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How to apply for an IPO in Anand Rathi without UPI?

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Anand Rathi allows online IPO applications using the UPI payment gateway. If you do not have a UPI ID, you can apply for an IPO using the ASBA Net banking facility.

Steps to apply for an IPO in Anand Rathi without UPI:

  1. Log in to your Net Banking account with the bank you have account with.
  2. Visit the IPO section of the website, which is generally under the Investments section.
  3. Select the IPO you would like to apply for from the list of active IPOs.
  4. Enter the IPO bid details and provide the Anand Rathi Demat account number.
  5. Confirm and apply.

Once the IPO allotment process completes, you will get the shares deposited in your Anand Rathi account. You could sell them by login into the Anand Rathi website or mobile.


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