors investing amounts equal to and greater than ₹ 2 lakh but up to ₹ 5 lakh are known as HNI investors.
• Visit www.npci.org.in/what-we-do/ipo/live-partners to know the supported UPI apps.
• There are no charges to apply for an IPO through JPlus.