Tips

Can I apply IPO with different Demat Account but same bank account?

Author 0 comment

Can I apply IPO with different Demat Account but same bank account?

No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.

Can I apply for IPO through my bank account which not linked to my Demat Account?

No, not necessarily. You would be provided with DP ID and CLIENT ID of 8 digits each, totaling 16 digits for your Demat Account. Login to Internet banking website of the bank with which you have account. Note, the bank should provide Application Supported by Blocked Amount (ASBA).

READ:   How do you get prescriptions when traveling?

Can I apply IPO from different Demat Account with same UPI ID?

No, only one IPO application in an IPO is permitted per UPI ID. In case if UPI as a payment option for IPO, the name in IPO application, Demat Account and Bank account should be same.

Can I apply for IPO without PAN card?

Yes, Since July 2006, SEBI made PAN number mandatory for IPO applicants. Forms submitted without PAN number or wrong PAN numbers are considered as faulty application and they are not considered for IPO allotment. If you are filling the IPO application through online stock broker, make sure he has correct information.

Can we apply IPO through demat account?

You don’t need a trading account to apply for an IPO. However, you need a demat account for credit of shares if shares are allotted to you.

Can I apply IPO from trading account?

Applying for an IPO You can apply for an IPO online through internet banking or trading account. Once you apply, the IPO amount you have applied for will be blocked in your account through ASBA (application supported by blocked amount).

READ:   Do we get dark circles if we use phone?

Can I buy IPO with demat account?

Yes, you can, if you are investing in an IPO: Hence you have to apply for the IPO. When you apply for an IPO, you only require a demat account. Once the IPO allocation is completed, the respective shares will be automatically credited to your demat account. You do not need a trading account to buy shares in an IPO.