ASBA (Applications Supported by Blocked Amount) is a net banking process wherein IPO application can be made through the client’s respective bank account net banking platform. Here are the steps to buy IPO online with Upstox through ASBA;
- Log in with your net banking platform.
- Select the IPO, you want to invest in.
- Enter IPO bid price, lot size, category i.e. retail, NII, RII, etc., Upstox Demat Account Details, etc.
- Verify again and submit the application.
- Now, your IPO application is placed successfully, on the allotment, based on the bid received, allotment will be done.
- Based on the Upstox Demat account entered in the application, shares will be credited to your Demat account that can be offloaded on or after share listing.
