Is it necessary to have an demat account to apply in an IPO?

It you need to have a demat account in respect to apply for an IPO. Allotments of shares in IPO are transferred to investors' demat accounts. Your IPO bidding application won't be considered for share allocation if you don’t provide accurate demat account information.

Before submitting your bid/application form, double-check that you have provided the correct DPID and Client ID details