Here we are going to share how to apply IPO online with ASBA through ICICI Bank NetBanking? Follow below steps and apply for IPOs like mainline IPOs, SME ipos or NCDs as well. Its easy for ICICI Bank NetBanking users to apply for ipo through ASBA. Steps to online IPO application through ICICI bank. The process to apply online for an IPO through ICICI internet banking involves following steps- Login to your ICICI Net Banking Account. Click on “Investments & Insurance” tab on the top menu. Then click on the Invest Online on the drop down menu. Go to IPO “online box” and click on “Invest in IPO”.