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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.


7. Binoy   I Like It. |Report Abuse|  Link|September 13, 2023 3:32:44 PMReply
I opened a new savings account for my minor son in icici bank with his pan. but when i go to invest online option to apply for ipo it shows sons name but pan number is mine (fathers). What to do? Experienced seniors please guide
7.1. Saiba Sharma   I Like It. |Report Abuse|  Link|February 6, 2024 8:35:20 PM
Hi Binoy, I am facing similar issue with HDFC. Did yo got any solution ?
7.2. Parkhi Nazar   I Like It. |Report Abuse|  Link|February 16, 2024 3:32:38 PM
Same issue with Axis bank
6. ANEES   I Like It. |Report Abuse|  Link|January 3, 2024 6:31:52 PMReply
Use Canara Bank internet banking to apply both major and minor ipo... only requirement is that the minors account should be linked to his natural guardians customer id as the guardian is the authorized signatory for the account and of course, minor's pan should be linked in minors customer id.
6.1. Mrinal Sarkar   I Like It. |Report Abuse|  Link|January 26, 2024 3:22:29 AM
Sir,please tell me your child age?
5. Quality Comment   I Like It. |Report Abuse|  Link|January 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.
5.5. Bharat vaishnavi   I Like It. |Report Abuse|  Link|November 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.
5.6. Prakash   I Like It. |Report Abuse|  Link|September 8, 2023 11:31:06 AM
You are applying using your account or Daughter's bank account? How you have created UPI ID for minor? It is not allowed if minor is less then 15 years old? You are putting your UPI id in Prostocks or daughter's UPI ID?

I have applied using my (gaurdian) UPI ID. Is it valid application?
4. Akshay   I Like It. |Report Abuse|  Link|July 11, 2023 11:04:11 AMReply
In HDFC netbanking based IPO application of minor., They are asking for Date of birth and if it is below 18 it shows error.. so what to do with that
4.1. BLS   I Like It. |Report Abuse|  Link|August 10, 2023 4:15:54 PM

I have read that HDFC is providing ASBA facility in Minor saving account, I am also going to open minor saving account with HDFC, pls clarify whether you are able to use ASBA or not
4.2. Abdul   I Like It. |Report Abuse|  Link|August 14, 2023 4:16:46 PM
Same problem, asking the date of birth, if age 18 blow show the age should b greater than 18 for hdfc ASBA , what to do.
Reading the artical of chhitorgarh, i opened my child acount in HDFC.
3. BLS   I Like It. |Report Abuse|  Link|August 10, 2023 4:20:14 PMReply
Pls provide the bank name who is providing the ASBA facility in Minor saving account.
2. Amar   I Like It. |Report Abuse|  Link|October 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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