SBI IPO Every one can Apply from their Respective Broker platform or From Net Banking (ASBA Facility).
I am Applying SBI CARDS IPO from Zerodha Account with UPI Id, Procedure given Below.
Go to Console > click on Portfolio > click IPO > Click Bid 
After applying from Zerodha Console, you will get Message from your UPI Mobile Application to approve the Mandate. It may take 4-5 hours, So near about 5 pm you may get message for mandate and Do as per the procedure given below.
Check Notification on PhonePe Application
Accept the IPO Mandate
Click ACCEPT
There are some Questions on which people have Doubts. FAQ’s for SBI Cards IPO
Q1. Can We apply from ASBA or UPI is Mandatory ?
A1. Yes You can Apply from UPI and ASBA you apply only if your Net Banking Allows you to do that.
Q2. Can We Apply in Both Shares Holder and Retail Category ?
A2. If You have SBI shares in Your Demat Account which you bought before 18th Feb 2020, Only then you can apply in shareholder category, If you Bought after 18th Feb 2020 then you can’t apply in shareholder Category and your Application will be rejected.
Q3. In Shareholders Category how Many SBI Shares we need in Our Demat Account for SBI Card IPO Application ?
A3. Only 1 SBI Share is Enough in your Demat Account to apply from Shareholder category, but make sure your buying date of SBI share was before 18th Feb 2020.
Q4. With UPI, Do I need to add funds in My Trading Account ?
A4. No, UPI will take payment from your Bank Account, Not from your Trading account.
Q5. Can I Use Any UPI ID for Payment ?
A5. Make sure the UPI which you are using for IPO application linked with same Bank account as same on Demat Account. That Means one Pan, one Bank Account and One Person name only then UPI application will work. ASBA have no such rules.
Q6. Do SBI staff will get Discount ?
A6. Yes SBI Staff will get additional Discount of Rs 75 per share & They have separate facility to apply SBI Card IPO.
Q7. Can we pay from Zerodha Trading Account for IPO application ?
A7. No, You can’t pay from Zerodha Account, UPI is mandatory for IPO.
Q8. I want to apply in both Category from Zerodha (Retail and Shareholders) ?
A8. No, Right Now Zerodha only accept one application, So You have to apply other application form ASBA facility. you can apply retail application from Zerodha account and shareholder application through ASBA facility.
Q9. Which price to apply IPO application ?
A9. It’s better to apply IPO application at Cut off price ( Rs 755).
Q10. How Much Qty, I can apply ?
A10. Under Retail Category you Can Apply maximum 13 Lots. (Pet lot = 19 shares). If you apply above 13 lots then you will consider ad HNI category Investor.
Q11. How to Increase chances of Allotment ?
A11. To Increase chances of Allotment you can apply from different accounts, Like your father, mother, brother, sister accounts. Or if you have SBI shares then apply in both category Retail as well as Shareholder category, Apply At Cut off price.
