How to apply for an IPO through your bank with your Upstox Demat account number?

What details do you need from Upstox?

To invest in an IPO through your bank, you will need the Depository name and your Demat account number. You can find these details on the Upstox Pro app by following these steps:

1)Login to the Upstox Pro Mobile app with your credentials

2)Click the icon with three lines on the top left corner

3)Click on your name at top left of the page

4)You will see your account details listed on a screen similar to the one below

 

 

Note down the depository name and your Demat account number. 

The first 8 digits of your 16 digit Demat account number is your DP ID and last 8 digits is your Client id.
Your DP Name is RKSV securities India Private Limited

 

What is the process of applying for an IPO through your bank?

Applying for an IPO through your bank (NetBanking portal) is quick and easy. The process varies depending on the financial institution you bank with. Here are the processes for HDFC Bank, ICICI Bank. If you do not use any of these three, you can contact your bank for further assistance on applying for an IPO.

 

ICICI Bank

Steps to online IPO application through ICICI bank

The process to apply online for an IPO through ICICI internet banking involves following steps-

  1. Login to your ICICI NetBanking portal
  2. Click on the ‘Investments & Insurance’ tab on the top of the screen (in the menu section)
  3. Click on ‘Invest Online’ from the dropdown menu
  4. Go to the IPO ‘online box’ and click on ‘Invest in IPO’.
  5. Select your account number from the dropdown menu & click on ‘Submit’
  6. Enter and confirm your personal details, and authorize your transaction
  7. Select the IPO you wish to apply for from the list and click on ‘GO’
  8.  Fill out the form & in the Depository Details section, fill in the Upstox details mentioned above & click on ‘Submit’
  9. Verify and confirm the details, and accept the terms and conditions
  10. A success message will be shown upon confirmation

HDFC Bank

  1.  Login to the HDFC NetBanking portal
  2. Click on the ‘Request’ tab on the left of the screen (in the menu section)
  3.  Select ‘IPO application’
  4.   Click on ‘Continue’
  5.   Select the IPO you wish to apply for
  6.  Fill out the form & in the Depository Detail section, fill in the Upstox details mentioned above
  7. Once you are done filling the form, click on ‘Submit’
  8. Verify and confirm the details, and accept the terms and conditions
  9. A success message will be shown upon confirmation

Investing in an IPO is that easy! Take a look at upcoming IPOs here-  NSE’s IPO listings.