Can I apply for multiple IPO with one Demat account?

Can I apply for IPO from all family members’ account(ASBA) and get share delivery in the one Zerodha demat account?

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No, you cannot. when you apply for IPO, you’ve to mention your DP id of your Demat account(which is under your name). however, you can apply for IPO from all family member’s bank account but it will not get shared in one Demat account, for all members individual demat is required.

And, if you wish to apply in an IPO through multiple applications on same name? No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.


No, you cannot. Each and every individual needs to have a separate demat


Thank you. I thought I could do that. Seems so unfair though.