To apply for an Upcoming IPO you can either place your bids through “Online Trading Platforms” using UPI or else you can fill an IPO application form. You can also get the application form through a registered share broker or investment consultant such as Motilal Oswal Financial Services Ltd. Or else the forms are available at various banks as well as stalls outside the stock exchanges. The other option is to check the SEBI Website (http://www.sebi.gov.in/) for the prospectus of a particular Upcoming IPO. The prospectus lists the lead managers for the New IPO and you can get a copy of the application form from their centers as well. Once you get the form, you have to fill the details pertaining to minimum lot size & desired price (or use the Cut-off price option). Also you need to enter the UPI ID for bidding the desired IPO. Payment needs to be blocked post applying for an IPO investment using the UPI enabled app. User can also apply for a New IPO using the ASBA process through Net Banking. If you have a demat account with a registered broker such as Motilal Oswal or any bank, you can apply for the shares directly through your demat account or there is an option of physical delivery of share certificates. Some IPOs offer only demat (dematerialised) form of shares, while others offer both demat as well as regular (physical) shares. SEBI advises investors to get the allotment in demat form as the shares in IPO are tradable only in demat segment in the stock exchanges. Dealing of physical shares (allocated in New IPO) is not accepted.