How to invest in IPO without UPI through Paytm Money?

Yes, investment in IPO through Paytm Money is possible via UPI ID and without UPI ID or ASBA process. ASBA (Applications Supported by Blocked Amount) is a process to buy IPO through your net banking portal, instead of applying directly through the broker.

Steps to invest in IPO via ASBA (without UPI ID) through Paytm Money:

• Log in to your net banking account.
• Select your choice of IPO, you want to invest in.
• Tap on the “Apply” option and enter the IPO lot size and price, you want to buy at.
• Now, provide your Paytm Money DP ID.
• Submit the IPO bid and the order is placed successfully.