{"id":4160,"date":"2023-08-03T13:32:04","date_gmt":"2023-08-03T13:32:04","guid":{"rendered":"https:\/\/www.mezokin.com\/?p=4160"},"modified":"2023-08-03T13:32:08","modified_gmt":"2023-08-03T13:32:08","slug":"the-role-of-a-demat-account-in-online-ipo-applications","status":"publish","type":"post","link":"https:\/\/www.mezokin.com\/the-role-of-a-demat-account-in-online-ipo-applications\/","title":{"rendered":"The Role of a Demat Account in Online IPO Applications"},"content":{"rendered":"<div class='booster-block booster-read-block'>\n                <div class=\"twp-read-time\">\n                \t<i class=\"booster-icon twp-clock\"><\/i> <span>Read Time:<\/span>2 Minute, 39 Second                <\/div>\n\n            <\/div>\n<p>An initial public offering (IPO) is a type of public offering in which shares of a private company are offered for sale to the public for the first time. IPOs can be a great way to invest in a company that is growing rapidly and has the potential to be very successful. To apply for an IPO online, you will need to have a <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.upstox.app\" target=\"_blank\" rel=\"noopener\">demat account<\/a>. A demat account is a type of account that allows you to hold shares of companies in electronic form. This means that you do not have to hold physical certificates for your shares, which can be cumbersome and time-consuming.<\/p>\n\n\n\n<p>When you apply for an IPO online, you will need to provide your demat account details. This includes the demat account number, the name of the depository participant (DP), and the bank account details linked to your demat account. Check more on <a href=\"https:\/\/upstox.com\/open-demat-account\/\" target=\"_blank\" rel=\"noopener\">What is demat account<\/a>? If your application is successful, the shares will be allotted to your demat account and credited to your bank account. You can then start trading the shares on the stock exchange.<\/p>\n\n\n\n<p>Here are some of the benefits of using a demat account for online IPO applications:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is more convenient: You can apply for an IPO online from the comfort of your home.<\/li>\n\n\n\n<li>It is more secure: Your shares are held in electronic form and are protected by the Securities and Exchange Board of India (SEBI).<\/li>\n\n\n\n<li>It is more efficient: The entire process of applying for an IPO and receiving the shares is much faster than the traditional method.<\/li>\n\n\n\n<li>If you are considering applying for an IPO, it is important to open a demat account first. This will make the process of applying for an IPO and receiving the shares much easier.<\/li>\n<\/ul>\n\n\n\n<p>Here are some of the steps involved in opening a demat account:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Choose a depository participant (DP): There are many DPs in India. You can choose a DP based on your location, fees, and services offered.<\/li>\n\n\n\n<li>Fill out an application form: You will need to fill out an application form with the DP of your choice. The application form will ask for your personal information, such as your name, address, and PAN number. Check more on What is demat account?<\/li>\n\n\n\n<li>Submit a copy of your PAN card: You will need to submit a copy of your PAN card to the DP.<\/li>\n\n\n\n<li>Submit a copy of your bank account details: You will need to submit a copy of your bank account details to the DP. This is so that the DP can credit your investments to your bank account.<\/li>\n\n\n\n<li>Pay the application fee: You will need to pay an application fee to the DP. The application fee is typically around Rs. 100.<\/li>\n\n\n\n<li>Once you have submitted the required documents and paid the application fee, your demat account will be opened in a few days. You will then be able to start applying for IPOs online.<\/li>\n<\/ul>\n\n\n\n<p>Keep your demat account details updated: It is important to keep your demat account details updated, such as your address and bank account details. This will ensure that you can receive the shares that you are allotted in an IPO.<\/p>\n        <div class=\"booster-block booster-reactions-block\">\n            <div class=\"twp-reactions-icons\">\n                \n                <div class=\"twp-reacts-wrap\">\n                    <a react-data=\"be-react-1\" post-id=\"4160\" class=\"be-face-icons un-reacted\" href=\"javascript:void(0)\">\n                        <img decoding=\"async\" src=\"https:\/\/www.mezokin.com\/wp-content\/plugins\/booster-extension\/\/assets\/icon\/happy.svg\" alt=\"Happy\">\n                    <\/a>\n                    <div class=\"twp-reaction-title\">\n                        Happy                    <\/div>\n                    <div class=\"twp-count-percent\">\n                                                    <span style=\"display: none;\" class=\"twp-react-count\">0<\/span>\n                        \n                                                <span 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offered&hellip;<\/p>\n","protected":false},"author":2,"featured_media":4161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[38],"class_list":["post-4160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-demat-account"],"_links":{"self":[{"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/posts\/4160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/comments?post=4160"}],"version-history":[{"count":1,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/posts\/4160\/revisions"}],"predecessor-version":[{"id":4162,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/posts\/4160\/revisions\/4162"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/media\/4161"}],"wp:attachment":[{"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/media?parent=4160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/categories?post=4160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mezokin.com\/wp-json\/wp\/v2\/tags?post=4160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}