To apply for IPO's offline an investor only needs a Demat account unless he wants to sell shares that have been allotted through IPO. Here are the steps to apply for an IPO offline.
An acknowledgment form will be sent to you. You can apply for more than Rs.50,000, all you will need is a photocopy to attach your PAN card along with the application form of IPO.
By submitting an application directly to the bank, you can apply for IPO. Here are the steps to apply for IPO through your bank branch.
1. Download the Form to apply through BSE/NSE Website.
2. Please fill in all required details such as name, PAN number, and Demat account number.
3. Send the completed application to your nearest ASBA bank branch.
NSE/BSE can tell you if your bank is a participant in ASBA's IPO. This is a common feature for all banks. The list of ASBA participating branches can be found on the IPO detail page at NSE/BSE.