Who can apply for an IPO using the UPI ASBA route?

• Applying for an IPO using the UPI route is available only for individual investors.
• Investors can apply for an IPO using UPI payment mode only up to the amount of ₹ 5 lakh. 
• Investor investing less than ₹ 2 lakh are known as retail investor while on the other hand, investor investing amount equal to and greater than ₹ 2 lakh but up to ₹ 5 lakh are known as HNI investors.
• An IPO application can be submitted through space web or space app using any UPI application. 
• Visit www.npci.org.in/what-we-do/ipo/live-partners to know the supported UPI apps.
• There are no charges to apply for an IPO through Space.