Can I apply to an IPO in employee category?

If you are an eligible employee of the company that is launching an IPO, and has reserved shares specifically for its employees.

You must meet all of the following conditions to apply in the employee category of IPO:

• You must be a current, permanent employee of the company going public (or company’s subsidiaries or group companies) as specified in the IPO prospectus.
• You must have a valid PAN linked to your employee records.
• You need to have a Demat account and a bank account with UPI
• You can only submit one application under the employee category.

Applying under the employee category can increase your chances of allotment due to a portion of IPO shares reserved for them. You can also apply in the retail category using the same PAN, it will not be treated as a multiple application. However, it's essential to carefully review the IPO prospectus regarding employee eligibility, reservation, discounts, application process, and limits.