Can I apply IPO without Demat account?

No, a demat account is mandatory to submit an IPO application. You must provide your demat account details whether you are submitting an IPO application online or offline. If you receive an allotment in an IPO, the demat account details are required so that the IPO shares can be credited to your account.

Note that the name on the IPO application must match the name of the primary account holder of the demat account used in the IPO application. If this is not the case, the application will be rejected.

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