FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
High net-worth individuals (HNIs) or non-institutional investors (NIIs) make a minimum investment of Rs 2 lakhs. Thus, they cannot purchase IPO using the UPI payment gateway because the maximum transaction limit in UPI is Rs 1 lakh.
HNIs can either participate in an IPO through net banking ASBA facility or by physically submitting the IPO application form. ASBA is the most common or preferred method while applying in an IPO under NIIs.
Steps to apply in IPO under NII/HNI category;
Zerodha Trade@20