Is Net banking necessary for IPO?

What do I need to apply for an IPO online? You should have Internet enabled accounts with State Bank of India, with transaction rights and have a Demat account with any Depository Participants (DPs).

Can I use other bank UPI for IPO?

Can I use another bank’s UPI ID? You can use the UPI ID linked to any of the banks that currently supports UPI ASBA to place an IPO application bid through Zerodha. The only requirement is that you should be one of the account holders in the bank account linked with the UPI ID that you are using to apply for an IPO.

How to apply for HNI IPO through Zerodha?

You can bid for the HNI IPO application only through ASBA using the Net banking facility or by submitting the physical IPO application form. HNI’s cannot apply using the UPI-based IPO application offered by most discount stock brokers like Zerodha.

Can a HNI apply for an IPO through UPI?

HNIs cannot use UPI-based IPO applications to apply in the NII category as an HNI investor. The process of applying for IPO shares as HNI is similar to retail ASBA IPO application using net-banking except; the application amount should be more than Rs 200,000 and you have to choose a specific price at which you would like to buy IPO shares.

How to apply for an IPO?

The IPO application is liable to get rejected if the person who is applying is different from the one whose bank account is used to apply. Place your bid (s). Select the investor type for your application. While placing the bids, only quantity that is a multiple of the lot size is allowed.

How do I apply for an IPO through NetBanking?

Log in on NetBanking and select the “IPO Application” option from the bottom left menu. You will then be re-directed to our IPO Online System. The IPO Application is only for resident individuals and applications cannot be made on behalf of a Corporate, HUF, Trust, Minors etc.