Suppose I buy the initial public offering through internet banking by the account which has not been linked to my demat account .
Eg : suppose i use HDFC Bank account to buy buy the shares but the account linked with demat is Axis Bank.
Will I be able to buy the ipo shares?
Will this new account also be linked , that is demat account?
To apply for IPO, the bank account doesn’t necessarily have to be linked to your trading account, just that the bank account should be in your name. During allotment RTA will do validation of your PAN with Demat and Bank account, in case of mismatch your application will be rejected.
When applying through NetBanking(ASBA) what should be filled in for applicant name (name as in trading account or as in banking account).
Can i apply for ipo using the upi id directly in kite of the bank which has not been linked to my trading account? Eg : hdfc is linked to my trading account can i buy using upi id of my axis bank account (which is not linked to trading account).
In the circular (NSE/CMTR/34877) in which the InvIT specific series was introduced, it was mentioned that the IV series is an EQ series equivalent -
i Rolling settlement with series as IV (EQ equivalent)
ii. Trade for Trade with series as ID (BE equivalent)
iii. Institutional segment with series as IA (IL equivalent)
I think a separate series might have been created so that it is easier for NSE to summarize data related to transactions occurring in the InvIT series. One example that I could find is in the NSE’s Market Pulse magazine (Page 103) which shows data from various series -