Who can use UPI ASBA for an IPO

Sun, 21 Jun 2026 00:00:00 +0000

UPI ASBA for IPOs is restricted by SEBI to resident individual investors, and to Hindu Undivided Families applying through the karta, for an application value up to the Rs 5,00,000 per-transaction UPI limit. Everyone else, applicants bidding above that limit, non-individuals such as companies and trusts, Qualified Institutional Buyers, and Non-Resident Indians, applies through bank ASBA instead. This article sets out the eligibility line precisely, the amount thresholds that interact with it, the own-account rule that catches even eligible applicants, and the bank ASBA route for those who fall outside.

IPO Eligibility on WebNotes

Who can use UPI ASBA for an IPO