Can I apply in an IPO through multiple applications on same name?
No, a person cannot apply for a single IPO more than ones. There are strict rules and regulations followed in this matter. However, his/her family members can apply for the IPO under their name provided they have a demat account and PAN number.
Can I apply more than one IPO application in my name from different saving bank accounts in same bank or different banks?
Only one PAN card can be used for one application. No matter how many different savings account details you might utilize, if there is the same PAN number in more than two applications, then all of them would be revoked.
Can I apply an IPO application in the name of Minor or HUF?
Yes, you can apply for an IPO applciation under a minor or HUF's name, provided they have different PAN card numbers.
Does IPO get allocated to people who apply first?
No, IPO allotment doesn't work like that. It is not dependent on who applied first, rather it is based on the total issue demand. There isn't a formula but a set process based on which the shares get allotted to different category of applicants.
Does applying in an IPO guarantee me to get certain amount of shares?
No, applying for an IPO does not guarantee you nay shares that would be allocated to you. Simply, applying is no surety to getting the shares as well.
What information should I keep after I submit the IPO application form?
There are few documents such as a photocopy of the IPO applciation, cheque copy, and the reference number of applciation if submitted online.
How to apply IPO in Zerodha? Buy IPO Online
If you are a Zerodha customer, you can apply for IPO online through Zerodha Console (Zerodha Back-office). The process for applying an IPO process has been explained in detail above. Here are few other answers to important queries that you may want to learn.
How many IPO applications can I submit through online net banking from one bank account?
There are about 5 IPO applications that can submit through online net banking from one bank account. However, the number can change immensely from one bank to another.
Can a minor apply in IPO?
Have you ever wondered id a minor can apply for an IPO? Yes, a minor can apply for an IPO given that he/she has a PAN card and a Demat account.
Is it mandatory to have a PAN Number to apply in an IPO?
Yes, it is mandatory to have a PAN number to apply for an IPO since July 2006 as per Securities and exchange board of India (SEBI).