How to apply for IPO online from a private limited or LLP Company demat account?

A private limited or LLP company can apply in an IPO under the NII (Non-Institutional Investors) category. The company should have a demat account to apply in IPO. The application process for companies is a manual process that required download, print, sign, and submitting the paper IPO application form to your bank.

Note that the facility to apply for IPO is not available online due to the following reasons:

1. The online banking ID for the company is in the name of the individual director. When using the online banking ASBA IPO application form, the form is prefilled by the director's name and PAN number instead of the company details.
2. UPI IPO application cannot be used as the UPI ID is assigned to individuals and not to the company. In UPI IPO Application, the name on the account with UPI ID and Demat Account should be the same.

Steps to apply for IPO from a demat account belongs to Company or HUF

1. Go to BSE or NSE website IPO section.
2. Click on the e-Forms link or download a blank ASBA form.
3. Fill it and print it
4. Submit the form to your bank branch.
5. Get the confirmation number from the bank.
6. The bank will mark the lien and submit the application.

All popular banks including HDFC Bank, ICICI Bank, SBI Bank, Axis Bank, Kotak Mahindra Bank etc. accept the IPO application.

Resources:

• NSE ASBA e-Forms
• BSE ASBA Forms

Note:

• The same rules are applicable for HUF accounts.
• You cannot use the 3rd Party IPO Application for a company account. For example, you cannot use your personal bank account in SBI to apply for IPO shares using a company demat account.