If you want to apply for IPO for a amount more than 2 lakhs, you’ll have to do so using the Netbanking ASBA service provided by your bank. You can read this post to know the process of applying for IPO through ASBA.
The application over 2 lakhs will be considered under NII (Non-Institutional Investor) category, where the allotment is done on proportionate basis. You can learn more on this here:
is filing IT return compulsary to apply for IPO As HNI.
i havent earned more than 2.5 lakhs annum n previous 5 years and i had loss in trading prev financial year. i wish to file IT as Nill for 20-21.
just in case if i apply for Zomato IPO by investing 2.50 lakhs of my savings.
is it possible. can i apply it using ASBA of Canara Bank. does IPO supported by all major banks?