Can we make 5 IPO applications from one bank account which is a single account holder and 5 different demat accounts of different persons?

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.

How many ASBA applications can be made from a bank account?

How many applications can be made from a bank account? Only one application can be made from a bank account in a Public Issue/FPO. In case of Rights Issue, more than one application can be made upto rights entitlement.

How many applications can be submitted IPO?

Please note that only 1 IPO application is accepted per person (technically 1 application per PAN Number). if more then 1 application is filled with same PAN number, all the application under that PAN number will be canceled.

Can I pay for IPO from different bank account?

Yes. In online application, certain banks allow such facility to apply in five different demat account from a single bank account.. For example, Bank Of Baroda. If you are applying offline, then you have to use the bank account of the IPO applicant only.

Can I pay for IPO from other bank account?

Yes, you can make the payment from your father’s or someone else bank account in certain conditions described below. The IPO applicant has a PAN Number and Demat Account on his name. The allotment is done based on the PAN number. The bank account does not matter.

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 for multiple IPO applications with same Pan number?

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. If you would like to place order for multiple application, it works if you apply one each of your family member’s name.

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.

Can I apply in IPO from multiple family members account?

Nowadays, in retail category good IPOs are oversubscribing with very heavy volume. In such case, chances of getting an allotment for your single application is very low. To overcome this issue, you can apply in IPO from multiple family members account.