Basic IPO FAQs

With my saving account, can I apply IPO in the name of family or friend?

Two types of banks can apply for IPOs using ASBA.

  1. Banks offer Third Party IPO Application

    Third Party IPO applications are offered by banks like RBL, Asix, and SBI. These banks allow you to apply for up to five IPO applications with one bank account.

    Yes, you can apply for an IPO in your friend's or family member's name if you have a bank account at any of these banks.

    This is the only method to submit an IPO online under the Minor or HUF name.

  2. Only banks that offer self-IPO applications

    Other banks such as ICICI, HDFC and others. Only 1 IPO application is allowed per bank account. The bank account, demat and PAN numbers should all belong to the same person in this instance.

Note: As per regulation;

  • The unique PAN number is used to determine the allotment. Per PAN number, only 1 IPO application can be eligible.
  • When applying for an IPO through ASBA, it doesn't matter what bank account you have.
  • UPI is a method of payment that requires the account to be in the applicant's name.

What do you mean by IPO?

By whom the 'Price Band' is decided?

'Date of issue' is decided by whom?

What a registrar of an IPO does?

What is role of Lead managers in IPO?

What does 'follow on Public offering' or FPO means?

What are Primary market & Secondary market?

How can you define the life cycle of an IPO prospectus?

What are the life cycle of an IPO?

what are the basic differences between Book building and fixed price issue

How is Floor price different from Cut-off price for a book - building issue

Differentiate between RII,NII,QIB, & Anchor Investor

Retail investor, I would like to invest more than Rs 1 lakhs in an IPO. What is the best way to invest in the Non-institutional bidders' category? What are the pros and cons of investing in this category?

Is PAN number mandatory for applying in an IPO?

IPO remains open for how many days?

After submitting the application in IPO,what details I should keep?

For an IPO,what is the 'Market lot size' & 'Minimum Order quantity'?

Will I get guaranteed amount of shares if applying for an IPO?

Is investing in IPOs less riskier than in direct stock market?

Can someone apply through more than one application in IPO with the same name?