There are two ways to apply for IPO, UPI and Internet banking ASBA.

UPI process was introduced recently. UPI application, Bank, NCPI, DP are involved in this and at times, UPI mandate is not arrived on time or amount is not unblocked on time on not getting allotment. Since this is a new process, it will take time to settle down. Till then it is prudent to use time tested approach of applying through internet banking.

All one has to do is, know whether the demat is with NSDL or CDSL. Make a note of the Demat ID/DP ID/BO ID - 16 digit number from the broker terminal. Once these 2 information is available, go ahead and apply from the internet banking. One advantage in this process is that, once the application is submitted, process ends there and amount gets blocked.

Following is the detailed step by step process of applying from ICICI Net banking.

Step 1

Select Investments & Insurance. Then select Invest Online



Step 2

Select Invest Now



Step 3

Select the bank account and click Proceed



Step 4

Select the check box to agree the T&C and click Submit



Step 5

It will redirect to ICICI Direct Page. Select GO against the IPO one wish to apply for.



Step 6

Select the bank account, choose the depository, either CDSL or NSDL, enter Demat ID/DP ID/BO ID (16 digit number), select Cutoff Price, enter the quantity. No need to enter price as cutoff is selected. No need to fill next two options/bids. Then click Submit.