Can I apply for an IPO without UPI ID?

Yes, you can apply for an IPO without UPI ID. A UPI ID is mandatory only if you use UPI payment mode.

You do not need UPI ID, if you are applying for an IPO through ASBA services. You must have an account with a bank that offers ASBA. Almost all well-known and national banks offer ASBA services. Click here for the list of ASBA-supporting banks.

All you need to do is provide your ASBA bank's account number in the payment section of the IPO application form or you can apply through your bank's Net banking services.