IPO Eligibility Checker

The mandatory documents for IPO application include: (1) Valid PAN card - absolutely essential for all applications, (2) Active Demat account with proper KYC, (3) Bank account with ASBA facility enabled, (4) Aadhaar card linked with PAN (highly recommended), and (5) Complete KYC compliance with broker/DP.

Additional documents may be required based on category: HNI investors may need income proof, NRI investors require passport and overseas address proof, corporate investors need incorporation documents, and minors need birth certificate and guardian documentation.

No, you cannot apply for IPO without a Demat account. As per SEBI regulations, all IPO shares are issued in dematerialized form only. Physical share certificates are not issued for IPOs since 2019.

Your Demat account must be active (not dormant), have complete KYC, proper nomination, and be linked with your bank account. If you don't have a Demat account, you can open one with any registered Depository Participant (DP) like banks, brokers, or financial institutions.

While PAN-Aadhaar linking is not explicitly mandatory for IPO applications, it's highly recommended and may be required by some intermediaries. If your PAN is not linked with Aadhaar, you may face issues during the application process or verification.

To avoid any complications, link your PAN with Aadhaar through the Income Tax e-filing portal. The process is simple, free, and takes 24-48 hours for system updates. This ensures smooth application processing and reduces the risk of rejection.

You should maintain the full application amount plus an additional 5-10% buffer for charges. For example, if applying for ₹2,00,000, keep ₹2,10,000 in your account. This covers potential bank charges, GST, and processing fees.

The amount is blocked (not debited) during the application period. If you get allotment, the applicable amount is debited; excess is unblocked automatically. For HNI applications, ensure adequate balance as the entire application amount is blocked regardless of allotment.

Yes, NRI investors can apply for IPOs under the NRI quota or general category. They need: (1) Valid Indian PAN card, (2) NRE/NRO Demat account, (3) NRE/NRO bank account, (4) Valid passport, (5) Overseas address proof, and (6) PIO/OCI card if applicable.

NRIs must comply with FEMA regulations, ensure proper KYC with overseas documents, and may have investment limits based on FDI policy. Applications are processed through NRE/NRO accounts only, and repatriation benefits depend on account type and FEMA guidelines.

Both UPI and ASBA are fund blocking mechanisms, but they work differently: ASBA (Application Supported by Blocked Amount) blocks funds in your bank account through internet banking or physical forms. UPI creates a mandate that blocks funds through UPI apps, making the process faster and more convenient.

UPI is generally preferred for retail applications (up to ₹2 lakhs) due to convenience and speed. ASBA is used for higher amounts and when UPI limits are insufficient. Both ensure funds are blocked (not debited) until allotment decision, providing security and earning interest during the blocking period.

Yes, minors can apply for IPOs through a joint Demat account with a guardian. Required documents include: (1) Minor's birth certificate, (2) Guardian's identity and address proof, (3) Guardianship declaration, (4) Minor's PAN if annual income exceeds ₹2.5 lakhs, and (5) Joint Demat account opening documents.

The guardian operates the account on behalf of the minor until they reach majority (18 years). Upon reaching 18, the account can be converted to a regular individual account with proper documentation. All investment decisions and applications are made by the guardian following the minor's best interests.

If your IPO application is rejected, first identify the reason: common causes include invalid PAN, multiple applications, insufficient funds, dormant Demat account, or incomplete KYC. Check the rejection notice or contact your broker/bank for specific details.

Your blocked funds will be unblocked automatically within 1-2 working days. For future applications, rectify the identified issues: update KYC, reactivate accounts, ensure PAN validity, maintain adequate balance, and submit only one application per PAN (for retail category). Keep all documents updated and verified.