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Is demat account necessary for applying in an IPO?

April 26, 2017account demat IPO necessary

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Is demat account necessary for applying in an IPO?

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Yes, as per SEBI guideline trading in the securities on the exchange is permitted in demat mode only. Securities allotted in an IPO can only be in the demat mode and will be credited to the demat accounts of the allottee. Click here to open a demat account with Arihant.