Comment on Apply for IPOs using UPI

Mohit Mehra commented on 30 Sep 2019, 12:58 PM

Hi Anita,

1. Yes, applications above Rs. 2 lacs are considered HNI applications. However, all IPO application bids through Zerodha are powered by UPI which only supports retail applications (i.e. up to Rs. 2 lacs). You can apply through your bank’s net banking portal to place an HNI bid.
2. You can place up to 3 bids. The best bid is considered by the RTA while processing your application. Check this article for elaboration: https://support.zerodha.com/category/q-backoffice/ipo/articles/how-do-i-place-bids-in-the-ipo-application

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