Does Minor need a Demat account to invest in IPO?

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Yes, demat account is mandatory to apply in an IPO. Minor can still use bank account of any family member to apply in an IPO.

Topic: Minor Demat & Trading Account Explained - IPO, Tax, NCD FAQ Article

2 Comments

2. BIRAJESH KUMAR

| Link|November 28, 2022 5:33:14 PMReply

How can minor apply in sbi cap securities to apply in ipo.

1. Naresh Rajpurohit

| Link|September 5, 2022 5:48:15 PMReply

But since third party asba is not accepted now, what should we do

Find more questions on this topic

Who is considered a minor in India?
Can a Demat and Trading account be opened for a minor?
Which broker in India allows opening of demat and trading account in the name of the minor?
Does minor need a bank account before opening a demat or trading account?
Can a minor demat account be opened without its PAN card?
What are minor stock trading account restrictions?
Can a minor be a joint holder in a demat account?
What happens to a minor demat account when the minor becomes major?
What are the tax laws in the case of Minor? Suppose the minor account made a profit of 2L in a year and the patent come under 20% tax slab, does minor need to pay 20%?
I have two minor children's. Can I be the Guardian of both of them when opening the minor demat account on my kid's name?
Can I trade online in my son's minor trading account?
Can a minor apply in buyback offers?
How do I open a minor demat account?
What you should consider before opening Minor Demat Account?
Can I open minor demat and trading account online?
Can minor apply for IPO (Initial Public Offer)?
Can I sell shares which I received in the minor demat account through IPO allotment?
How do I sell shares received in IPO allotment in minor demat account?
As PAN Card of the Guardian is mandatory in the minor account, will that cause any problem in IPO Allotment if IPO is applied by both Guardian and minor?
How to apply in an IPO on a minor's name?
Do I need a minor bank account for minors trading and demat account?

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