There is a lot of queries about minor demat account, buy or sell in that account, application in ipo, ASBA facility in minor account. So, pls, admin is requested to clear all issues in one plateform. Or any senior member please clear all rules in this issue
2035.2. Paymzia| Link| Bookmark|
November 28, 2023 1:14:03 PM
IPO Guru (2700+ Posts, 4700+ Likes)
As per my knowledge no broker allow minor selling in IPOS Only think is to transfer shares to your account then sell . CDSL to CDSL best one day we can transfer the shares . CDSL TO NSDL OR NSDL TO CDSL take time for transfer .
So dad's or moms accounts should be CDSL is the best to transfer the shares may be listing day not possible next day we can sell after transferring the share to you .
Anyone have some points add to this is welcome
2035.3. Ankur Goel| Link| Bookmark|
November 28, 2023 1:18:32 PM
IPO Guru (1300+ Posts, 600+ Likes)
@Paymzia Prostocks allows online buy sell in minor account. It is restricted to delivery or cash & carry positions. Best broker for minor accounts.
2035.4. Ankur Goel| Link| Bookmark|
November 28, 2023 1:19:49 PM
IPO Guru (1300+ Posts, 600+ Likes)
@Ajay for ipo There is FAQ available for minor accounts in chittorgarh.com but nobody go the FAQ to read it.
2035.5. Ankur Goel| Link| Bookmark|
November 28, 2023 1:21:42 PM
IPO Guru (1300+ Posts, 600+ Likes)
I hold two minor accounts for my kids aged 4 year and 1 year. DEMAT with Prostock (Sunlight Broking LLP). They allow selling on listing from minor account itself. Also can buy shares on Delivery. INTRADAY is NOT permitted.
I apply for IPO using HDFC Bank internet banking ASBA for one and another via UPI using the SBI's Pehla Kadam minor account.
Please tell if Minor can apply in HNI category I applied in my son’s demat account but never got allotment but when I applied in retail category i got allotment i only got allotment in retail category only
@GuptaG yes net banking is available in many banks., like i personally use icici here minor account will be linked with your own account but pan no. of minor must be update under his / her account no. so that while applying online it automatically takes on minor's pan
All boarders of this Forum are requested to post their Allotment results application wise and category wise ( e.g. 1/13-SH or Retail etc) so that we can analyse the report for our future learning/ activities. Thanking you all.
2020. IPOTraders| Link| Bookmark|
November 28, 2023 11:23:47 AM
IPO Mentor (800+ Posts, 400+ Likes)
Tata Technologies and Other 3 IPOs Expected to announce the Allotment Today https://linkintime.co.in/mipo/ipoallotment.html Stiil not live, wait for sometime