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Can I apply IPO with different bank account?

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An investor may apply for an IPO through any bank account that is in the investor's name, provided the bank supports the ASBA facility. When an investor applies through a broker/bank, the bank account associated with his/her profile is automatically selected. However, when an investor applies offline, he/she can specify any ASBA-supported bank account in his/her name.

Remark:

  • Only one application per person (unique PAN number) is allowed for an IPO. There are some exceptions for applications in the employee and shareholder category.
  • The name in the IPO application must match the name of the primary account holder of the demat and bank account.
  • Duplicate applications will be accepted at the time of application but will be rejected at the time of allotment.

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