What is the UPI IPO application limit?

The UPI IPO application limit has been increased to Rs 5 lakhs from Rs 2 lakhs. With the change in limits, sHNI/sNII investors who wish to apply for up to Rs 5 lakhs can do so through UPI. All other HNI investors who wish to apply for an amount more than Rs 5 lakhs will have to do so through the ASBA route. Many brokers like Zerodha, Angel, Upstox, Paytm and Groww offer UPI based IPO application.