How to apply in an IPO on a minor's name?

There are three ways to apply in an IPO on a minor's name; using net-banking ASBA IPO application or using paper application form submitted to the branch. Minor above the age of 15 can also apply using UPI through their stock broker.

1. Net-Banking ASBA IPO Application

   Few banks like HDFC allow Minor's to apply in IPO using their own net-banking account. This is the most convenient way to apply in an IPO on Minor's name. Note that the Bank Account and Demat Account used to apply in IPO application should have same primary account holder (same PAN number).

2. Paper-based IPO Application

   If your bank doesn't offer online IPO application for Minor's, you could submit the paper-based IPO application to your bank branch.

3. UPI as Payment Method (Minor above 15 Years age)

   Minor's above the age of 15 get access to net-banking and thus can create UPI ID. Once you have UPI ID setup, you could apply in an IPO from any stock broker who offers UPI-based IPO application. Using UPI, a minor can apply up to Rs 5 lakhs of shares in an IPO.