Can I apply IPO with different bank account?

An investor may apply for an IPO through any bank account that is in the investor's name, provided the bank supports the ASBA facility. When an investor applies through a broker/bank, the bank account associated with his/her profile is automatically selected. However, when an investor applies offline, he/she can specify any ASBA-supported bank account in his/her name.

Remark:

• Only one application per person (unique PAN number) is allowed for an IPO. There are some exceptions for applications in the employee and shareholder category.
• The name in the IPO application must match the name of the primary account holder of the demat and bank account.
• Duplicate applications will be accepted at the time of application but will be rejected at the time of allotment.

  SME IPO Enquiry