What type of account do I need to invest in IPO?

What You Need

• Demat Account: Required to receive and store shares digitally.
• Trading Account: Needed to place bids through a registered broker (e.g., Zerodha, Groww, ICICI Direct).
• Bank Account & UPI: A bank account with a linked UPI ID is essential for payments via ASBA.
• PAN Card: Needed to meet SEBI regulations.

How to Apply

1. Open Accounts: Make sure your Demat and Trading accounts are active.
2. Choose IPO: Log in to your broker’s app (e.g., Groww, Zerodha) or net banking.
3. Place Bid & Pay: Submit your bid (quantity and price) and use UPI to block funds.

Check Allotment: Shares will be added to your Demat account if allotted, or funds will be released.