Can I apply IPO from multiple demat account?

The two accounts you open will have to be with different stockbrokers. Also, you cannot apply more than one application in an IPO despite having multiple demat accounts.

Can same person fill same IPO from different bank accounts?

Yes, you can apply for an IPO application for your family and friends through your savings bank account details. However, keep in mind that only five applications can be filled with the same bank account details.

Can one person have 2 demat accounts?

Investors can open multiple demat accounts, so long as the accounts are opened with different Depository Participants. You cannot open more than one demat account with the same DP. You can open a second demat account with the same DP, but with a different combination of account holders.

Can I have 2 demat accounts with different brokers?

It is absolutely legal to open multiple demat and trading accounts. You cannot have multiple demat accounts or multiple trading accounts with the same Depository Participant (DP) or the same broker. Therefore, if you have a demat account or trading account with a DP or broker, you cannot open another account with them.

Can we have 2 demat accounts with different brokers?

An investor can open multiple Demat Accounts with different brokers with a valid PAN card. Securities and Exchange Board of India (SEBI) does not levy any limitation on opening more than one Demat accounts in India.

Can a person apply for IPO from two demat accounts?

A person is having two demat account with single pan card, can he apply for ipo from both the accounts? No he cannot apply for ipo from both the accounts. The application will be automatically rejected. More PAN Card Questions…

Can I apply for multiple IPO through the same Pan number?

It’s a rule and if you apply in an IPO through multiple applications with the same name or same demat account or same PAN Number, all of your applications will be rejected. If you would like to place an order for multiple applications, it works if you apply one each of your family member’s names.

Can I operate multiple Demat and trading accounts with different stockbrokers?

Yes, you can operate multiple demat and trading accounts with different stockbrokers. However, this is true that you cannot open more than 1 demat account with the same stockbroker. In order to have multiple demat accounts, you need to open each of them with a different stockbroker.

How many times can I apply for an IPO?

One person cannot apply multiple times for an IPO. If you would like to place order for multiple application, it works if you apply one each of your family member’s name. But again all eligible family members should have a demat account and PAN number.