Basic IPO FAQs

Can payment be made by registration through ASBA for an IPO from my father's or someone else's account?

Yes. You can make the payment using your father's bank account or another person's bank account, provided you follow certain conditions. This is the 3rd Party IPO Application.

If:

  1. They can apply for an IPO through the bank with which they have an account. Third-party IPO applications are offered by banks like RBL, Asix, and SBI. This facility is not offered by HDFC or ICICI.
  2. A PAN Number and Demat account are required for the IPO applicant.
  3. PAN numbers are used to determine the allotment. You have a bank account or not it doesn't matter.
  4. When you use UPI to pay your bills, the 3rd Party IPO Application is not available.


In IPO application is third party UPI accepted?


Does IPO application with third party ASBA or UPI gets rejected or accepted?