Open a demat account and trading account with a SEBI-registered broker
Ensure your bank account supports ASBA or UPI-based IPO applications
Check the IPO’s HNI/NII category eligibility and minimum application size
Calculate the lot size and total application amount required for the HNI category
Keep sufficient funds in your bank account for the full application amount
Log in to your broker’s platform, bank’s ASBA portal, or UPI app
Select the IPO and choose the HNI/NII category
Enter the number of lots you want to apply for
Submit the bid price or choose the cut-off price if allowed
Confirm the application through ASBA or UPI mandate
Approve the blocked amount in your bank account or UPI app
Save the application acknowledgment or bid reference number
Track the IPO allotment status after the issue closes
If allotted, the shares will be credited to your demat account
If not allotted, the blocked funds will be released back to your bank account