Can I use my friends UPI for IPO application?

Click here for upcoming IPOs You cannot use the UPI ID of a bank account of a friend or a family member where you are not an account holder.

Can I use my friends demat account?

Yes, of course. You can authorize any other person to operate your Demat Account on behalf of yourself by using a power of attorney. After that, that person having the POA can operate the Demat account.

Can I share my demat account details?

Yes. If you authorize any person to operate your account by executing a power of attorney, that person can operate the account on your behalf. However, you need to submit a Notarised copy of the POA to your DP. Ensure that the POA has the signatures of both, the Donor and the Donee.

Can I add my wife name in my demat account?

Yes. She is permitted to change her name post marriage and some very basic documentation will be required for the same. You need to show documentary proof of why you want the name changed in the demat account. These can be submitted as documentary evidence to support your name change request.

Can we apply IPO from different demat account with same PAN number?

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 in IPO through multiple demat accounts?

It’s a rule and if you apply in an IPO through multiple applications with the same name or the same Demat account or same PAN Number, all your applications will be rejected. If you would like to place the order for multiple applications, then it is recommended that you apply using each of your family members’ name.

Can I apply in IPO on behalf of a family member?

Banks like SBI, Asix, and RBL offer the 3rd Party IPO application. You can apply in up to 5 IPO applications using one bank account with these banks. If you have a bank account in any of these banks, yes, you could apply in an IPO in the name of a family member or friend’s name as long as they have their demat account and PAN number.

Does it matter which bank account I use to apply IPO?

In this case, the bank account, demat, and PAN number should belong to the same person. The allotment is done based on a unique PAN Number. Only 1 IPO application is eligible per PAN number. It does not matter which bank account you use when applying in an IPO through ASBA as a payment method.

How to apply in IPO online in name of minor and Huf?

It is the only way to apply in an IPO online in the name of Minor and HUF. Other banks like ICICI, HDFC, etc. offer only 1 IPO application per bank account. In this case, the bank account, demat, and PAN number should belong to the same person. The allotment is done based on a unique PAN Number.