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To apply in IPO's offline, an investor just need demat account unless he decides to sell the shares which has been allotted through IPO’s. Below are the easy steps to apply IPO offline.
You will be given an acknowledgement form. If you apply for more than Rs. 50,000 you will need to attach a photocopy of your PAN card with the IPO application form.
You can apply in IPO by submitting application directly to bank. Below are the steps for applying in IPO through your bank branch.
1. Download the Application form from BSE/NSE website.
2. Fill all the required information like name of the applicant, PAN number, demat account number, bid quantity, bid price and other relevant details.
3. Submit the application to your nearest ASBA participating bank branch.
You can check on NSE/BSE website whether your bank is part of ASBA participating bankers to that IPO or not. Mostly all major banks are part of this. You can find the list of available ASBA participating banks branches on IPO detail page of NSE/BSE website.
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