Can I participate in an IPO without a demat account? MintGenie answers

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Also Read: Demat Account: What are the tax implications of transactions? Now, when it comes to applying for an IPO, there are a few ways to do it, but the most popular way is through a demat account, primarily using the UPI method. This account is mandatory if one wishes to apply for an IPO, and it is also the simplest and least complicated method. So, a majority of retail investors choose to go this way when they're looking to invest in an IPO.

However, there are alternative methods for applying for an IPO, including through net banking and offline channels. In this article, we'll explore these alternative ways to apply for IPOs as well as the UPI route method. An initial public offering (IPO) is the process of converting a privately held organisation into a public organisation through the sale of equity to the public.

The IPOs are generally offered through a fixed price process or book-building method. To make applying for an IPO hassle-free, you'll need two things: a demat account and a linked bank account and a UPI account. The demat account is where any allotted shares are deposited, while the linked bank account is used to pay for the IPO shares.

Also Read: Can I link multiple bank accounts to my demat account? The process for applying for IPOs through the UPI route is as follows: Log in to your trading account and choose the IPO you want to invest in. Specify the price and number of lots you wish to apply for. Fill out the application form, providing your UPI ID.

Approve the block funds request on the UPI app. In addition to applying for an IPO through a demat account, another option is to use your bank's website and the online ASBA facility. ASBA, or Application Supported by Blocked Amounts, lets you block the