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

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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.


3. Quality Comment   I Like It. |Report Abuse|  Link|Jan 27, 2022 10:43:44 PMReply
This is wrong about Minor UPI.
I am using ICICI bank account for my Daughter & I have creates UPI ID in Gpay for this account.
Also, with pro stock demat account I am using same UPI id & I got allotment many time for same.
3.4. aryan   I Like It. |Report Abuse|  Link|Oct 28, 2022 10:07:58 PM
which account in ICICI bank you have opened ??

3.5. Bharat vaishnavi   I Like It. |Report Abuse|  Link|Nov 13, 2022 5:59:48 PM
@Quality Comments , I am trying to apply IPO through UPI FROM PROSTOX MINOR DEMAT account But not able to do and Prostox application showing , (REJECTED
SAF:Yel is down) What is the meaning and now what to do ? Please solve this problem.
2. Amar   I Like It. |Report Abuse|  Link|Oct 21, 2022 11:01:42 AMReply
Please provide details on how to apply ipo using minor demat account
1. Rohit G   I Like It. |Report Abuse|  Link|May 2, 2022 9:45:31 AMReply
I have opened minor account at Prostocks, applied with UPI in an IPO however UPI mandate notification is not seen/received? what shall i do?? i have created UPI ID as well...

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