I have 5 lacs to invest in IPO. Please suggest how can I apply for an IPO - with maximum applications with my name? Or do I need to apply with different applications (different Demat acounts of my family members)?
I have 5 lacs to invest in IPO. Please suggest how can I apply for an IPO - with maximum applications with my name? Or do I need to apply with different applications (different Demat acounts of my family members)?
You can apply one application with one PAN and same address. If you apply more than one, all of them would get rejected.Originally Posted by Akshay
You can apply in the High Networth Category.
Retail investors IPO application limit set to increase to Rs 2 lakh
http://economictimes.indiatimes.com/...ow/6806018.cmsRetail investors will get to double their bets on initial public offerings as the market regulator is set to raise the limit to Rs 2 lakh
What is the bookbuilding Method in IPOs? Please explain in layman terms.
As per Book building method, the IPO issuing company doesn't fix the price in advance, rather gives a price band to the investors within which they are entitled to bid. The investors, in turn, bid for the same by stating the quantity as well as the price of the IPO shares at which they are interested to purchase. IPO's final price is then determined on the basis of all the bid prices.
Can I use my saving account to apply for IPO by using demat account of my friend?
No, you cannot use different account. Both demat account and bank account should be in the same name.
You will pick up maximum wrong numbers when on roaming.
Mohan - Why not you apply IPO with your friends name and later on transfer shares in your demat account.
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