Following are the steps that will enable you to apply for an IPO using UPI as the payment option through the 5paisa app:

·        Go to IPO Section: Open the 5paisa app and navigate to the IPO section.

·        Select Live IPOs: Choose the IPO you want to apply for from the list of live IPOs.

·        Click "Apply Now": Tap on the "Apply Now" button for the selected IPO.

·        Choose Investor Type: Select your investor type from the options provided.

·        Enter Quantity and Price: Enter the quantity of shares you want to apply for and set the price.

·        Verify UPI ID: Verify that your UPI ID is linked to your bank account.

·        Apply and Accept Mandate: Click on "Apply" to submit your bid and accept the mandate on the UPI app.