Can I apply IPO with different Demat account?

An investor may only submit one IPO application per PAN and the demat account used for the application should be in the same name as the PAN.

If you have multiple demat accounts, you may submit the application through any demat account as long as it is in your name as the primary account holder. If you submit the application online through a broker, the demat account associated with your profile is usually selected automatically. However, if you submit the application through net banking or offline, you can enter the details of any demat account in your name.

Note:

• 1 IPO application is allowed per person (unique PAN)
• The name of the primary account holder in the demat account and bank account holder must match the name in the IPO application.
• All duplicate applications will be rejected by the Registrar at the time of allocation.

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