Can I apply for an SME IPO through UPI?

Yes. SME IPO applications can be made using the UPI (Unified Payments Interface) facility, provided your broker offers the UPI option.

• The UPI mandate limit is ₹5 lakhs.
• Applications can be submitted through your broker’s IPO platform or via ASBA with UPI as a payment option.
• In SME IPOs, an individual qualifies as an Individual Investor when applying for the minimum application size of two lots. Any application above this threshold is categorized as Non-Institutional (NII).

Thus, investors can conveniently apply for SME IPOs using UPI (subject to broker support), within the overall ₹5 lakh transaction limit.