Why UPI is necessary for IPO?

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UPI is required for individual investors who wish to invest up to Rs 5 lakhs in an IPO through the broker's trading platform.

IPO with UPI is a step towards making the IPO application process efficient and reducing the time frame for listing. UPI payment mode is introduced in a phased manner with an aim to make it mandatory in future.

Topic: UPI IPO Application Feedback

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