There are two ways to subscribe to an SME IPO one is via net banking ASBA process and another is applying IPO using UPI ID through your respective broker. If you have a demat account with any broker then you can purchase SME IPO through the following process;
- Apply in SME IPO via UPI: This is a direct online process to subscribe to an IPO via UPI through your trading and demat account. India’s top broker such as Zerodha provides both the BSE SME IPO and NSE SME IPO application facility through the UPI payment gateway. All you need to have is just a valid UPI ID address. Once you got the allotment, the IPO application amount will get debited from your account and allotted shares will be credited into your Demat account.
- ASBA Net Banking: You can subscribe to any SME IPO via your bank’s net banking The process requires users to provide their Demat account details and the IPO application amount will be freeze into your bank account.