Answer
Eligibility & Requirements:
Anyone with an active Demat/trading account with Espresso (Sharekhan), including retail investors, HNIs, and QIBs, can apply for an IPO. A valid and funded UPI ID linked to the bank account is mandatory for the fast and paperless ASBA process. Retail investors should use only one application.
How to Apply:
- Log in to the Espresso app/website.
- Go to the “IPO” section (under “E-Apply” or the menu).
- Select the IPO, input bid details (quantity, price), and UPI ID.
- Submit and confirm the fund-blocking transaction on your UPI app.