Hello,
Let’s say I only have 1 bank account in IDFC First Bank for which Zerodha offers 3 in 1 account.
And it’s a Non- SCSB Bank according to this list.
Is there any way I can apply for IPO?
No, you won’t be able to apply in that case.
This is what a part of the IPO application form looks like:
You will only be able to use ASBA or UPI with the banks which make these modes available. Check the complete sample application form here. You can choose to open a bank account from the list of 59 banks which offer ASBA or the list of 50 banks for UPI.
As of Nov 23, 2020; IDFC First Bank’s name seems to be added to the list of " Self-Certified Syndicate Banks under the direct ASBA facility (equity issuances)".
LINK - https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=34
Also, I came across the following video that seems to be showing the ‘Online IPO Application’ tab in IDFC First Bank’s portal. https://www.youtube.com/watch?v=ZR6YWx3MADo&ab_channel=HTMoto
But, in my account, I don’t see the option. Nor is there any mention of IPO and ASBA on the website. What am I missing?