Can a minor apply for an IPO?

Can a minor apply for an IPO?

      Minors generally cannot directly participate in financial transactions such as IPO applications. However, a guardian or parent may invest on behalf of the minor using their own account or through specific investment instruments designed for minors, such as a guardian account or a trust account.



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    • How to Apply for an IPO in web based terminal ?

      Click on your Client Code located on the right side. Under the IPO Section, select the preferred IPO you wish to apply for. Click on Apply to submit your application.

    • Can I apply for IPO using other person’s UPI ID?

      No, you cannot apply for an IPO using someone else's UPI ID. IPO applications must be made using your own UPI ID and bank account. Using another person's UPI ID for IPO applications is not allowed and may lead to the rejection of the application.

    • How can I apply of an IPO through PennyPal app?

      Login into the PennyPal app, click on the profile tab on the bottom right corner, scroll down and then click on the IPO tab, you will then be able to see all the available IPO’s

    • Can I apply for multiple applications in the same IPO using the same UPI?

      You can only submit one application for the same IPO using the same UPI. Multiple applications for the same IPO using the same UPI are not allowed. This means that investors cannot submit more than one application for the same IPO using the same UPI ...

    • How can an NRI apply for IPOs and rights issues?

      NRIs can apply for IPO through UPI or net Banking ASBA (Applications Supported by Blocked Amounts). The bid amount must be paid in Indian rupees and freely convertible foreign exchange for the investment to be considered for allocation.