With a private limited or LLP Demat account,how to apply for IPO online?
Private limited companies or LLPs can apply for an IPO under the NII category. To apply for IPO, the company must have a demat account. Companies must complete the application manually. This includes downloading, printing, signing, and submitting the paper IPO form to your bank.
The following are the reasons why the online application for an IPO is not possible:
- The individual director's online banking ID is the company's name. The online ASBA IPO application form can be used by any director.
- UPI IPO applications cannot be used because the UPI ID is only assigned to individuals, and not to companies. UPI IPO Application should have the same name as the Demat Account account.
How to Apply for an IPO from a Demat Account belongs to HUF
- Visit the IPO section of NSE or BSE websites.
- Click the e-Forms button to download a blank ASBA Form.
- Fill it out and then print it
- Send the completed form to your bank branch.
- Receive the bank's confirmation number.
- The bank will assign the lien to the applicant and then submit the application.
All well-known banks including ICICI Bank, HDFC Bank, Axis Bank, SBI Bank, Kotak Mahindra Bank etc. Acceptance of the IPO Application
- HUF accounts are subject to the same rules.
- The 3rd party IPO application cannot be used for a company account. To apply for IPO shares, you can't use your personal SBI bank account to request them.