To apply for an IPO without using UPI, you can utilise the ASBA (Application Supported by Blocked Amount) facility provided by banks. Here's how you can do it:

·        Visit Bank: Visit your bank branch or log in to your internet banking portal.

·        Fill ASBA Form: Request an ASBA form from the bank and fill it out with the necessary details, including your demat account information, IPO details, and bid price.

·        Submit Form: Submit the filled ASBA form along with any required documents to your bank.

·        Blocking Amount: The bank will block the bid amount in your linked account. This amount will remain blocked until the IPO allotment process is completed.

·        Bid Placement: Your bank will submit your bid to the designated Self-Certified Syndicate Bank (SCSB) handling the IPO.

·        Allotment: If your bid is successful, shares will be allocated to your demat account. If not, the blocked amount will be unblocked and made available in your bank account again.

·        Refund: In case of an unsuccessful bid, the blocked amount will be released, and you will receive a refund.

By following these steps and utilising the ASBA facility offered by your bank, you can apply for an IPO without using UPI.