I do not have a Demat account in Upstox, can I still apply for IPO on WhatsApp?

Question

I do not have a Demat account in Upstox, can I still apply for IPO on WhatsApp?

Accepted Answer · 2021-12-21

Yes, Upstox allows all investors whether they have a Upstox Demat Account or not to subscribe to an IPO through WhatsApp. However, you must have a Demat account with another broker so that allotted shares will be transferred into your Demat account. The process for non-Upstox users to purchase IPO on Whatsapp is stated here below:

Send Hi on the 9321261098 Whatsapp number and click on the “IPO” option.
Confirm your mobile number and enter OTP sent on your mobile.
Now, Upstox will ask you to open a Demat account or offer an option to Apply without Upstox Demat.
Click on the “Apply for an IPO” option and select your choice of IPO.
Enter your e-mail address, PAN card details, and tap on the “Continue” option.
Now, select your Demat depository (CDSL or NSDL) and enter a DP ID number. CDSL Demat holders need to enter a 16-digit Demat account number whereas NSDL Demat account holders have to provide an 8-digit DP ID and client ID as well.
Select the IPO cut-off price and bid lot and then tap on the “Proceed” option.
Enter UPI ID address and then click on the “Accept & Proceed” button to place your bid successfully.
You can now check your IPO application status anytime on WhatsApp chat.

I do not have a Demat account in Upstox, can I still apply for IPO on WhatsApp?

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