Chittorgarh.com Logo
Loading...

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

Zerodha (Trade with the best stock broker)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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.


2 Comments

2. Rohit G   I Like It. | Report Abuse |   Link | May 2, 2022 9:45:31 AM Reply
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...
1. Quality Comment   I Like It. | Report Abuse |   Link | Jan 27, 2022 10:43:44 PM Reply
@Admin,
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.
1.1. Eswar   I Like It. | Report Abuse |   Link | Feb 28, 2022 9:55:21 PM
Seriously? I applied hdfc bank account for my son minor but unable to apply with his pan number. Please let me know how to apply for minor which bank accounts allows asba for minors?
1.2. Hind mittal   I Like It. | Report Abuse |   Link | Apr 22, 2022 7:38:36 AM
Bro
Let me now how I open for ipo minor accont and in which bank that is eligible for ASBA


Find more questions on this topic