Answer
You can apply for an IPO in Nuvama without UPI using ASBA (Applications Supported by Blocked Amount) via your bank’s net banking portal.
- ASBA Application Process – Log in to your bank’s net banking portal, go to the IPO/ASBA section, select the IPO, and enter your Nuvama Demat account details.
You need a bank account with a bank that supports ASBA and a Nuvama Demat account.