Can I apply for IPO with HDFC Sky without UPI?

Yes, non-UPI users can place an IPO bid with HDFC Sky using their net banking account.

Whether you have an account with any Indian bank like ICICI, HDFC, Axis, SBI, etc. you can log in to your net banking portal and apply for an IPO. While placing an IPO apply request, you just have to provide your HDFC Sky Demat account details so that you will get allotted shares in your Demat account.